Cisco Systems, Inc. (NASDAQ:CSCO) Shares Purchased by Ellsworth Advisors LLC

Ellsworth Advisors LLC grew its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,033 shares of the network equipment provider’s stock after buying an additional 5,417 shares during the period. Cisco Systems accounts for about 1.4% of Ellsworth Advisors LLC’s holdings, making the stock its 24th largest holding. Ellsworth Advisors LLC’s holdings in Cisco Systems were worth $5,483,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CSCO. SOA Wealth Advisors LLC. raised its stake in Cisco Systems by 1.0% during the 1st quarter. SOA Wealth Advisors LLC. now owns 39,508 shares of the network equipment provider’s stock worth $1,972,000 after acquiring an additional 407 shares in the last quarter. Trust Co of the South increased its position in shares of Cisco Systems by 3.3% during the first quarter. Trust Co of the South now owns 8,405 shares of the network equipment provider’s stock worth $419,000 after purchasing an additional 265 shares in the last quarter. Inscription Capital LLC boosted its position in shares of Cisco Systems by 49.4% in the 1st quarter. Inscription Capital LLC now owns 45,983 shares of the network equipment provider’s stock valued at $2,300,000 after purchasing an additional 15,198 shares during the period. Greenfield Savings Bank grew its stake in Cisco Systems by 4.8% during the 1st quarter. Greenfield Savings Bank now owns 30,567 shares of the network equipment provider’s stock worth $1,526,000 after buying an additional 1,409 shares during the last quarter. Finally, Nexus Investment Management ULC increased its position in Cisco Systems by 4.5% during the first quarter. Nexus Investment Management ULC now owns 683,765 shares of the network equipment provider’s stock worth $34,127,000 after buying an additional 29,700 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Transactions at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 27,143 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $49.45, for a total transaction of $1,342,221.35. Following the sale, the chief executive officer now owns 683,403 shares in the company, valued at approximately $33,794,278.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Charles Robbins sold 27,143 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $49.45, for a total value of $1,342,221.35. Following the sale, the chief executive officer now directly owns 683,403 shares in the company, valued at $33,794,278.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard Scott Herren sold 22,309 shares of Cisco Systems stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $50.00, for a total value of $1,115,450.00. Following the sale, the chief financial officer now owns 293,184 shares of the company’s stock, valued at approximately $14,659,200. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,529 shares of company stock valued at $3,509,049 in the last ninety days. Corporate insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CSCO. Evercore ISI raised their target price on shares of Cisco Systems from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Jefferies Financial Group dropped their price objective on shares of Cisco Systems from $56.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft raised their price target on Cisco Systems from $52.00 to $53.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a research note on Thursday, August 15th. Finally, Barclays lowered their target price on Cisco Systems from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Cisco Systems currently has an average rating of “Hold” and a consensus price target of $56.74.

Cisco Systems Price Performance

CSCO stock opened at $56.40 on Friday. The firm has a 50 day moving average of $50.95 and a 200-day moving average of $48.56. The company has a market cap of $227.23 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 4.22 and a beta of 0.83. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $56.58.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. The firm had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $13.53 billion. Cisco Systems had a return on equity of 27.83% and a net margin of 19.18%. Cisco Systems’s revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.01 earnings per share. As a group, equities analysts expect that Cisco Systems, Inc. will post 2.9 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a $0.40 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.84%. Cisco Systems’s dividend payout ratio is presently 53.87%.

Cisco Systems Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.