First Financial Bank Trust Division Has $7.74 Million Holdings in Cisco Systems, Inc. (CSCO)

First Financial Bank Trust Division cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 230,169 shares of the network equipment provider’s stock after selling 2,596 shares during the period. Cisco Systems comprises about 1.3% of First Financial Bank Trust Division’s holdings, making the stock its 20th largest position. First Financial Bank Trust Division’s holdings in Cisco Systems were worth $7,740,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Richard Bernstein Advisors LLC increased its position in shares of Cisco Systems by 21.2% during the second quarter. Richard Bernstein Advisors LLC now owns 269,441 shares of the network equipment provider’s stock worth $8,434,000 after purchasing an additional 47,211 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in shares of Cisco Systems by 10.4% during the second quarter. Stratos Wealth Partners LTD. now owns 152,990 shares of the network equipment provider’s stock worth $4,789,000 after purchasing an additional 14,395 shares in the last quarter. Eads & Heald Investment Counsel increased its position in shares of Cisco Systems by 15.7% during the second quarter. Eads & Heald Investment Counsel now owns 42,453 shares of the network equipment provider’s stock worth $1,329,000 after purchasing an additional 5,765 shares in the last quarter. Washington Trust Bank increased its position in shares of Cisco Systems by 2.5% during the second quarter. Washington Trust Bank now owns 113,153 shares of the network equipment provider’s stock worth $3,542,000 after purchasing an additional 2,726 shares in the last quarter. Finally, Holderness Investments Co. increased its position in shares of Cisco Systems by 12.1% during the first quarter. Holderness Investments Co. now owns 66,740 shares of the network equipment provider’s stock worth $2,256,000 after purchasing an additional 7,186 shares in the last quarter. Institutional investors own 75.55% of the company’s stock.

Cisco Systems, Inc. (NASDAQ:CSCO) opened at $38.55 on Friday. Cisco Systems, Inc. has a 52-week low of $29.80 and a 52-week high of $38.99. The stock has a market capitalization of $190,477.75, a PE ratio of 19.97, a P/E/G ratio of 3.48 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The company had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same quarter in the previous year, the company earned $0.61 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. equities analysts expect that Cisco Systems, Inc. will post 2.21 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, January 4th. Cisco Systems’s dividend payout ratio is presently 60.10%.

In other news, SVP Karen Walker sold 5,786 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $211,131.14. Following the sale, the senior vice president now owns 176,418 shares of the company’s stock, valued at approximately $6,437,492.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Prat Bhatt sold 2,606 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total value of $95,092.94. Following the sale, the chief accounting officer now directly owns 89,184 shares in the company, valued at approximately $3,254,324.16. The disclosure for this sale can be found here. Insiders sold a total of 348,643 shares of company stock worth $12,892,271 in the last ninety days. 0.05% of the stock is owned by corporate insiders.

CSCO has been the topic of a number of research analyst reports. Vetr cut Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 target price on the stock. in a research report on Wednesday, August 30th. Credit Suisse Group reiterated an “outperform” rating on shares of Cisco Systems in a research report on Thursday, August 31st. Oppenheimer reiterated a “buy” rating and set a $36.00 target price on shares of Cisco Systems in a research report on Friday, October 20th. Robert W. Baird reiterated a “buy” rating and set a $38.00 target price on shares of Cisco Systems in a research report on Monday, September 11th. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $42.00 target price on shares of Cisco Systems in a research report on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have given a buy rating to the stock. Cisco Systems has an average rating of “Buy” and an average price target of $37.10.

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About Cisco Systems

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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