Annex Advisory Services LLC Has $988,000 Holdings in Cisco Systems, Inc. (CSCO)

Annex Advisory Services LLC boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 8.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,368 shares of the network equipment provider’s stock after purchasing an additional 2,328 shares during the period. Annex Advisory Services LLC’s holdings in Cisco Systems were worth $988,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CSCO. Opes Advisors Inc raised its stake in shares of Cisco Systems by 0.6% in the 2nd quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock valued at $236,000 after acquiring an additional 44 shares during the period. Leisure Capital Management raised its stake in shares of Cisco Systems by 0.6% in the 2nd quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock valued at $233,000 after acquiring an additional 48 shares during the period. Ronald Blue & Co. LLC raised its stake in shares of Cisco Systems by 0.3% in the 2nd quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock valued at $561,000 after acquiring an additional 57 shares during the period. Banced Corp raised its stake in shares of Cisco Systems by 0.4% in the 2nd quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock valued at $442,000 after acquiring an additional 59 shares during the period. Finally, GM Advisory Group Inc. raised its stake in shares of Cisco Systems by 0.3% in the 2nd quarter. GM Advisory Group Inc. now owns 19,548 shares of the network equipment provider’s stock valued at $612,000 after acquiring an additional 61 shares during the period. 75.60% of the stock is currently owned by institutional investors.

CSCO has been the topic of a number of research analyst reports. Oppenheimer reissued a “buy” rating and issued a $36.00 price target on shares of Cisco Systems in a research note on Tuesday, October 31st. Vetr downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $35.78 price target on the stock. in a research note on Friday, November 17th. Cowen reissued a “buy” rating on shares of Cisco Systems in a research note on Friday, November 17th. Deutsche Bank restated a “buy” rating and issued a $45.00 price objective (up previously from $40.00) on shares of Cisco Systems in a report on Thursday, November 16th. Finally, Royal Bank of Canada lifted their price objective on shares of Cisco Systems to $40.00 and gave the company an “outperform” rating in a report on Thursday, November 16th. Twelve equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Cisco Systems has an average rating of “Buy” and an average price target of $38.47.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at $41.20 on Thursday. Cisco Systems, Inc. has a 12-month low of $29.92 and a 12-month high of $41.32. The company has a market cap of $203,680.00, a price-to-earnings ratio of 21.35, a P/E/G ratio of 3.70 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 released its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The firm had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. Cisco Systems’s revenue for the quarter was down 1.7% on a year-over-year basis. equities analysts forecast that Cisco Systems, Inc. will post 2.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Friday, January 5th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.16 annualized dividend and a yield of 2.82%. Cisco Systems’s dividend payout ratio (DPR) is 60.10%.

In other Cisco Systems news, SVP Karen Walker sold 5,786 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $211,131.14. Following the completion of the transaction, the senior vice president now owns 176,418 shares in the company, valued at approximately $6,437,492.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Roderick C. Mcgeary sold 15,230 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.00, for a total transaction of $578,740.00. Following the transaction, the director now owns 113,154 shares of the company’s stock, valued at approximately $4,299,852. The disclosure for this sale can be found here. In the last quarter, insiders sold 348,643 shares of company stock valued at $12,892,271. 0.05% of the stock is owned by insiders.

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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).

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

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