Cisco Systems, Inc. (CSCO) Stake Raised by Flippin Bruce & Porter Inc.

Flippin Bruce & Porter Inc. grew its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 312,232 shares of the network equipment provider’s stock after purchasing an additional 8,767 shares during the period. Cisco Systems makes up 2.8% of Flippin Bruce & Porter Inc.’s investment portfolio, making the stock its 3rd largest holding. Flippin Bruce & Porter Inc.’s holdings in Cisco Systems were worth $15,190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CSCO. LFA Lugano Financial Advisors SA boosted its stake in Cisco Systems by 220,000.0% during the third quarter. LFA Lugano Financial Advisors SA now owns 2,201 shares of the network equipment provider’s stock worth $107,000 after acquiring an additional 2,200 shares in the last quarter. Camarda Financial Advisors LLC raised its holdings in Cisco Systems by 546.3% in the third quarter. Camarda Financial Advisors LLC now owns 2,585 shares of the network equipment provider’s stock worth $126,000 after buying an additional 2,185 shares during the last quarter. Shamrock Asset Management LLC raised its holdings in Cisco Systems by 3,623.0% in the third quarter. Shamrock Asset Management LLC now owns 3,723 shares of the network equipment provider’s stock worth $181,000 after buying an additional 3,623 shares during the last quarter. Landaas & Co. WI ADV purchased a new position in Cisco Systems in the second quarter worth about $184,000. Finally, McAdam LLC raised its holdings in Cisco Systems by 1,374.4% in the third quarter. McAdam LLC now owns 3,863 shares of the network equipment provider’s stock worth $189,000 after buying an additional 3,601 shares during the last quarter. 70.62% of the stock is currently owned by hedge funds and other institutional investors.

In other Cisco Systems news, EVP Mark D. Chandler sold 4,373 shares of the company’s stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $44.89, for a total transaction of $196,303.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Prat Bhatt sold 33,950 shares of the company’s stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $44.86, for a total transaction of $1,522,997.00. Following the sale, the senior vice president now directly owns 90,207 shares of the company’s stock, valued at $4,046,686.02. The disclosure for this sale can be found here. Insiders have sold 166,067 shares of company stock valued at $7,804,662 over the last three months. 0.03% of the stock is owned by corporate insiders.

Several research analysts have issued reports on the stock. Zacks Investment Research cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Friday, October 26th. Robert W. Baird reaffirmed a “buy” rating and issued a $53.00 target price on shares of Cisco Systems in a report on Tuesday. Morgan Stanley cut shares of Cisco Systems from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $51.00 to $49.00 in a report on Tuesday. KeyCorp lifted their target price on shares of Cisco Systems from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, November 15th. Finally, Wolfe Research assumed coverage on shares of Cisco Systems in a report on Tuesday, December 11th. They issued an “outperform” rating for the company. Nine equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Cisco Systems has a consensus rating of “Buy” and a consensus price target of $51.17.

CSCO opened at $47.89 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.11 and a quick ratio of 2.05. Cisco Systems, Inc. has a twelve month low of $40.19 and a twelve month high of $49.47. The company has a market cap of $229.22 billion, a PE ratio of 20.47, a P/E/G ratio of 2.76 and a beta of 1.16.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 14th. The network equipment provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.03. Cisco Systems had a net margin of 2.52% and a return on equity of 25.58%. The firm had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $12.86 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, research analysts predict that Cisco Systems, Inc. will post 2.7 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 23rd. Stockholders of record on Friday, January 4th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, January 3rd. This represents a $1.32 annualized dividend and a dividend yield of 2.76%. Cisco Systems’s payout ratio is 56.41%.

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Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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

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