Cisco Systems, Inc. (NASDAQ:CSCO) Shares Acquired by BerganKDV Wealth Management LLC

BerganKDV Wealth Management LLC boosted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) by 2.5% during the first quarter, HoldingsChannel reports. The fund owned 51,802 shares of the network equipment provider’s stock after buying an additional 1,243 shares during the period. BerganKDV Wealth Management LLC’s holdings in Cisco Systems were worth $2,888,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sandy Cove Advisors LLC acquired a new position in Cisco Systems in the fourth quarter valued at approximately $33,000. Evolution Advisers Inc. acquired a new position in Cisco Systems in the fourth quarter valued at approximately $33,000. Conrad Siegel Investment Advisors Inc. acquired a new position in Cisco Systems in the first quarter valued at approximately $33,000. Regency Capital Management Inc. DE acquired a new position in Cisco Systems in the fourth quarter valued at approximately $34,000. Finally, Steward Financial Group LLC acquired a new position in Cisco Systems in the fourth quarter valued at approximately $36,000. 73.18% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Stock Performance

NASDAQ CSCO traded down $0.37 during trading hours on Friday, hitting $45.01. The company had a trading volume of 19,533,918 shares, compared to its average volume of 16,972,012. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.40 and a current ratio of 1.49. Cisco Systems, Inc. has a 1-year low of $40.82 and a 1-year high of $64.29. The company has a market cap of $186.38 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 2.23 and a beta of 0.97. The business has a 50 day moving average of $43.96 and a 200-day moving average of $49.96.

Cisco Systems (NASDAQ:CSCO – Get Rating) last released its quarterly earnings data on Wednesday, May 18th. The network equipment provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. Cisco Systems had a net margin of 23.28% and a return on equity of 31.22%. The company had revenue of $12.84 billion during the quarter, compared to the consensus estimate of $13.33 billion. During the same quarter in the prior year, the firm posted $0.75 earnings per share. As a group, equities research analysts expect that Cisco Systems, Inc. will post 3 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 6th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, July 5th. This represents a $1.52 annualized dividend and a dividend yield of 3.38%. Cisco Systems’s dividend payout ratio (DPR) is 53.33%.

Analysts Set New Price Targets

CSCO has been the topic of a number of research reports. Wells Fargo & Company decreased their price target on Cisco Systems from $65.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 19th. Barclays decreased their price target on Cisco Systems from $68.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, May 19th. Citigroup decreased their price target on Cisco Systems from $45.00 to $40.00 and set a “sell” rating on the stock in a research note on Thursday, May 19th. TheStreet cut Cisco Systems from a “b” rating to a “c+” rating in a research note on Wednesday, June 15th. Finally, Jefferies Financial Group decreased their price target on Cisco Systems from $65.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, May 19th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Cisco Systems presently has an average rating of “Hold” and an average target price of $54.23.

Insider Transactions at Cisco Systems

In other news, CEO Charles Robbins sold 12,717 shares of the stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $43.79, for a total transaction of $556,877.43. Following the completion of the sale, the chief executive officer now owns 651,577 shares in the company, valued at $28,532,556.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Prat Bhatt sold 607 shares of the stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $43.10, for a total transaction of $26,161.70. Following the completion of the sale, the senior vice president now owns 79,855 shares in the company, valued at $3,441,750.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles Robbins sold 12,717 shares of the firm’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $43.79, for a total transaction of $556,877.43. Following the completion of the sale, the chief executive officer now owns 651,577 shares of the company’s stock, valued at approximately $28,532,556.83. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,326 shares of company stock worth $1,103,159. Company insiders own 0.02% of the company’s stock.

Cisco Systems Company Profile

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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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.