Wealth Management Solutions LLC Has $400,000 Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Wealth Management Solutions LLC raised its position in Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) by 12.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,992 shares of the network equipment provider’s stock after buying an additional 1,072 shares during the quarter. Wealth Management Solutions LLC’s holdings in Cisco Systems were worth $400,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can bought a new stake in shares of Cisco Systems during the 3rd quarter valued at $246,529,000. Renaissance Technologies LLC lifted its position in shares of Cisco Systems by 4,090.1% during the 2nd quarter. Renaissance Technologies LLC now owns 5,359,105 shares of the network equipment provider’s stock worth $228,512,000 after buying an additional 5,231,205 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Cisco Systems by 3,370.0% during the 2nd quarter. Federated Hermes Inc. now owns 5,371,625 shares of the network equipment provider’s stock worth $229,047,000 after buying an additional 5,216,825 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Cisco Systems by 265.5% during the 3rd quarter. National Bank of Canada FI now owns 6,320,850 shares of the network equipment provider’s stock worth $253,082,000 after buying an additional 4,591,715 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Cisco Systems by 50.3% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,295,855 shares of the network equipment provider’s stock worth $566,935,000 after buying an additional 4,447,807 shares during the last quarter. 71.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Bank of America restated a “buy” rating and set a $52.00 price objective on shares of Cisco Systems in a research report on Wednesday, November 16th. Credit Suisse Group upped their price objective on Cisco Systems from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, November 17th. Oppenheimer restated an “outperform” rating and set a $50.00 price objective on shares of Cisco Systems in a research report on Friday, November 18th. TheStreet upgraded Cisco Systems from a “c+” rating to a “b-” rating in a research report on Monday, November 28th. Finally, Morgan Stanley increased their target price on Cisco Systems from $48.00 to $52.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.95.

Cisco Systems Trading Up 0.2 %

Shares of CSCO stock opened at $47.90 on Wednesday. The stock has a market cap of $196.81 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 2.31 and a beta of 0.99. The stock has a 50-day moving average of $48.07 and a 200-day moving average of $45.41. The company has a current ratio of 1.45, a quick ratio of 1.34 and a debt-to-equity ratio of 0.19. Cisco Systems, Inc. has a 1-year low of $38.60 and a 1-year high of $57.69.

Cisco Systems (NASDAQ:CSCO – Get Rating) last released its earnings results on Wednesday, November 16th. The network equipment provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.73 by $0.04. Cisco Systems had a return on equity of 31.68% and a net margin of 22.00%. The business had revenue of $13.63 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter last year, the firm posted $0.73 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. On average, equities research analysts forecast that Cisco Systems, Inc. will post 3.16 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Thursday, January 5th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, January 4th. This represents a $1.52 annualized dividend and a yield of 3.17%. Cisco Systems’s dividend payout ratio is currently 54.87%.

Insider Buying and Selling

In related news, EVP Jeffery S. Sharritts sold 637 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $50.08, for a total transaction of $31,900.96. Following the completion of the sale, the executive vice president now owns 276,589 shares of the company’s stock, valued at $13,851,577.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Cisco Systems news, EVP Jeffery S. Sharritts sold 637 shares of the stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $50.08, for a total value of $31,900.96. Following the transaction, the executive vice president now owns 276,589 shares in the company, valued at $13,851,577.12. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffery S. Sharritts sold 14,830 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $47.80, for a total value of $708,874.00. Following the completion of the transaction, the executive vice president now owns 277,751 shares in the company, valued at approximately $13,276,497.80. The disclosure for this sale can be found here. Insiders sold 243,098 shares of company stock valued at $11,939,277 over the last 90 days. Company insiders own 0.02% of the company’s stock.

About Cisco Systems

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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. 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 that are standalone, controller appliance-based, switch-converged, and Meraki cloud-managed offerings; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.