Trust Co. of Oklahoma Has $211,000 Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Trust Co. of Oklahoma trimmed its position in Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 10.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,087 shares of the network equipment provider’s stock after selling 495 shares during the quarter. Trust Co. of Oklahoma’s holdings in Cisco Systems were worth $211,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Cisco Systems by 2.2% during the first quarter. State Street Corp now owns 184,879,450 shares of the network equipment provider’s stock worth $9,664,544,000 after buying an additional 4,061,022 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Cisco Systems by 2.1% during the first quarter. Geode Capital Management LLC now owns 78,378,278 shares of the network equipment provider’s stock worth $4,088,864,000 after purchasing an additional 1,641,294 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Cisco Systems by 0.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 70,960,104 shares of the network equipment provider’s stock worth $3,674,524,000 after purchasing an additional 399,565 shares during the period. Morgan Stanley lifted its holdings in shares of Cisco Systems by 17.4% during the fourth quarter. Morgan Stanley now owns 61,788,267 shares of the network equipment provider’s stock worth $2,943,593,000 after purchasing an additional 9,160,347 shares during the period. Finally, Moneta Group Investment Advisors LLC lifted its holdings in shares of Cisco Systems by 112,307.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 59,519,500 shares of the network equipment provider’s stock worth $2,835,509,000 after purchasing an additional 59,466,550 shares during the period. 72.21% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Deborah L. Stahlkopf sold 3,022 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $56.22, for a total transaction of $169,896.84. Following the completion of the transaction, the executive vice president now directly owns 169,396 shares of the company’s stock, valued at approximately $9,523,443.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Deborah L. Stahlkopf sold 3,022 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $56.22, for a total transaction of $169,896.84. Following the sale, the executive vice president now directly owns 169,396 shares in the company, valued at approximately $9,523,443.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles Robbins sold 17,687 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $55.16, for a total transaction of $975,614.92. Following the sale, the chief executive officer now owns 716,191 shares in the company, valued at $39,505,095.56. The disclosure for this sale can be found here. Insiders sold 54,438 shares of company stock valued at $2,948,779 in the last three months. Company insiders own 0.02% of the company’s stock.

Cisco Systems Trading Up 0.1 %

Shares of CSCO stock opened at $56.11 on Tuesday. Cisco Systems, Inc. has a 52-week low of $38.60 and a 52-week high of $58.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 1.38. The company has a 50-day simple moving average of $54.20 and a two-hundred day simple moving average of $51.17. The company has a market capitalization of $227.52 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 2.48 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCOGet Free Report) last issued its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.08. Cisco Systems had a net margin of 22.13% and a return on equity of 33.42%. The business had revenue of $15.20 billion during the quarter, compared to the consensus estimate of $15.05 billion. During the same period in the prior year, the firm posted $0.74 EPS. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. Research analysts anticipate that Cisco Systems, Inc. will post 3.58 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Tuesday, October 3rd. Cisco Systems’s dividend payout ratio is currently 50.81%.

Analyst Ratings Changes

A number of equities analysts have recently commented on CSCO shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Cisco Systems from $54.00 to $58.00 and gave the stock a “hold” rating in a report on Monday, August 21st. Barclays boosted their target price on shares of Cisco Systems from $51.00 to $53.00 and gave the company an “equal weight” rating in a report on Thursday, August 17th. JPMorgan Chase & Co. upgraded shares of Cisco Systems from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $55.00 to $62.00 in a report on Wednesday, July 19th. Oppenheimer restated an “outperform” rating and issued a $58.00 target price on shares of Cisco Systems in a report on Thursday, August 17th. Finally, Citigroup boosted their target price on shares of Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $59.43.

View Our Latest Stock Report on Cisco Systems

Cisco Systems Company Profile

(Free Report)

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.

Further Reading

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

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