R. W. Roge & Company Inc. Invests $203,000 in Cisco Systems, Inc. (NASDAQ:CSCO)

R. W. Roge & Company Inc. purchased a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the first quarter, HoldingsChannel.com reports. The fund purchased 3,290 shares of the network equipment provider’s stock, valued at approximately $203,000.

A number of other large investors have also made changes to their positions in CSCO. Navigoe LLC acquired a new position in shares of Cisco Systems in the 4th quarter valued at $26,000. Mpwm Advisory Solutions LLC purchased a new stake in Cisco Systems in the fourth quarter valued at $26,000. JDM Financial Group LLC boosted its holdings in Cisco Systems by 160.4% in the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider’s stock valued at $29,000 after purchasing an additional 300 shares during the last quarter. Fairway Wealth LLC boosted its holdings in Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 400 shares during the last quarter. Finally, Accent Capital Management LLC purchased a new stake in Cisco Systems in the first quarter valued at $36,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CSCO has been the topic of several recent research reports. Wells Fargo & Company raised shares of Cisco Systems from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $72.00 to $75.00 in a report on Thursday, May 15th. Rosenblatt Securities upped their price target on shares of Cisco Systems from $63.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Morgan Stanley upped their price target on shares of Cisco Systems from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, July 18th. New Street Research reaffirmed a “neutral” rating and issued a $70.00 price target on shares of Cisco Systems in a report on Friday, May 16th. Finally, Wolfe Research initiated coverage on shares of Cisco Systems in a report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.55.

Cisco Systems Stock Up 2.5%

CSCO opened at $69.21 on Thursday. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $69.78. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $67.17 and a 200 day moving average price of $62.89. The company has a market cap of $274.07 billion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 3.78 and a beta of 0.91.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. Cisco Systems had a net margin of 17.60% and a return on equity of 26.48%. The firm had revenue of $14.15 billion during the quarter, compared to the consensus estimate of $14.05 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. Sell-side analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Thursday, July 3rd were issued a $0.41 dividend. The ex-dividend date was Thursday, July 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. Cisco Systems’s dividend payout ratio is presently 66.94%.

Insider Buying and Selling

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 2,407 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $64.01, for a total value of $154,072.07. Following the completion of the sale, the executive vice president owned 177,027 shares in the company, valued at approximately $11,331,498.27. This represents a 1.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Maria Victoria Wong sold 762 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $64.07, for a total transaction of $48,821.34. Following the completion of the sale, the senior vice president owned 36,937 shares of the company’s stock, valued at approximately $2,366,553.59. The trade was a 2.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,335 shares of company stock worth $6,271,054 in the last 90 days. Corporate insiders own 0.01% of the company’s stock.

About Cisco Systems

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 and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.