Trust Co. of Vermont lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 1.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 188,621 shares of the network equipment provider’s stock after acquiring an additional 2,287 shares during the period. Trust Co. of Vermont’s holdings in Cisco Systems were worth $13,087,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of CSCO. Brighton Jones LLC grew its stake in Cisco Systems by 49.5% during the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock worth $4,392,000 after buying an additional 24,562 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Cisco Systems by 37.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock worth $542,000 after buying an additional 2,474 shares in the last quarter. NBC Securities Inc. grew its stake in Cisco Systems by 99,042.9% during the first quarter. NBC Securities Inc. now owns 34,700 shares of the network equipment provider’s stock worth $2,141,000 after buying an additional 34,665 shares in the last quarter. Elevation Wealth Partners LLC grew its stake in Cisco Systems by 204.8% during the first quarter. Elevation Wealth Partners LLC now owns 2,679 shares of the network equipment provider’s stock worth $164,000 after buying an additional 1,800 shares in the last quarter. Finally, Merit Financial Group LLC grew its stake in Cisco Systems by 28.1% during the first quarter. Merit Financial Group LLC now owns 172,578 shares of the network equipment provider’s stock worth $10,650,000 after buying an additional 37,813 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.
Cisco Systems Stock Up 1.0%
Shares of NASDAQ CSCO opened at $68.42 on Wednesday. The company has a 50 day simple moving average of $68.12 and a 200 day simple moving average of $64.43. The firm has a market cap of $270.48 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 2.85 and a beta of 0.99. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 year high of $72.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91.
Cisco Systems Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems’s dividend payout ratio (DPR) is 62.60%.
Insiders Place Their Bets
In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $651,547.80. Following the completion of the transaction, the executive vice president owned 161,662 shares in the company, valued at approximately $10,766,689.20. This trade represents a 5.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeetendra I. Patel sold 9,061 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $603,462.60. Following the transaction, the insider owned 237,405 shares of the company’s stock, valued at approximately $15,811,173. The trade was a 3.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,965 shares of company stock worth $5,559,996 over the last quarter. 0.01% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
CSCO has been the topic of a number of analyst reports. Barclays increased their price objective on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 14th. HSBC reissued a “hold” rating and issued a $69.00 target price on shares of Cisco Systems in a report on Friday, August 15th. UBS Group increased their target price on shares of Cisco Systems from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Hsbc Global Res cut shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Finally, CICC Research started coverage on shares of Cisco Systems in a report on Monday, July 14th. They issued an “outperform” rating and a $78.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.53.
Get Our Latest Analysis on Cisco Systems
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.
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