Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by Money Concepts Capital Corp

Money Concepts Capital Corp lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,560 shares of the network equipment provider's stock after acquiring an additional 4,252 shares during the period. Money Concepts Capital Corp's holdings in Cisco Systems were worth $3,675,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CSCO. Navigoe LLC purchased a new stake in shares of Cisco Systems in the 4th quarter valued at approximately $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 lifted its stake in shares of Cisco Systems by 160.4% in the 4th 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. Runnymede Capital Advisors Inc. acquired a new position in shares of Cisco Systems in the 4th quarter valued at $30,000. Finally, Campbell Capital Management Inc. acquired a new stake in shares of Cisco Systems during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and lifted their target price for the company from $65.00 to $73.00 in a report on Monday, June 16th. Morgan Stanley restated a "hold" rating on shares of Cisco Systems in a report on Wednesday, May 21st. Rosenblatt Securities lifted their target price on Cisco Systems from $63.00 to $74.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. KeyCorp started coverage on shares of Cisco Systems in a research report on Thursday. They set an "overweight" rating and a $77.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of Cisco Systems from $70.00 to $73.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $69.53.

Cisco Systems Trading Up 1.1%

NASDAQ:CSCO opened at $68.95 on Friday. The stock has a market capitalization of $273.04 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 4.08 and a beta of 0.88. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $69.25. The stock has a fifty day moving average price of $62.31 and a two-hundred day moving average price of $61.02. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.87 and a current ratio of 0.95.

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

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Thursday, July 3rd will be given a $0.41 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.38%. Cisco Systems's dividend payout ratio is presently 66.94%.

Insider Activity at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 762 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $64.07, for a total value of $48,821.34. Following the completion of the transaction, the senior vice president now directly owns 36,937 shares in the company, valued at approximately $2,366,553.59. The trade was a 2.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Thimaya K. Subaiya sold 8,726 shares of Cisco Systems stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $65.54, for a total value of $571,902.04. Following the completion of the sale, the executive vice president now directly owns 174,669 shares of the company's stock, valued at approximately $11,447,806.26. This represents a 4.76% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,335 shares of company stock valued at $6,271,054. Insiders own 0.01% of the company's stock.

Cisco Systems Company Profile

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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