Earned Wealth Advisors LLC Invests $397,000 in Cisco Systems, Inc. (NASDAQ:CSCO)

Key Points

• Earned Wealth Advisors LLC has made a new investment of approximately $397,000 in Cisco Systems, Inc. (NASDAQ: CSCO), purchasing 6,432 shares during the first quarter.
• Several institutional investors have recently modified their stakes in Cisco, leading to 73.33% of the stock now owned by institutional investors.
• Recent analyst reports have generally upgraded Cisco's stock rating, with price targets ranging from $64.00 to $78.00, reflecting a positive outlook for the company.

Earned Wealth Advisors LLC acquired a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,432 shares of the network equipment provider's stock, valued at approximately $397,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Navigoe LLC purchased a new position in Cisco Systems in the 4th quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC purchased a new position in Cisco Systems in the fourth quarter valued at $26,000. JDM Financial Group LLC grew its stake in Cisco Systems by 160.4% during the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after purchasing an additional 300 shares in the last quarter. Fairway Wealth LLC increased its holdings in Cisco Systems by 224.7% during the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after purchasing an additional 400 shares during the period. Finally, Accredited Wealth Management LLC acquired a new stake in Cisco Systems in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Activity

In other Cisco Systems news, CFO Richard Scott Herren sold 15,678 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $65.52, for a total transaction of $1,027,222.56. Following the sale, the chief financial officer owned 309,543 shares in the company, valued at approximately $20,281,257.36. This represents a 4.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeetendra I. Patel sold 9,961 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $63.97, for a total transaction of $637,205.17. Following the completion of the transaction, the insider directly owned 257,162 shares of the company's stock, valued at $16,450,653.14. The trade was a 3.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,335 shares of company stock worth $6,271,054 in the last three months. Company insiders own 0.01% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CSCO. JPMorgan Chase & Co. raised their target price on shares of Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. New Street Research reaffirmed a "neutral" rating and set a $70.00 price objective on shares of Cisco Systems in a research report on Friday, May 16th. Rosenblatt Securities boosted their target price on shares of Cisco Systems from $63.00 to $74.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Evercore ISI restated an "in-line" rating and issued a $72.00 price target on shares of Cisco Systems in a research note on Monday, July 28th. Finally, UBS Group upped their price objective on Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Tuesday. Eight analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Cisco Systems has an average rating of "Moderate Buy" and an average target price of $70.55.

Cisco Systems Price Performance

CSCO stock traded up $0.69 during trading on Thursday, reaching $69.90. 22,111,347 shares of the company were exchanged, compared to its average volume of 21,173,664. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.87 and a current ratio of 0.95. The stock's 50 day moving average price is $67.17 and its 200 day moving average price is $62.89. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $70.14. The company has a market cap of $276.80 billion, a P/E ratio of 28.53, a PEG ratio of 3.78 and a beta of 0.91.

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

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Thursday, July 3rd were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.3%. The ex-dividend date was Thursday, July 3rd. Cisco Systems's dividend payout ratio (DPR) is 66.94%.

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.