Founders Financial Alliance LLC Has $1.69 Million Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Founders Financial Alliance LLC increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 16.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,415 shares of the network equipment provider's stock after buying an additional 3,779 shares during the quarter. Founders Financial Alliance LLC's holdings in Cisco Systems were worth $1,692,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CSCO. Navigoe LLC bought a new stake in Cisco Systems during the 4th quarter worth approximately $26,000. Mpwm Advisory Solutions LLC bought a new position in shares of Cisco Systems in the fourth quarter valued at approximately $26,000. JDM Financial Group LLC grew its holdings in shares of 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 acquiring an additional 300 shares in the last quarter. Fairway Wealth LLC grew its holdings in shares of 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 acquiring an additional 400 shares in the last quarter. Finally, Accent Capital Management LLC bought a new position in shares of Cisco Systems in the first quarter valued at approximately $36,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Charles Robbins sold 29,784 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $64.61, for a total value of $1,924,344.24. Following the transaction, the chief executive officer owned 688,409 shares of the company's stock, valued at $44,478,105.49. This represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard Scott Herren sold 15,678 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $65.52, for a total value of $1,027,222.56. Following the completion of the transaction, the chief financial officer directly owned 309,543 shares in the company, valued at approximately $20,281,257.36. This represents a 4.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,335 shares of company stock valued at $6,271,054 over the last quarter. Insiders own 0.01% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Morgan Stanley upped their target price on Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Rosenblatt Securities increased their price objective on Cisco Systems from $63.00 to $74.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Barclays reissued an "equal weight" rating on shares of Cisco Systems in a report on Wednesday, May 21st. Finally, Wolfe Research began coverage on Cisco Systems in a report on Tuesday, July 8th. They set a "peer perform" rating for the company. Eight investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Cisco Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.55.

Cisco Systems Trading Up 1.0%

Shares of CSCO stock opened at $69.90 on Friday. 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, Inc. has a 52-week low of $44.50 and a 52-week high of $70.14. The company has a market capitalization of $276.80 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 3.84 and a beta of 0.91. The business's fifty day moving average is $67.31 and its 200 day moving average is $62.96.

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

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Thursday, July 3rd were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, July 3rd. Cisco Systems's dividend payout ratio is currently 66.94%.

Cisco Systems 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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