LaFleur & Godfrey LLC Lowers Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

LaFleur & Godfrey LLC lowered its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 6.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,547 shares of the network equipment provider's stock after selling 5,401 shares during the quarter. LaFleur & Godfrey LLC's holdings in Cisco Systems were worth $4,971,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Petros Family Wealth LLC lifted its position in shares of Cisco Systems by 4.3% in the first quarter. Petros Family Wealth LLC now owns 30,006 shares of the network equipment provider's stock valued at $1,852,000 after acquiring an additional 1,240 shares in the last quarter. YHB Investment Advisors Inc. raised its stake in Cisco Systems by 1.3% during the 1st quarter. YHB Investment Advisors Inc. now owns 23,373 shares of the network equipment provider's stock valued at $1,442,000 after purchasing an additional 310 shares during the period. Embree Financial Group lifted its holdings in Cisco Systems by 3.2% in the 1st quarter. Embree Financial Group now owns 58,703 shares of the network equipment provider's stock worth $3,623,000 after purchasing an additional 1,838 shares in the last quarter. Keudell Morrison Wealth Management boosted its stake in Cisco Systems by 1.3% in the 1st quarter. Keudell Morrison Wealth Management now owns 17,484 shares of the network equipment provider's stock worth $1,079,000 after purchasing an additional 231 shares during the period. Finally, Consolidated Portfolio Review Corp grew its holdings in Cisco Systems by 19.4% during the 1st quarter. Consolidated Portfolio Review Corp now owns 26,056 shares of the network equipment provider's stock valued at $1,608,000 after buying an additional 4,226 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Trading Up 0.4%

Shares of NASDAQ CSCO traded up $0.30 during trading hours on Wednesday, hitting $68.19. 19,378,861 shares of the company traded hands, compared to its average volume of 20,165,044. The company's 50 day moving average price is $61.80 and its 200 day moving average price is $60.90. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $68.52. The stock has a market capitalization of $270.03 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 4.03 and a beta of 0.88. The company has a current ratio of 0.95, a quick ratio of 0.87 and a debt-to-equity ratio of 0.50.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data 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 net margin of 17.60% and a return on equity of 26.48%. The company had revenue of $14.15 billion during the quarter, compared to analyst estimates of $14.05 billion. During the same period in the previous year, the firm earned $0.88 earnings per share. Cisco Systems's quarterly 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 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The company 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. This represents a $1.64 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, July 3rd. Cisco Systems's dividend payout ratio (DPR) is currently 66.94%.

Analysts Set New Price Targets

CSCO has been the topic of several research analyst reports. 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 report on Thursday, May 15th. JPMorgan Chase & Co. boosted their price target 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. Barclays reissued an "equal weight" rating on shares of Cisco Systems in a report on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft raised Cisco Systems from a "hold" rating to a "buy" rating and lifted their target price for the stock from $65.00 to $73.00 in a report on Monday, June 16th. Finally, Citigroup increased their price target on Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $69.11.

Insiders Place Their Bets

In other news, SVP Maria Victoria Wong sold 762 shares of Cisco Systems stock in a transaction on Wednesday, June 11th. The stock was 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 now directly owns 36,937 shares in the company, valued at approximately $2,366,553.59. This trade represents a 2.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deborah L. Stahlkopf sold 9,643 shares of Cisco Systems stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $63.50, for a total transaction of $612,330.50. Following the sale, the executive vice president now owns 181,186 shares of the company's stock, valued at $11,505,311. The trade was a 5.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,335 shares of company stock valued at $6,271,054 over the last 90 days. 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.