Planning Alternatives Ltd. ADV Invests $340,000 in Cisco Systems, Inc. (NASDAQ:CSCO)

Key Points

• Planning Alternatives Ltd. ADV has acquired 5,505 shares of Cisco Systems, valued at approximately $340,000, indicating institutional interest in the company.
• Cisco Systems reported a quarterly earnings per share of $0.96, surpassing analysts' estimates, with a revenue of $14.15 billion, up 11.4% year-over-year.
• Several analysts have provided a Moderate Buy rating for Cisco Systems, with an average price target of $70.55, showing a positive outlook for the stock.

Planning Alternatives Ltd. ADV acquired a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,505 shares of the network equipment provider's stock, valued at approximately $340,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Navigoe LLC acquired a new stake in shares of Cisco Systems in the 4th quarter valued at about $26,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Cisco Systems in the 4th quarter valued at about $26,000. JDM Financial Group LLC boosted its position 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 period. Fairway Wealth LLC boosted its position in shares of Cisco Systems by 224.7% in the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 400 shares during the period. Finally, Accent Capital Management LLC acquired a new stake in shares of Cisco Systems in the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Activity

In other Cisco Systems news, insider Jeetendra I. Patel sold 899 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $64.27, for a total transaction of $57,778.73. Following the completion of the sale, the insider owned 255,377 shares of the company's stock, valued at approximately $16,413,079.79. The trade was a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 2,407 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $64.01, for a total value of $154,072.07. Following the transaction, the executive vice president owned 177,027 shares in the company, valued at approximately $11,331,498.27. This represents a 1.34% 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 in the last 90 days. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Trading Up 2.5%

Shares of CSCO stock traded up $1.69 during mid-day trading on Wednesday, hitting $69.21. 23,097,640 shares of the company's stock were exchanged, compared to its average volume of 16,347,027. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $69.78. The stock has a 50-day simple moving average of $67.17 and a two-hundred day simple moving average of $62.89. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.50. The stock has a market cap of $274.07 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 3.78 and a beta of 0.91.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share (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 analysts' expectations of $14.05 billion. During the same quarter last year, the firm earned $0.88 earnings per share. The business's revenue was up 11.4% on a year-over-year basis. Equities analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Thursday, July 3rd were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, July 3rd. Cisco Systems's payout ratio is 66.94%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Morgan Stanley increased their price objective on Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. 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. Evercore ISI reaffirmed an "in-line" rating and set a $72.00 price objective on shares of Cisco Systems in a research report on Monday, July 28th. CICC Research started coverage on Cisco Systems in a report on Monday, July 14th. They issued an "outperform" rating and a $78.00 price target for the company. Finally, UBS Group raised their price target on Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Cisco Systems has an average rating of "Moderate Buy" and a consensus target price of $70.55.

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.