Pure Financial Advisors LLC Boosts Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Pure Financial Advisors LLC lifted its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 38.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,969 shares of the network equipment provider's stock after purchasing an additional 4,722 shares during the quarter. Pure Financial Advisors LLC's holdings in Cisco Systems were worth $1,047,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Omnia Family Wealth LLC grew its stake in shares of Cisco Systems by 48.1% in the 1st quarter. Omnia Family Wealth LLC now owns 5,228 shares of the network equipment provider's stock valued at $323,000 after buying an additional 1,699 shares during the period. Live Oak Investment Partners lifted its holdings in Cisco Systems by 1.8% in the first quarter. Live Oak Investment Partners now owns 16,763 shares of the network equipment provider's stock valued at $1,034,000 after acquiring an additional 303 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in Cisco Systems in the first quarter worth approximately $115,000. Golden State Wealth Management LLC increased its stake in Cisco Systems by 169.5% during the first quarter. Golden State Wealth Management LLC now owns 15,323 shares of the network equipment provider's stock worth $946,000 after acquiring an additional 9,637 shares during the last quarter. Finally, Aurora Private Wealth Inc. purchased a new stake in Cisco Systems in the first quarter valued at $996,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Trading Up 1.1%

Shares of CSCO stock opened at $68.95 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.50. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $69.25. The firm's 50 day moving average price is $62.31 and its two-hundred day moving average price is $61.02. The stock has a market cap of $273.04 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 4.08 and a beta of 0.88.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share for the quarter, beating 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 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 business posted $0.88 EPS. The business's quarterly revenue was up 11.4% on a year-over-year basis. On average, analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Thursday, July 3rd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, July 3rd. Cisco Systems's dividend payout ratio is presently 66.94%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CSCO. Barclays reissued an "equal weight" rating on shares of Cisco Systems in a research report on Wednesday, May 21st. Morgan Stanley reissued a "hold" rating on shares of Cisco Systems in a research note on Wednesday, May 21st. Citigroup increased their price objective on shares of Cisco Systems from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. lifted their target price on shares of Cisco Systems from $70.00 to $73.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Finally, Wall Street Zen upgraded Cisco Systems from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $69.53.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 9,643 shares of Cisco Systems stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $63.50, for a total transaction of $612,330.50. Following the sale, the executive vice president now directly owns 181,186 shares in the company, valued at $11,505,311. The trade was a 5.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Maria Victoria Wong sold 762 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,335 shares of company stock valued at $6,271,054 over the last 90 days. 0.01% of the stock is owned by corporate insiders.

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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