Saxon Interests Inc. Invests $322,000 in Cisco Systems, Inc. (NASDAQ:CSCO)

Saxon Interests Inc. bought a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,216 shares of the network equipment provider's stock, valued at approximately $322,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CSCO. Navigoe LLC acquired a new stake in Cisco Systems during the fourth quarter worth about $26,000. Mpwm Advisory Solutions LLC purchased a new position in Cisco Systems during the 4th quarter valued at about $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 purchasing an additional 300 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new position in shares of Cisco Systems in the fourth quarter worth $30,000. Finally, Campbell Capital Management Inc. purchased a new stake in Cisco Systems during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CSCO shares. Morgan Stanley restated a "hold" rating on shares of Cisco Systems in a report on Wednesday, May 21st. 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. Wall Street Zen raised Cisco Systems from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Citigroup boosted their price objective on shares of Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, KeyCorp initiated coverage on Cisco Systems in a research report on Thursday, June 26th. They set an "overweight" rating and a $77.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $69.53.

Insider Buying and Selling

In other news, EVP Deborah L. Stahlkopf sold 9,643 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $63.50, for a total value of $612,330.50. Following the completion of the sale, the executive vice president owned 181,186 shares of the company's stock, valued at $11,505,311. This represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Oliver Tuszik sold 15,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $63.53, for a total value of $952,950.00. Following the completion of the transaction, the executive vice president directly owned 131,676 shares in the company, valued at $8,365,376.28. This trade represents a 10.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,335 shares of company stock worth $6,271,054 over the last 90 days. Company insiders own 0.01% of the company's stock.

Cisco Systems Price Performance

Shares of CSCO traded down $0.72 during mid-day trading on Wednesday, reaching $68.38. 4,677,326 shares of the company's stock were exchanged, compared to its average volume of 20,242,237. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $69.78. The company has a market cap of $270.78 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 4.15 and a beta of 0.90. The company has a 50-day simple moving average of $63.15 and a two-hundred day simple moving average of $61.25. 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 (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 for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $14.05 billion. During the same quarter in the previous year, the business posted $0.88 earnings per share. The company's revenue was up 11.4% on a year-over-year basis. On average, sell-side analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently announced 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. The ex-dividend date is Thursday, July 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.40%. Cisco Systems's dividend payout ratio is presently 66.94%.

About Cisco Systems

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.