Stratos Investment Management LLC Has $2.47 Million Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Stratos Investment Management LLC raised its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 19.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,067 shares of the network equipment provider's stock after acquiring an additional 6,561 shares during the period. Stratos Investment Management LLC's holdings in Cisco Systems were worth $2,473,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CSCO. Navigoe LLC acquired a new position in Cisco Systems in the 4th quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC acquired a new position in Cisco Systems in the 4th quarter valued at approximately $26,000. JDM Financial Group LLC raised its holdings in 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 acquiring an additional 300 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new position in Cisco Systems in the 4th quarter valued at approximately $30,000. Finally, Campbell Capital Management Inc. acquired a new position in Cisco Systems in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Cisco Systems Trading Down 1.2%

CSCO traded down $0.81 during mid-day trading on Friday, reaching $67.95. The stock had a trading volume of 14,698,247 shares, compared to its average volume of 20,363,227. The stock has a market capitalization of $269.08 billion, a P/E ratio of 27.73, a P/E/G ratio of 4.11 and a beta of 0.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.87 and a current ratio of 0.95. The firm's fifty day simple moving average is $65.02 and its two-hundred day simple moving average is $61.81. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $69.78.

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

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Thursday, July 3rd will be given a $0.41 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.41%. Cisco Systems's payout ratio is 66.94%.

Insider Transactions at Cisco Systems

In related news, EVP Oliver Tuszik sold 15,000 shares of Cisco Systems stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $63.53, for a total transaction of $952,950.00. Following the completion of the sale, the executive vice president directly owned 131,676 shares of the company's stock, valued at $8,365,376.28. The trade was a 10.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard Scott Herren sold 15,678 shares of Cisco Systems stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $65.52, for a total value of $1,027,222.56. Following the sale, the chief financial officer directly owned 309,543 shares of the company's stock, valued at approximately $20,281,257.36. This trade represents a 4.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 97,335 shares of company stock worth $6,271,054. Corporate insiders own 0.01% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company raised Cisco Systems from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $72.00 to $75.00 in a report on Thursday, May 15th. Wolfe Research assumed coverage on Cisco Systems in a report on Tuesday. They issued a "peer perform" rating for the company. Citigroup increased their target price on Cisco Systems from $68.00 to $71.00 and gave the stock 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. Finally, KeyCorp assumed coverage on Cisco Systems in a report on Thursday, June 26th. They issued an "overweight" rating and a $77.00 target price for the company. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.53.

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.