Transcend Capital Advisors LLC Has $3.01 Million Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Transcend Capital Advisors LLC raised its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 8.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,804 shares of the network equipment provider's stock after purchasing an additional 3,678 shares during the quarter. Transcend Capital Advisors LLC's holdings in Cisco Systems were worth $3,012,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Cisco Systems by 1.4% in the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 50,514 shares of the network equipment provider's stock valued at $3,117,000 after purchasing an additional 702 shares during the period. Diversified Trust Co increased its position in shares of Cisco Systems by 35.9% in the first quarter. Diversified Trust Co now owns 104,965 shares of the network equipment provider's stock valued at $6,477,000 after acquiring an additional 27,712 shares during the last quarter. Board of the Pension Protection Fund increased its position in shares of Cisco Systems by 134.0% in the first quarter. Board of the Pension Protection Fund now owns 12,400 shares of the network equipment provider's stock valued at $765,000 after acquiring an additional 7,100 shares during the last quarter. Nadler Financial Group Inc. increased its position in shares of Cisco Systems by 2.8% in the first quarter. Nadler Financial Group Inc. now owns 9,697 shares of the network equipment provider's stock valued at $598,000 after acquiring an additional 260 shares during the last quarter. Finally, PDS Planning Inc increased its position in shares of Cisco Systems by 11.2% in the first quarter. PDS Planning Inc now owns 22,443 shares of the network equipment provider's stock valued at $1,385,000 after acquiring an additional 2,256 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of recent research reports. Wall Street Zen raised Cisco Systems from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. KeyCorp initiated coverage on Cisco Systems in a research report on Thursday. They issued an "overweight" rating and a $77.00 target price on the stock. New Street Research reaffirmed a "neutral" rating and issued a $70.00 target price on shares of Cisco Systems in a research report on Friday, May 16th. Wells Fargo & Company raised Cisco Systems from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $72.00 to $75.00 in a research report on Thursday, May 15th. Finally, Barclays reiterated an "equal weight" rating on shares of Cisco Systems in a report on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Cisco Systems has an average rating of "Moderate Buy" and an average target price of $69.53.

Cisco Systems Stock Up 1.1%

NASDAQ CSCO opened at $68.95 on Friday. 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, Inc. has a 1-year low of $44.50 and a 1-year high of $69.25. The company has a 50 day moving average of $62.31 and a 200-day moving average of $61.02. The company has a market cap of $273.04 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 4.08 and a beta of 0.88.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results 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 company had revenue of $14.15 billion during the quarter, compared to the consensus estimate of $14.05 billion. During the same period in the previous year, the business earned $0.88 earnings per share. The firm's quarterly revenue was up 11.4% on a year-over-year basis. On average, equities research analysts expect 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. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.64 annualized dividend and a yield of 2.38%. Cisco Systems's dividend payout ratio is currently 66.94%.

Insider Buying and Selling at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 9,643 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $63.50, for a total transaction of $612,330.50. Following the completion of the transaction, the executive vice president now directly owns 181,186 shares in the company, valued at approximately $11,505,311. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles Robbins sold 29,784 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $64.61, for a total transaction of $1,924,344.24. Following the transaction, the chief executive officer now owns 688,409 shares of the company's stock, valued at $44,478,105.49. This trade represents a 4.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,335 shares of company stock worth $6,271,054 over the last three months. Corporate insiders own 0.01% of the company's stock.

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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