Twin Peaks Wealth Advisors LLC Invests $226,000 in Cisco Systems, Inc. (NASDAQ:CSCO)

Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,945 shares of the network equipment provider's stock, valued at approximately $226,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Donald L. Hagan LLC lifted its holdings in shares of Cisco Systems by 1.6% in the 1st quarter. Donald L. Hagan LLC now owns 28,380 shares of the network equipment provider's stock worth $1,751,000 after acquiring an additional 455 shares during the last quarter. Relyea Zuckerberg Hanson LLC boosted its position in shares of Cisco Systems by 1.2% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 29,729 shares of the network equipment provider's stock worth $1,835,000 after buying an additional 350 shares during the period. Osprey Private Wealth LLC grew its stake in shares of Cisco Systems by 28.6% in the first quarter. Osprey Private Wealth LLC now owns 48,485 shares of the network equipment provider's stock valued at $2,992,000 after buying an additional 10,785 shares in the last quarter. Paragon Capital Management Ltd raised its holdings in shares of Cisco Systems by 9.7% in the 1st quarter. Paragon Capital Management Ltd now owns 12,972 shares of the network equipment provider's stock valued at $801,000 after buying an additional 1,148 shares during the period. Finally, NorthCrest Asset Manangement LLC lifted its stake in Cisco Systems by 5.7% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 161,572 shares of the network equipment provider's stock worth $9,971,000 after acquiring an additional 8,703 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CSCO shares. Evercore ISI lifted their target price on Cisco Systems from $67.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Rosenblatt Securities lifted their price objective on shares of Cisco Systems from $63.00 to $74.00 and gave the company a "buy" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. increased their target price on shares of Cisco Systems from $70.00 to $73.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Barclays restated an "equal weight" rating on shares of Cisco Systems in a research note on Wednesday, May 21st. Finally, Wall Street Zen raised Cisco Systems from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $68.00.

Cisco Systems Stock Down 1.6%

Shares of NASDAQ CSCO traded down $1.01 during mid-day trading on Friday, reaching $64.09. The company had a trading volume of 14,630,776 shares, compared to its average volume of 20,161,810. The firm has a 50 day simple moving average of $60.47 and a two-hundred day simple moving average of $60.57. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $66.50. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. The stock has a market cap of $253.80 billion, a P/E ratio of 27.99, a PEG ratio of 4.16 and a beta of 0.88.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued 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 26.08% and a net margin of 16.96%. The company had revenue of $14.15 billion for the quarter, compared to analyst estimates of $14.05 billion. During the same quarter last year, the company posted $0.88 earnings per share. The business's quarterly revenue was up 11.4% compared to the same quarter last year. Sell-side analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The business 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 dividend on an annualized basis and a yield of 2.56%. Cisco Systems's payout ratio is 66.94%.

Insider Buying and Selling at Cisco Systems

In other news, SVP Maria Victoria Wong sold 762 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $64.07, for a total transaction of $48,821.34. Following the completion of the transaction, the senior vice president now directly owns 36,937 shares of the company's stock, valued at approximately $2,366,553.59. This represents a 2.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 9,643 shares of the firm's stock in a transaction that occurred 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 now directly owns 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,931 shares of company stock worth $4,671,930. 0.01% of the stock is currently owned by insiders.

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.