Cisco Systems, Inc. (NASDAQ:CSCO) Shares Acquired by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC grew its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 5,231.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,935,107 shares of the network equipment provider’s stock after purchasing an additional 4,842,542 shares during the period. Cisco Systems accounts for 2.6% of Pathway Financial Advisers LLC’s portfolio, making the stock its 13th biggest position. Pathway Financial Advisers LLC’s holdings in Cisco Systems were worth $262,646,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Adell Harriman & Carpenter Inc. boosted its position in shares of Cisco Systems by 6.4% in the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 193,806 shares of the network equipment provider’s stock valued at $10,314,000 after purchasing an additional 11,657 shares during the period. Avitas Wealth Management LLC boosted its stake in Cisco Systems by 1.4% during the 3rd quarter. Avitas Wealth Management LLC now owns 36,963 shares of the network equipment provider’s stock worth $1,967,000 after purchasing an additional 518 shares during the period. Nicholas Hoffman & Company LLC. boosted its stake in Cisco Systems by 2.6% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 33,858 shares of the network equipment provider’s stock worth $1,802,000 after purchasing an additional 847 shares during the period. Fidelis Capital Partners LLC boosted its stake in Cisco Systems by 7.6% during the 3rd quarter. Fidelis Capital Partners LLC now owns 63,799 shares of the network equipment provider’s stock worth $3,591,000 after purchasing an additional 4,510 shares during the period. Finally, Valmark Advisers Inc. boosted its stake in Cisco Systems by 3.0% during the 3rd quarter. Valmark Advisers Inc. now owns 42,090 shares of the network equipment provider’s stock worth $2,240,000 after purchasing an additional 1,227 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Charles Robbins sold 27,143 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $49.45, for a total value of $1,342,221.35. Following the completion of the transaction, the chief executive officer now directly owns 683,403 shares in the company, valued at approximately $33,794,278.35. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Cisco Systems news, CFO Richard Scott Herren sold 22,309 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $50.00, for a total transaction of $1,115,450.00. Following the completion of the sale, the chief financial officer now owns 293,184 shares of the company’s stock, valued at approximately $14,659,200. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles Robbins sold 27,143 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $49.45, for a total value of $1,342,221.35. Following the completion of the transaction, the chief executive officer now owns 683,403 shares in the company, valued at approximately $33,794,278.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 70,529 shares of company stock valued at $3,509,049 in the last quarter. 0.01% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CSCO has been the subject of a number of recent research reports. New Street Research upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Thursday, August 15th. Rosenblatt Securities lifted their target price on Cisco Systems from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. StockNews.com upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research note on Monday. Hsbc Global Res upgraded Cisco Systems to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Jefferies Financial Group lowered their target price on Cisco Systems from $56.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $56.74.

Cisco Systems Stock Up 0.7 %

Shares of NASDAQ CSCO opened at $55.68 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.91 and a quick ratio of 0.83. The firm’s 50-day moving average is $52.34 and its two-hundred day moving average is $48.95. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $57.06. The company has a market capitalization of $222.20 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 4.22 and a beta of 0.83.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. Cisco Systems had a return on equity of 27.83% and a net margin of 19.18%. The company had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $13.53 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. Equities analysts anticipate that Cisco Systems, Inc. will post 2.9 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd were issued a $0.40 dividend. The ex-dividend date was Wednesday, October 2nd. This represents a $1.60 annualized dividend and a yield of 2.87%. Cisco Systems’s dividend payout ratio (DPR) is presently 62.99%.

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.