Financial Management Professionals Inc. Increases Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Financial Management Professionals Inc. increased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 9,852 shares of the network equipment provider’s stock after purchasing an additional 295 shares during the period. Financial Management Professionals Inc.’s holdings in Cisco Systems were worth $524,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CSCO. Frank Rimerman Advisors LLC lifted its position in Cisco Systems by 13.6% during the third quarter. Frank Rimerman Advisors LLC now owns 72,778 shares of the network equipment provider’s stock valued at $3,873,000 after purchasing an additional 8,714 shares during the last quarter. Smith Salley Wealth Management lifted its holdings in shares of Cisco Systems by 0.9% in the 3rd quarter. Smith Salley Wealth Management now owns 68,758 shares of the network equipment provider’s stock valued at $3,659,000 after acquiring an additional 580 shares during the last quarter. Mattern Capital Management LLC grew its position in Cisco Systems by 0.6% in the third quarter. Mattern Capital Management LLC now owns 169,711 shares of the network equipment provider’s stock worth $9,032,000 after acquiring an additional 1,046 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Cisco Systems by 4.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 8,586,581 shares of the network equipment provider’s stock worth $452,526,000 after acquiring an additional 347,061 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its position in Cisco Systems by 2.2% during the third quarter. GHP Investment Advisors Inc. now owns 183,353 shares of the network equipment provider’s stock valued at $9,758,000 after purchasing an additional 3,879 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Activity at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 638 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $49.09, for a total value of $31,319.42. Following the completion of the transaction, the senior vice president now directly owns 46,017 shares in the company, valued at approximately $2,258,974.53. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Cisco Systems news, SVP Maria Victoria Wong sold 638 shares of Cisco Systems stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $49.09, for a total value of $31,319.42. Following the transaction, the senior vice president now directly owns 46,017 shares of the company’s stock, valued at approximately $2,258,974.53. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deborah L. Stahlkopf sold 7,462 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $49.41, for a total value of $368,697.42. Following the transaction, the executive vice president now directly owns 165,580 shares in the company, valued at approximately $8,181,307.80. The trade was 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 over the last quarter. 0.02% of the stock is owned by corporate insiders.

Cisco Systems Trading Down 0.4 %

NASDAQ CSCO opened at $55.74 on Friday. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $57.06. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.83 and a current ratio of 0.91. The company has a market capitalization of $224.57 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 4.22 and a beta of 0.83. The company’s 50-day simple moving average is $52.12 and its two-hundred day simple moving average is $48.86.

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

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Wednesday, October 2nd. Cisco Systems’s dividend payout ratio (DPR) is currently 53.87%.

Analyst Ratings Changes

A number of brokerages have recently commented on CSCO. Barclays dropped their target price on Cisco Systems from $50.00 to $49.00 and set an “equal weight” rating for the company in a report on Thursday, August 15th. Hsbc Global Res raised shares of Cisco Systems to a “strong-buy” rating in a research note on Friday, August 16th. Evercore ISI increased their target price on shares of Cisco Systems from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Jefferies Financial Group dropped their price target on shares of Cisco Systems from $56.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, Citigroup raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $52.00 to $62.00 in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $56.74.

Cisco Systems Company 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.