Integrity Financial Corp WA Grows Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Integrity Financial Corp WA raised its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.4% during the third quarter, HoldingsChannel reports. The firm owned 9,575 shares of the network equipment provider’s stock after buying an additional 400 shares during the quarter. Integrity Financial Corp WA’s holdings in Cisco Systems were worth $510,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Waterway Wealth Management LLC raised its position in shares of Cisco Systems by 15.6% during the 3rd quarter. Waterway Wealth Management LLC now owns 11,692 shares of the network equipment provider’s stock worth $622,000 after acquiring an additional 1,578 shares in the last quarter. Horst & Graben Wealth Management LLC grew its position in shares of Cisco Systems by 5.8% in the 3rd quarter. Horst & Graben Wealth Management LLC now owns 14,879 shares of the network equipment provider’s stock valued at $792,000 after buying an additional 819 shares during the last quarter. Mandatum Life Insurance Co Ltd acquired a new stake in Cisco Systems during the 3rd quarter worth $7,451,000. Border to Coast Pensions Partnership Ltd lifted its position in Cisco Systems by 4.5% in the third quarter. Border to Coast Pensions Partnership Ltd now owns 682,827 shares of the network equipment provider’s stock valued at $36,234,000 after acquiring an additional 29,129 shares during the last quarter. Finally, Cassia Capital Partners LLC boosted its stake in Cisco Systems by 1.5% in the third quarter. Cassia Capital Partners LLC now owns 13,083 shares of the network equipment provider’s stock valued at $696,000 after acquiring an additional 195 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 7,462 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 165,580 shares in the company, valued at $8,181,307.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Maria Victoria Wong sold 638 shares of the company’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 sale, the senior vice president now owns 46,017 shares in the company, valued at approximately $2,258,974.53. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 7,462 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $49.41, for a total value of $368,697.42. Following the completion of the sale, the executive vice president now directly owns 165,580 shares of the company’s stock, valued at approximately $8,181,307.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 70,529 shares of company stock valued at $3,509,049 over the last quarter. Company insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CSCO. Deutsche Bank Aktiengesellschaft boosted their target price on Cisco Systems from $52.00 to $53.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a research note on Thursday, August 15th. Piper Sandler restated a “neutral” rating and set a $52.00 price target on shares of Cisco Systems in a research note on Thursday, August 15th. Tigress Financial boosted their price objective on shares of Cisco Systems from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Finally, Rosenblatt Securities upped their price target on Cisco Systems from $56.00 to $58.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Cisco Systems presently has a consensus rating of “Hold” and a consensus target price of $56.74.

Cisco Systems Trading Down 0.3 %

CSCO stock opened at $56.59 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 0.43. The company has a market cap of $227.99 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 4.22 and a beta of 0.83. The business has a fifty day simple moving average of $51.41 and a 200-day simple moving average of $48.66. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $57.06.

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

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Wednesday, October 2nd. Cisco Systems’s dividend payout ratio is presently 53.87%.

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.