First Personal Financial Services Boosts Holdings in Cisco Systems, Inc. (CSCO)

First Personal Financial Services raised its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 8.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 136,043 shares of the network equipment provider’s stock after acquiring an additional 10,740 shares during the period. First Personal Financial Services’ holdings in Cisco Systems were worth $4,258,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Eads & Heald Investment Counsel boosted its position in shares of Cisco Systems by 15.7% in the second quarter. Eads & Heald Investment Counsel now owns 42,453 shares of the network equipment provider’s stock worth $1,329,000 after buying an additional 5,765 shares during the period. Stratos Wealth Partners LTD. boosted its position in shares of Cisco Systems by 10.4% in the second quarter. Stratos Wealth Partners LTD. now owns 152,990 shares of the network equipment provider’s stock worth $4,789,000 after buying an additional 14,395 shares during the period. Washington Trust Bank boosted its position in shares of Cisco Systems by 2.5% in the second quarter. Washington Trust Bank now owns 113,153 shares of the network equipment provider’s stock worth $3,542,000 after buying an additional 2,726 shares during the period. Holderness Investments Co. boosted its position in shares of Cisco Systems by 12.1% in the first quarter. Holderness Investments Co. now owns 66,740 shares of the network equipment provider’s stock worth $2,256,000 after buying an additional 7,186 shares during the period. Finally, Pioneer Investment Management Inc. boosted its position in shares of Cisco Systems by 5.2% in the first quarter. Pioneer Investment Management Inc. now owns 8,258,748 shares of the network equipment provider’s stock worth $279,146,000 after buying an additional 408,875 shares during the period. 75.22% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Mark D. Chandler sold 65,000 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $32.43, for a total value of $2,107,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Prat Bhatt sold 25,638 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $821,954.28. Following the completion of the sale, the chief accounting officer now owns 119,996 shares of the company’s stock, valued at approximately $3,847,071.76. The disclosure for this sale can be found here. Insiders sold 485,138 shares of company stock valued at $15,347,574 in the last 90 days. Corporate insiders own 0.05% of the company’s stock.

Several brokerages have recently weighed in on CSCO. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $36.00 target price on shares of Cisco Systems in a research report on Wednesday. Credit Suisse Group reaffirmed a “buy” rating on shares of Cisco Systems in a research report on Thursday, August 10th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $38.00 target price on shares of Cisco Systems in a research report on Sunday, August 20th. BMO Capital Markets reaffirmed a “hold” rating and issued a $32.00 target price on shares of Cisco Systems in a research report on Thursday, September 28th. Finally, Vetr downgraded Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 target price for the company. in a research report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $35.31.

Shares of Cisco Systems, Inc. (CSCO) opened at $34.04 on Wednesday. The stock has a market capitalization of $168,113.00, a price-to-earnings ratio of 15.65, a PEG ratio of 2.97 and a beta of 1.15. Cisco Systems, Inc. has a 1-year low of $29.12 and a 1-year high of $34.75. The company has a quick ratio of 2.98, a current ratio of 3.03 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.61. The company had revenue of $12.13 billion during the quarter, compared to analyst estimates of $12.07 billion. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 earnings per share. sell-side analysts expect that Cisco Systems, Inc. will post 2.18 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Thursday, October 5th were issued a $0.29 dividend. The ex-dividend date was Wednesday, October 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.41%. Cisco Systems’s payout ratio is currently 60.73%.

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Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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