Cisco Systems, Inc. (NASDAQ:CSCO) Shares Acquired by Brucke Financial Inc.

Brucke Financial Inc. lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 96.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 9,721 shares of the network equipment provider’s stock after buying an additional 4,769 shares during the period. Brucke Financial Inc.’s holdings in Cisco Systems were worth $561,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CSCO. Glass Jacobson Investment Advisors llc raised its stake in Cisco Systems by 8.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 2,070 shares of the network equipment provider’s stock valued at $123,000 after purchasing an additional 166 shares during the last quarter. Legacy Financial Group Inc. raised its stake in Cisco Systems by 3.4% in the 4th quarter. Legacy Financial Group Inc. now owns 5,100 shares of the network equipment provider’s stock valued at $302,000 after purchasing an additional 169 shares during the last quarter. Capital Advantage Inc. raised its stake in Cisco Systems by 1.0% in the 4th quarter. Capital Advantage Inc. now owns 17,361 shares of the network equipment provider’s stock valued at $1,028,000 after purchasing an additional 172 shares during the last quarter. Wealthstream Advisors Inc. boosted its position in shares of Cisco Systems by 5.5% during the 1st quarter. Wealthstream Advisors Inc. now owns 3,687 shares of the network equipment provider’s stock valued at $228,000 after acquiring an additional 191 shares during the last quarter. Finally, EdgeRock Capital LLC grew its stake in shares of Cisco Systems by 3.9% in the 1st quarter. EdgeRock Capital LLC now owns 5,232 shares of the network equipment provider’s stock valued at $323,000 after buying an additional 197 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 8,726 shares of Cisco Systems stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $65.54, for a total value of $571,902.04. Following the sale, the executive vice president directly owned 174,669 shares in the company, valued at $11,447,806.26. The trade was a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 2,407 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $64.01, for a total value of $154,072.07. Following the sale, the executive vice president owned 177,027 shares in the company, valued at approximately $11,331,498.27. This trade represents a 1.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,335 shares of company stock valued at $6,271,054. 0.01% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Rosenblatt Securities boosted 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. Citigroup increased their price target on Cisco Systems from $68.00 to $71.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft raised Cisco Systems from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $65.00 to $73.00 in a research report on Monday, June 16th. New Street Research reissued a “neutral” rating and set a $70.00 price objective on shares of Cisco Systems in a research report on Friday, May 16th. Finally, Barclays reissued an “equal weight” rating on shares of Cisco Systems in a research report on Wednesday, May 21st. Eight investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.35.

Cisco Systems Trading Down 1.1%

Shares of CSCO stock opened at $67.92 on Tuesday. The business’s 50 day moving average is $66.51 and its two-hundred day moving average is $62.52. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $69.78. The company has a market capitalization of $268.96 billion, a P/E ratio of 27.72, a price-to-earnings-growth ratio of 4.11 and a beta of 0.90. The company has a current ratio of 0.95, a quick ratio of 0.87 and a debt-to-equity ratio of 0.50.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. Cisco Systems had a return on equity of 26.48% and a net margin of 17.60%. The company had revenue of $14.15 billion for the quarter, compared to the consensus estimate of $14.05 billion. During the same period last year, the business posted $0.88 EPS. The company’s revenue was up 11.4% on a year-over-year basis. Equities analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Thursday, July 3rd were paid a $0.41 dividend. The ex-dividend date was Thursday, July 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.41%. Cisco Systems’s dividend payout ratio (DPR) is presently 66.94%.

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.