Cisco Systems, Inc. (CSCO) is LJ TRUST Co LLC’s 3rd Largest Position
LJ TRUST Co LLC maintained its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,171,618 shares of the network equipment provider’s stock at the end of the first quarter. Cisco Systems accounts for approximately 5.3% of LJ TRUST Co LLC’s investment portfolio, making the stock its 3rd largest position. LJ TRUST Co LLC’s holdings in Cisco Systems were worth $39,601,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Financial Management Professionals Inc. raised its position in shares of Cisco Systems by 17.7% in the first quarter. Financial Management Professionals Inc. now owns 4,218 shares of the network equipment provider’s stock worth $118,000 after buying an additional 635 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Cisco Systems during the fourth quarter worth approximately $128,000. Jackson Grant Investment Advisers Inc. raised its position in shares of Cisco Systems by 4,150.0% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 4,250 shares of the network equipment provider’s stock worth $128,000 after buying an additional 4,150 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Cisco Systems by 15.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,300 shares of the network equipment provider’s stock worth $145,000 after buying an additional 560 shares during the period. Finally, Baystate Wealth Management LLC raised its position in shares of Cisco Systems by 24.5% in the first quarter. Baystate Wealth Management LLC now owns 7,537 shares of the network equipment provider’s stock worth $146,000 after buying an additional 1,484 shares during the period. Institutional investors own 75.28% of the company’s stock.
Cisco Systems, Inc. (NASDAQ CSCO) traded down 4.159% on Thursday, reaching $30.995. 18,911,526 shares of the company’s stock were exchanged. The company has a market cap of $154.98 billion, a PE ratio of 15.734 and a beta of 1.24. Cisco Systems, Inc. has a 52-week low of $29.12 and a 52-week high of $34.60. The firm’s 50 day moving average price is $31.54 and its 200 day moving average price is $32.57. Cisco Systems also was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 24,568 put options on the stock. This is an increase of approximately 223% compared to the average volume of 7,606 put options.
Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.61 by $0.06. Cisco Systems had a return on equity of 17.31% and a net margin of 20.61%. The business had revenue of $12.13 billion during the quarter, compared to the consensus estimate of $12.07 billion. During the same quarter in the prior year, the firm posted $0.63 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, analysts expect that Cisco Systems, Inc. will post $2.38 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Friday, July 7th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend was Wednesday, July 5th. Cisco Systems’s dividend payout ratio is presently 58.29%.
CSCO has been the topic of a number of recent research reports. Vetr lowered shares of Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $37.03 price target on the stock. in a report on Wednesday, April 26th. Jefferies Group LLC reiterated a “buy” rating and set a $37.00 price target on shares of Cisco Systems in a report on Wednesday, April 26th. Robert W. Baird reiterated a “buy” rating on shares of Cisco Systems in a report on Monday, May 1st. Drexel Hamilton reiterated a “buy” rating and set a $40.00 price target on shares of Cisco Systems in a report on Tuesday, May 16th. Finally, Citigroup Inc. set a $36.00 price target on shares of Cisco Systems and gave the stock a “buy” rating in a report on Friday, May 19th. Fourteen equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $35.38.
In related news, SVP Rebecca Jacoby sold 92,840 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $31.71, for a total value of $2,943,956.40. Following the sale, the senior vice president now owns 271,725 shares in the company, valued at $8,616,399.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John T. Chambers sold 295,537 shares of the business’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $31.52, for a total transaction of $9,315,326.24. The disclosure for this sale can be found here. Insiders sold 396,179 shares of company stock worth $12,503,407 in the last 90 days. 0.11% of the stock is currently owned by company insiders.
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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