Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 375,666 shares of the network equipment provider’s stock after acquiring an additional 1,869 shares during the period. Cisco Systems makes up approximately 2.3% of LVM Capital Management Ltd. MI’s investment portfolio, making the stock its 11th largest position. LVM Capital Management Ltd. MI’s holdings in Cisco Systems were worth $16,018,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Signature Wealth Management Group raised its holdings in Cisco Systems by 5.5% in the 2nd quarter. Signature Wealth Management Group now owns 75,620 shares of the network equipment provider’s stock valued at $3,224,000 after acquiring an additional 3,963 shares during the last quarter. Krilogy Financial LLC increased its holdings in shares of Cisco Systems by 22.8% during the 2nd quarter. Krilogy Financial LLC now owns 14,420 shares of the network equipment provider’s stock worth $615,000 after buying an additional 2,682 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of Cisco Systems by 7.3% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 52,372 shares of the network equipment provider’s stock worth $2,233,000 after buying an additional 3,580 shares during the last quarter. Pittenger & Anderson Inc. increased its holdings in shares of Cisco Systems by 3.9% during the 2nd quarter. Pittenger & Anderson Inc. now owns 206,563 shares of the network equipment provider’s stock worth $8,808,000 after buying an additional 7,658 shares during the last quarter. Finally, Butensky & Cohen Financial Security Inc. increased its holdings in shares of Cisco Systems by 4.7% during the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 81,464 shares of the network equipment provider’s stock worth $3,474,000 after buying an additional 3,685 shares during the last quarter. Institutional investors and hedge funds own 71.71% of the company’s stock.

Cisco Systems Price Performance

Cisco Systems stock opened at $41.15 on Friday. The stock has a market cap of $169.08 billion, a P/E ratio of 14.59, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. The company has a fifty day simple moving average of $45.11 and a 200-day simple moving average of $47.52. Cisco Systems, Inc. has a 12-month low of $40.82 and a 12-month high of $64.29. The company has a current ratio of 1.43, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21.

Cisco Systems (NASDAQ:CSCOGet Rating) last released its quarterly earnings data on Wednesday, August 17th. The network equipment provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The business had revenue of $13.10 billion during the quarter, compared to analysts’ expectations of $12.78 billion. Cisco Systems had a net margin of 22.91% and a return on equity of 31.12%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the company earned $0.76 EPS. Equities analysts expect that Cisco Systems, Inc. will post 3.1 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be paid a dividend of $0.38 per share. The ex-dividend date is Tuesday, October 4th. This represents a $1.52 annualized dividend and a yield of 3.69%. Cisco Systems’s dividend payout ratio is currently 53.90%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CSCO. Cowen raised their price target on shares of Cisco Systems from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, August 18th. Citigroup increased their price objective on shares of Cisco Systems from $40.00 to $44.00 and gave the stock a “sell” rating in a research report on Thursday, August 18th. Rosenblatt Securities increased their price objective on shares of Cisco Systems from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, August 18th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Cisco Systems from $51.00 to $54.00 in a research report on Friday, August 19th. Finally, Evercore ISI increased their price objective on shares of Cisco Systems from $50.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $54.10.

Insider Buying and Selling

In related news, CEO Charles Robbins sold 12,716 shares of Cisco Systems stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $47.14, for a total transaction of $599,432.24. Following the sale, the chief executive officer now directly owns 631,374 shares in the company, valued at approximately $29,762,970.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Prat Bhatt sold 19,168 shares of Cisco Systems stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $848,759.04. Following the sale, the senior vice president now directly owns 38,158 shares in the company, valued at approximately $1,689,636.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles Robbins sold 12,716 shares of Cisco Systems stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $47.14, for a total transaction of $599,432.24. Following the sale, the chief executive officer now owns 631,374 shares in the company, valued at $29,762,970.36. The disclosure for this sale can be found here. Insiders have sold 56,317 shares of company stock worth $2,612,042 in the last ninety days. 0.02% of the stock is owned by corporate insiders.

About Cisco Systems

(Get Rating)

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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

Featured Stories

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

Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.