Isthmus Partners LLC Sells 1,642 Shares of Cisco Systems, Inc. (CSCO)
Isthmus Partners LLC lowered its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 196,929 shares of the network equipment provider’s stock after selling 1,642 shares during the quarter. Cisco Systems comprises about 1.9% of Isthmus Partners LLC’s investment portfolio, making the stock its 22nd biggest position. Isthmus Partners LLC’s holdings in Cisco Systems were worth $6,623,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. Annex Advisory Services LLC grew its stake in Cisco Systems by 8.6% in the 3rd quarter. Annex Advisory Services LLC now owns 29,368 shares of the network equipment provider’s stock valued at $988,000 after buying an additional 2,328 shares during the last quarter. Becker Capital Management Inc. grew its stake in Cisco Systems by 24.2% in the 3rd quarter. Becker Capital Management Inc. now owns 1,721,983 shares of the network equipment provider’s stock valued at $57,910,000 after buying an additional 335,067 shares during the last quarter. Penobscot Investment Management Company Inc. grew its stake in Cisco Systems by 2.1% in the 3rd quarter. Penobscot Investment Management Company Inc. now owns 103,700 shares of the network equipment provider’s stock valued at $3,487,000 after buying an additional 2,130 shares during the last quarter. Cambridge Trust Co. grew its stake in Cisco Systems by 1.2% in the 3rd quarter. Cambridge Trust Co. now owns 575,284 shares of the network equipment provider’s stock valued at $19,347,000 after buying an additional 7,019 shares during the last quarter. Finally, Lincluden Management Ltd. grew its stake in Cisco Systems by 0.3% in the 3rd quarter. Lincluden Management Ltd. now owns 439,526 shares of the network equipment provider’s stock valued at $14,781,000 after buying an additional 1,510 shares during the last quarter. Institutional investors and hedge funds own 75.60% of the company’s stock.
In other Cisco Systems news, CAO Prat Bhatt sold 2,606 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total value of $95,092.94. Following the completion of the transaction, the chief accounting officer now directly owns 89,184 shares of the company’s stock, valued at $3,254,324.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Karen Walker sold 5,786 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $211,131.14. Following the completion of the transaction, the senior vice president now directly owns 176,418 shares of the company’s stock, valued at $6,437,492.82. The disclosure for this sale can be found here. Insiders have sold a total of 348,643 shares of company stock valued at $12,892,271 over the last three months. 0.05% of the stock is currently owned by insiders.
Cisco Systems, Inc. (CSCO) opened at $41.20 on Thursday. Cisco Systems, Inc. has a 1-year low of $29.84 and a 1-year high of $41.32. The stock has a market cap of $203,680.00, a PE ratio of 21.35, a P/E/G ratio of 3.67 and a beta of 1.19. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39.
Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The firm had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same period last year, the firm posted $0.61 EPS. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. equities analysts predict that Cisco Systems, Inc. will post 2.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Friday, January 5th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.82%. The ex-dividend date is Thursday, January 4th. Cisco Systems’s dividend payout ratio is currently 60.10%.
WARNING: This news story was published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.watchlistnews.com/isthmus-partners-llc-sells-1642-shares-of-cisco-systems-inc-csco/1811861.html.
About Cisco Systems
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).
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.