LRI Investments LLC Has $1.19 Million Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

LRI Investments LLC increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 104.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,514 shares of the network equipment provider's stock after purchasing an additional 10,472 shares during the quarter. LRI Investments LLC's holdings in Cisco Systems were worth $1,188,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSCO. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Cisco Systems by 59.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 775,559 shares of the network equipment provider's stock worth $36,847,000 after buying an additional 288,775 shares during the period. Morse Asset Management Inc purchased a new position in Cisco Systems during the 3rd quarter valued at about $798,000. Citizens Financial Group Inc. RI increased its holdings in shares of Cisco Systems by 24.4% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 264,647 shares of the network equipment provider's stock valued at $12,573,000 after purchasing an additional 51,924 shares during the period. HighVista Strategies LLC purchased a new stake in shares of Cisco Systems in the third quarter worth approximately $1,698,000. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Cisco Systems by 10.9% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 1,658,417 shares of the network equipment provider's stock worth $88,261,000 after purchasing an additional 162,544 shares during the period. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Buying and Selling

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 1,328 shares of the firm's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $48.92, for a total transaction of $64,965.76. Following the completion of the transaction, the executive vice president now owns 132,910 shares in the company, valued at $6,501,957.20. This trade represents a 0.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Maria Victoria Wong sold 638 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $49.09, for a total value of $31,319.42. Following the completion of the sale, the senior vice president now owns 46,017 shares in the company, valued at approximately $2,258,974.53. This represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 351,860 shares of company stock valued at $20,231,558 over the last ninety days. 0.01% of the stock is owned by company insiders.

Cisco Systems Stock Performance

CSCO stock traded down $0.94 on Monday, reaching $58.95. 16,504,366 shares of the company were exchanged, compared to its average volume of 19,049,408. The firm has a market capitalization of $234.78 billion, a PE ratio of 25.70, a PEG ratio of 4.46 and a beta of 0.85. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $60.23. The stock's fifty day moving average price is $56.53 and its 200 day moving average price is $50.96. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The company had revenue of $13.84 billion for the quarter, compared to the consensus estimate of $13.78 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The business's revenue was down 5.6% compared to the same quarter last year. On average, research analysts anticipate that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.71%. Cisco Systems's payout ratio is 68.67%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Morgan Stanley boosted their price target on shares of Cisco Systems from $58.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. New Street Research upgraded Cisco Systems from a "neutral" rating to a "buy" rating and set a $57.00 price target for the company in a report on Thursday, August 15th. Wells Fargo & Company increased their price objective on Cisco Systems from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Thursday, November 14th. Needham & Company LLC reiterated a "hold" rating on shares of Cisco Systems in a research note on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Cisco Systems from $52.00 to $53.00 and gave the stock a "hold" rating in a research note on Thursday, August 15th. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Cisco Systems has a consensus rating of "Moderate Buy" and an average target price of $59.94.

Cisco Systems Profile

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.