LaFleur & Godfrey LLC Sells 15,584 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

LaFleur & Godfrey LLC cut its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 14.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,154 shares of the network equipment provider's stock after selling 15,584 shares during the period. LaFleur & Godfrey LLC's holdings in Cisco Systems were worth $4,904,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Summit Securities Group LLC acquired a new stake in Cisco Systems in the second quarter valued at approximately $25,000. West Financial Advisors LLC raised its stake in Cisco Systems by 116.6% during the third quarter. West Financial Advisors LLC now owns 574 shares of the network equipment provider's stock worth $31,000 after acquiring an additional 309 shares in the last quarter. Quarry LP raised its position in Cisco Systems by 222.4% in the 2nd quarter. Quarry LP now owns 661 shares of the network equipment provider's stock valued at $31,000 after purchasing an additional 456 shares during the last quarter. Retirement Group LLC increased its position in Cisco Systems by 56.8% in the 1st quarter. Retirement Group LLC now owns 726 shares of the network equipment provider's stock valued at $36,000 after acquiring an additional 263 shares in the last quarter. Finally, Hobbs Group Advisors LLC bought a new position in Cisco Systems in the 2nd quarter worth approximately $36,000. 73.33% of the stock is currently owned by institutional investors.

Insider Transactions at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 638 shares of Cisco Systems stock in a transaction 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 directly owns 46,017 shares of the company's stock, valued at approximately $2,258,974.53. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP Maria Victoria Wong sold 638 shares of the company's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $49.09, for a total value of $31,319.42. Following the sale, the senior vice president now owns 46,017 shares in the company, valued at $2,258,974.53. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Deborah L. Stahlkopf sold 7,462 shares of the business's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $49.41, for a total value of $368,697.42. Following the sale, the executive vice president now directly owns 165,580 shares of the company's stock, valued at $8,181,307.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,529 shares of company stock valued at $3,509,049 in the last quarter. 0.02% of the stock is currently owned by company insiders.

Cisco Systems Trading Up 4.3 %

Shares of NASDAQ CSCO traded up $2.30 during trading on Wednesday, reaching $56.38. The company had a trading volume of 32,367,792 shares, compared to its average volume of 19,193,113. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $56.41. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 0.43. The stock has a market cap of $227.14 billion, a P/E ratio of 18.21, a PEG ratio of 4.22 and a beta of 0.83. The company's fifty day moving average price is $50.51 and its 200-day moving average price is $48.45.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The firm had revenue of $13.64 billion during the quarter, compared to analyst estimates of $13.53 billion. During the same quarter last year, the business earned $1.01 EPS. The company's revenue was down 10.3% compared to the same quarter last year. As a group, research analysts expect that Cisco Systems, Inc. will post 2.9 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.84%. The ex-dividend date is Wednesday, October 2nd. Cisco Systems's dividend payout ratio (DPR) is presently 53.87%.

Analyst Upgrades and Downgrades

CSCO has been the subject of a number of analyst reports. New Street Research raised shares of Cisco Systems from a "neutral" rating to a "buy" rating and set a $57.00 target price for the company in a report on Thursday, August 15th. Hsbc Global Res raised Cisco Systems to a "strong-buy" rating in a research report on Friday, August 16th. HSBC raised shares of Cisco Systems from a "hold" rating to a "buy" rating and upped their target price for the company from $46.00 to $58.00 in a report on Friday, August 16th. Rosenblatt Securities upped their price objective on shares of Cisco Systems from $56.00 to $58.00 and gave the company a "neutral" rating in a report on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective 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. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Cisco Systems has a consensus rating of "Hold" and a consensus price target of $56.74.

Cisco Systems Company 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.