30,031 Shares in Cisco Systems, Inc. (NASDAQ:CSCO) Bought by Raelipskie Partnership

Raelipskie Partnership bought a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 30,031 shares of the network equipment provider's stock, valued at approximately $1,598,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Aviso Wealth Management increased its position in shares of Cisco Systems by 2.4% in the third quarter. Aviso Wealth Management now owns 7,615 shares of the network equipment provider's stock valued at $405,000 after acquiring an additional 181 shares during the period. Waypoint Capital Advisors LLC raised its position in Cisco Systems by 2.9% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 6,497 shares of the network equipment provider's stock valued at $346,000 after purchasing an additional 182 shares during the last quarter. Andina Capital Management LLC lifted its holdings in Cisco Systems by 3.6% in the 3rd quarter. Andina Capital Management LLC now owns 5,249 shares of the network equipment provider's stock worth $279,000 after buying an additional 182 shares during the period. Wealth Dimensions Group Ltd. increased its stake in shares of Cisco Systems by 1.6% during the third quarter. Wealth Dimensions Group Ltd. now owns 11,372 shares of the network equipment provider's stock valued at $605,000 after buying an additional 182 shares during the period. Finally, Meridian Financial Partners LLC lifted its stake in Cisco Systems by 3.8% in the third quarter. Meridian Financial Partners LLC now owns 5,020 shares of the network equipment provider's stock worth $267,000 after acquiring an additional 185 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on CSCO. Jefferies Financial Group decreased their price objective on shares of Cisco Systems from $56.00 to $53.00 and set a "buy" rating for the company in a report on Thursday, August 15th. Evercore ISI raised their price objective on shares of Cisco Systems from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Friday, September 20th. Hsbc Global Res upgraded Cisco Systems to a "strong-buy" rating in a report on Friday, August 16th. Bank of America raised their target price on Cisco Systems from $60.00 to $72.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Finally, Rosenblatt Securities upped their price target on Cisco Systems from $56.00 to $58.00 and gave the stock a "neutral" rating in a research note on Thursday, August 15th. Ten investment 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 stock. According to data from MarketBeat.com, Cisco Systems has a consensus rating of "Moderate Buy" and a consensus target price of $59.94.

Cisco Systems Stock Down 1.6 %

CSCO traded down $0.94 during trading on Monday, hitting $58.95. 16,506,359 shares of the company's stock traded hands, compared to its average volume of 19,049,408. The stock has a market capitalization of $234.78 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 4.46 and a beta of 0.85. The company's 50 day simple moving average is $56.53 and its two-hundred day simple moving average is $50.96. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $60.23. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43.

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

Cisco Systems Announces Dividend

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

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 638 shares of the 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 transaction, the senior vice president now directly owns 46,017 shares in the company, valued at approximately $2,258,974.53. This trade represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thimaya K. Subaiya sold 1,328 shares of the business's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $48.92, for a total transaction of $64,965.76. Following the sale, the executive vice president now directly owns 132,910 shares of the company's stock, valued at approximately $6,501,957.20. The trade was a 0.99 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 351,860 shares of company stock worth $20,231,558. Insiders own 0.01% of the company's stock.

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.