Cisco Systems, Inc. (NASDAQ:CSCO) Shares Purchased by Triangle Securities Wealth Management

Triangle Securities Wealth Management increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 34.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,280 shares of the network equipment provider’s stock after buying an additional 4,435 shares during the quarter. Triangle Securities Wealth Management’s holdings in Cisco Systems were worth $806,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Boston Private Wealth LLC lifted its position in Cisco Systems by 3.4% during the fourth quarter. Boston Private Wealth LLC now owns 316,192 shares of the network equipment provider’s stock worth $15,164,000 after buying an additional 10,393 shares in the last quarter. Level Four Advisory Services LLC raised its position in Cisco Systems by 13.9% in the fourth quarter. Level Four Advisory Services LLC now owns 105,268 shares of the network equipment provider’s stock valued at $14,545,000 after purchasing an additional 12,851 shares during the period. Amalgamated Bank raised its position in Cisco Systems by 2.3% in the fourth quarter. Amalgamated Bank now owns 731,737 shares of the network equipment provider’s stock valued at $35,094,000 after purchasing an additional 16,267 shares during the period. Altavista Wealth Management Inc. raised its holdings in shares of Cisco Systems by 1.1% in the 4th quarter. Altavista Wealth Management Inc. now owns 133,024 shares of the network equipment provider’s stock valued at $6,380,000 after buying an additional 1,425 shares during the period. Finally, Malaga Cove Capital LLC raised its holdings in shares of Cisco Systems by 30.2% in the 4th quarter. Malaga Cove Capital LLC now owns 38,809 shares of the network equipment provider’s stock valued at $1,861,000 after buying an additional 8,993 shares during the period. Hedge funds and other institutional investors own 71.52% of the company’s stock.

Shares of NASDAQ CSCO traded up $0.18 during trading hours on Wednesday, reaching $45.81. The stock had a trading volume of 14,631,549 shares, compared to its average volume of 25,811,290. The firm has a market cap of $196.00 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 3.01 and a beta of 0.98. The company has a current ratio of 1.59, a quick ratio of 1.55 and a debt-to-equity ratio of 0.32. Cisco Systems, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $58.26. The firm has a 50-day moving average of $45.98 and a 200-day moving average of $44.30.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, May 13th. The network equipment provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. The firm had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.87 billion. Cisco Systems had a return on equity of 36.47% and a net margin of 21.32%. During the same period in the prior year, the firm earned $0.78 EPS. On average, equities analysts predict that Cisco Systems, Inc. will post 2.86 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, July 2nd. Cisco Systems’s dividend payout ratio is presently 50.53%.

Several equities research analysts recently issued reports on CSCO shares. KeyCorp downgraded Cisco Systems from an “overweight” rating to a “sector weight” rating in a report on Friday, April 17th. Raymond James boosted their target price on Cisco Systems from $48.00 to $49.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Oppenheimer initiated coverage on Cisco Systems in a research note on Thursday, May 28th. They set a “buy” rating and a $46.00 target price for the company. Nomura Instinet boosted their target price on Cisco Systems from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Finally, Credit Suisse Group boosted their target price on Cisco Systems from $40.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $50.35.

In other Cisco Systems news, CAO Prat Bhatt sold 5,703 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $44.87, for a total transaction of $255,893.61. Following the completion of the sale, the chief accounting officer now directly owns 85,613 shares of the company’s stock, valued at approximately $3,841,455.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by corporate insiders.

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 worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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

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