180 Wealth Advisors LLC Buys 3,717 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

180 Wealth Advisors LLC increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 14.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,325 shares of the network equipment provider’s stock after purchasing an additional 3,717 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Cisco Systems were worth $1,412,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Diligent Investors LLC increased its holdings in shares of Cisco Systems by 0.9% in the third quarter. Diligent Investors LLC now owns 34,050 shares of the network equipment provider’s stock worth $1,682,000 after purchasing an additional 311 shares during the last quarter. CWM LLC increased its holdings in shares of Cisco Systems by 16.8% in the third quarter. CWM LLC now owns 39,138 shares of the network equipment provider’s stock worth $1,934,000 after purchasing an additional 5,626 shares during the last quarter. Alta Capital Management LLC increased its holdings in shares of Cisco Systems by 21.3% in the third quarter. Alta Capital Management LLC now owns 45,415 shares of the network equipment provider’s stock worth $2,243,000 after purchasing an additional 7,979 shares during the last quarter. Bigelow Investment Advisors LLC increased its holdings in shares of Cisco Systems by 3.4% in the third quarter. Bigelow Investment Advisors LLC now owns 43,435 shares of the network equipment provider’s stock worth $2,146,000 after purchasing an additional 1,428 shares during the last quarter. Finally, Nicolet Bankshares Inc. increased its holdings in shares of Cisco Systems by 4.5% in the third quarter. Nicolet Bankshares Inc. now owns 4,977 shares of the network equipment provider’s stock worth $246,000 after purchasing an additional 215 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on CSCO shares. Raymond James reaffirmed an “overweight” rating on shares of Cisco Systems in a report on Friday, August 16th. KeyCorp reduced their target price on Cisco Systems from $56.00 to $54.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Citigroup reduced their target price on Cisco Systems from $65.00 to $57.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Nomura lifted their target price on Cisco Systems from $50.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Finally, Morgan Stanley dropped their price target on Cisco Systems from $51.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $55.96.

In related news, CEO Charles Robbins sold 18,955 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $50.04, for a total value of $948,508.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Chandler sold 546 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $47.92, for a total transaction of $26,164.32. The disclosure for this sale can be found here. Insiders have sold 193,130 shares of company stock valued at $9,359,179 in the last ninety days. Insiders own 0.03% of the company’s stock.

Cisco Systems stock opened at $47.05 on Thursday. The company has a 50 day moving average price of $48.09 and a 200-day moving average price of $52.76. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 1.51. Cisco Systems, Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $58.26. The company has a market capitalization of $201.86 billion, a PE ratio of 16.51, a P/E/G ratio of 2.30 and a beta of 1.28.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.01. Cisco Systems had a net margin of 22.39% and a return on equity of 32.43%. The firm had revenue of $13.43 billion during the quarter, compared to the consensus estimate of $13.39 billion. During the same quarter in the previous year, the firm posted $0.70 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. On average, analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Friday, October 4th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.98%. The ex-dividend date was Thursday, October 3rd. Cisco Systems’s dividend payout ratio is presently 49.12%.

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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