TRH Financial LLC Takes $285,000 Position in Cisco Systems, Inc. (NASDAQ:CSCO)

TRH Financial LLC acquired a new stake in Cisco Systems, Inc. (NASDAQ:CSCO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,004 shares of the network equipment provider’s stock, valued at approximately $285,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CSCO. Nachman Norwood & Parrott Inc grew its holdings in shares of Cisco Systems by 8.3% in the 3rd quarter. Nachman Norwood & Parrott Inc now owns 18,996 shares of the network equipment provider’s stock worth $938,000 after acquiring an additional 1,460 shares during the period. Evoke Wealth LLC acquired a new position in Cisco Systems during the third quarter worth $1,387,000. Eagle Asset Management Inc. raised its holdings in Cisco Systems by 10.3% during the third quarter. Eagle Asset Management Inc. now owns 3,195,050 shares of the network equipment provider’s stock worth $157,867,000 after purchasing an additional 299,499 shares during the last quarter. Sepio Capital LLC boosted its position in Cisco Systems by 16.0% during the third quarter. Sepio Capital LLC now owns 231,224 shares of the network equipment provider’s stock worth $11,419,000 after purchasing an additional 31,894 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new stake in Cisco Systems during the second quarter worth $2,455,000. 72.62% of the stock is currently owned by institutional investors.

Shares of NASDAQ:CSCO opened at $48.80 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.64 and a debt-to-equity ratio of 0.42. The company has a fifty day simple moving average of $46.91 and a 200 day simple moving average of $48.95. The firm has a market cap of $207.96 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 2.85 and a beta of 1.23. Cisco Systems, Inc. has a 12-month low of $43.40 and a 12-month high of $58.26.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.03. The firm had revenue of $13.16 billion for the quarter, compared to the consensus estimate of $13.09 billion. Cisco Systems had a net margin of 21.15% and a return on equity of 35.01%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. As a group, equities research analysts forecast that Cisco Systems, Inc. will post 2.94 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.40 annualized dividend and a dividend yield of 2.87%. Cisco Systems’s payout ratio is 49.12%.

In other news, CEO Charles Robbins sold 12,597 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $44.81, for a total value of $564,471.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Irving Tan sold 10,733 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $44.81, for a total value of $480,945.73. Following the sale, the executive vice president now directly owns 172,199 shares in the company, valued at $7,716,237.19. The disclosure for this sale can be found here. Insiders have sold 388,864 shares of company stock worth $17,474,321 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

A number of research analysts have recently weighed in on CSCO shares. Wells Fargo & Co restated a “buy” rating and issued a $58.00 price target (down previously from $60.00) on shares of Cisco Systems in a research report on Thursday, November 14th. Royal Bank of Canada set a $56.00 price target on Cisco Systems and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Piper Jaffray Companies lowered shares of Cisco Systems from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $55.00 to $51.00 in a research report on Monday, November 11th. Bank of America lowered shares of Cisco Systems from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Finally, KeyCorp lifted their price objective on Cisco Systems from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday. Thirteen investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $54.78.

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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