Bull Oak Capital LLC Makes New Investment in Cisco Systems, Inc. (NASDAQ:CSCO)

Bull Oak Capital LLC acquired a new stake in Cisco Systems, Inc. (NASDAQ:CSCO) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,515 shares of the network equipment provider’s stock, valued at approximately $81,000.

Several other large investors have also made changes to their positions in CSCO. Nicholson Wealth Management Group LLC acquired a new stake in Cisco Systems in the 3rd quarter valued at $780,000. Legacy Capital Group California Inc. lifted its holdings in Cisco Systems by 5.4% during the third quarter. Legacy Capital Group California Inc. now owns 21,260 shares of the network equipment provider’s stock valued at $1,131,000 after purchasing an additional 1,081 shares in the last quarter. Tectonic Advisors LLC grew its position in shares of Cisco Systems by 16.3% in the third quarter. Tectonic Advisors LLC now owns 171,137 shares of the network equipment provider’s stock valued at $9,108,000 after purchasing an additional 24,008 shares during the period. DT Investment Partners LLC increased its stake in shares of Cisco Systems by 3.7% during the third quarter. DT Investment Partners LLC now owns 25,882 shares of the network equipment provider’s stock worth $1,377,000 after purchasing an additional 929 shares in the last quarter. Finally, apricus wealth LLC raised its position in shares of Cisco Systems by 4.3% during the 3rd quarter. apricus wealth LLC now owns 50,949 shares of the network equipment provider’s stock worth $2,712,000 after purchasing an additional 2,120 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Maria Victoria Wong sold 638 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $49.09, for a total transaction 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Thimaya K. Subaiya sold 8,270 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $50.33, for a total transaction of $416,229.10. Following the completion of the transaction, the executive vice president now directly owns 135,544 shares in the company, valued at $6,821,929.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Maria Victoria Wong sold 638 shares of the firm’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 transaction, the senior vice president now owns 46,017 shares of the company’s stock, valued at $2,258,974.53. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,529 shares of company stock valued at $3,509,049. 0.02% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on CSCO. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a report on Thursday, August 15th. Citigroup raised Cisco Systems from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $52.00 to $62.00 in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised their price objective on Cisco Systems from $52.00 to $53.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Jefferies Financial Group decreased their price objective on Cisco Systems from $56.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Finally, Tigress Financial raised their price objective on Cisco Systems from $76.00 to $78.00 and gave the company a “buy” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $56.74.

Cisco Systems Stock Down 0.6 %

Shares of CSCO opened at $55.96 on Friday. The stock has a fifty day simple moving average of $51.85 and a two-hundred day simple moving average of $48.77. 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 company has a market capitalization of $225.45 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 4.22 and a beta of 0.83. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $57.06.

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

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Wednesday, October 2nd. Cisco Systems’s payout ratio is 53.87%.

About Cisco Systems

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.