Kathmere Capital Management LLC Invests $388,000 in Cisco Systems, Inc. (NASDAQ:CSCO)

Kathmere Capital Management LLC bought a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the third quarter, HoldingsChannel reports. The institutional investor bought 7,137 shares of the network equipment provider’s stock, valued at approximately $388,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of CSCO. Charles Schwab Investment Management Inc. increased its stake in Cisco Systems by 6.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 47,599,481 shares of the network equipment provider’s stock valued at $2,522,774,000 after purchasing an additional 3,002,815 shares during the last quarter. Lokken Investment Group LLC lifted its stake in shares of Cisco Systems by 7.4% in the 2nd quarter. Lokken Investment Group LLC now owns 14,500 shares of the network equipment provider’s stock worth $768,000 after acquiring an additional 999 shares during the period. Fiera Capital Corp bought a new stake in Cisco Systems during the second quarter worth approximately $1,557,000. Public Sector Pension Investment Board raised its holdings in Cisco Systems by 59.2% during the second quarter. Public Sector Pension Investment Board now owns 660,620 shares of the network equipment provider’s stock worth $35,013,000 after purchasing an additional 245,657 shares in the last quarter. Finally, Eudaimonia Partners LLC raised its holdings in Cisco Systems by 6.4% during the second quarter. Eudaimonia Partners LLC now owns 54,376 shares of the network equipment provider’s stock worth $2,882,000 after purchasing an additional 3,291 shares in the last quarter. 71.75% of the stock is currently owned by hedge funds and other institutional investors.

CSCO traded up $0.24 during trading on Thursday, reaching $55.54. 19,324,937 shares of the stock were exchanged, compared to its average volume of 18,948,041. The stock has a market cap of $234.25 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 2.48 and a beta of 0.92. Cisco Systems, Inc. has a twelve month low of $42.21 and a twelve month high of $60.27. The stock’s 50 day moving average price is $55.81 and its two-hundred day moving average price is $55.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.54 and a current ratio of 1.62.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Tuesday, November 16th. The network equipment provider reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. The business had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.98 billion. Cisco Systems had a net margin of 22.44% and a return on equity of 30.59%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 earnings per share. Equities research analysts predict that Cisco Systems, Inc. will post 3.07 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 27th. Investors of record on Tuesday, October 5th were issued a dividend of $0.37 per share. The ex-dividend date was Monday, October 4th. This represents a $1.48 dividend on an annualized basis and a yield of 2.66%. Cisco Systems’s payout ratio is 55.02%.

In related news, SVP Prat Bhatt sold 12,722 shares of the business’s stock in a transaction on Monday, November 22nd. The shares were sold at an average price of $54.80, for a total transaction of $697,165.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.02% of the stock is currently owned by insiders.

Several equities analysts have weighed in on CSCO shares. JMP Securities reiterated a “hold” rating on shares of Cisco Systems in a research report on Thursday, September 16th. Robert W. Baird boosted their price target on shares of Cisco Systems from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, September 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a research note on Thursday, September 16th. Citigroup boosted their target price on shares of Cisco Systems from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, August 19th. Finally, JPMorgan Chase & Co. set a $70.00 price objective on Cisco Systems in a report on Thursday, September 16th. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a 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 $62.24.

About Cisco Systems

Cisco Systems, Inc engages in the design, manufacture, and sale of Internet Protocol based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its product comprises of the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security.

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

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