Juncture Wealth Strategies LLC Has $1.02 Million Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Juncture Wealth Strategies LLC grew its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,743 shares of the network equipment provider’s stock after buying an additional 291 shares during the period. Juncture Wealth Strategies LLC’s holdings in Cisco Systems were worth $1,022,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CSCO. Steward Financial Group LLC acquired a new position in Cisco Systems during the 4th quarter worth approximately $26,000. Altshuler Shaham Ltd bought a new position in shares of Cisco Systems in the 1st quarter worth $32,000. Fortis Capital Advisors LLC acquired a new stake in Cisco Systems in the 4th quarter valued at $34,000. Carmel Capital Partners LLC acquired a new position in Cisco Systems during the first quarter worth $35,000. Finally, Tucker Asset Management LLC acquired a new position in shares of Cisco Systems during the first quarter valued at about $35,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $56.11 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Cisco Systems, Inc. has a twelve month low of $38.60 and a twelve month high of $58.19. The stock has a market cap of $227.52 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 2.48 and a beta of 0.97. The firm’s fifty day simple moving average is $54.20 and its 200 day simple moving average is $51.17.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 16th. The network equipment provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.08. Cisco Systems had a return on equity of 33.42% and a net margin of 22.13%. The firm had revenue of $15.20 billion for the quarter, compared to the consensus estimate of $15.05 billion. During the same quarter in the prior year, the business earned $0.74 EPS. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, research analysts predict that Cisco Systems, Inc. will post 3.58 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.78%. The ex-dividend date is Tuesday, October 3rd. Cisco Systems’s payout ratio is currently 50.81%.

Insider Buying and Selling

In related news, CFO Richard Scott Herren sold 2,579 shares of the company’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $50.65, for a total value of $130,626.35. Following the transaction, the chief financial officer now owns 281,493 shares in the company, valued at approximately $14,257,620.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 2,158 shares of Cisco Systems stock in a transaction on Friday, August 18th. The stock was sold at an average price of $55.15, for a total value of $119,013.70. Following the completion of the sale, the executive vice president now owns 173,618 shares of the company’s stock, valued at approximately $9,575,032.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard Scott Herren sold 2,579 shares of the stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $50.65, for a total value of $130,626.35. Following the sale, the chief financial officer now directly owns 281,493 shares in the company, valued at $14,257,620.45. The disclosure for this sale can be found here. Insiders have sold 54,438 shares of company stock worth $2,948,779 in the last 90 days. Insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CSCO shares. Barclays increased their price objective on Cisco Systems from $51.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 17th. Rosenblatt Securities upped their target price on shares of Cisco Systems from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, August 17th. Raymond James boosted their price target on shares of Cisco Systems from $64.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, August 17th. BNP Paribas initiated coverage on Cisco Systems in a research note on Thursday, July 20th. They issued an “underperform” rating and a $45.00 target price on the stock. Finally, Jefferies Financial Group lifted their price target on Cisco Systems from $54.00 to $59.50 and gave the stock a “buy” rating in a report on Thursday, August 17th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $59.43.

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 that are standalone, controller appliance-based, switch-converged, and Meraki cloud-managed offerings; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.