Laffer Tengler Investments Inc. Purchases 26,190 Shares of Cisco Systems, Inc. $CSCO

Laffer Tengler Investments Inc. raised its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 34.9% in the third quarter, HoldingsChannel.com reports. The firm owned 101,170 shares of the network equipment provider’s stock after buying an additional 26,190 shares during the period. Laffer Tengler Investments Inc.’s holdings in Cisco Systems were worth $6,922,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bare Financial Services Inc lifted its position in Cisco Systems by 531.0% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock valued at $25,000 after acquiring an additional 308 shares in the last quarter. Marquette Asset Management LLC bought a new position in shares of Cisco Systems in the third quarter valued at approximately $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Cisco Systems during the second quarter valued at approximately $28,000. Lowe Wealth Advisors LLC grew its holdings in Cisco Systems by 96.2% during the third quarter. Lowe Wealth Advisors LLC now owns 408 shares of the network equipment provider’s stock worth $28,000 after buying an additional 200 shares in the last quarter. Finally, Cedar Mountain Advisors LLC raised its position in Cisco Systems by 115.7% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 468 shares of the network equipment provider’s stock valued at $32,000 after buying an additional 251 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Price Performance

Shares of NASDAQ CSCO opened at $78.96 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. The stock has a fifty day simple moving average of $77.86 and a two-hundred day simple moving average of $73.91. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $88.18. The firm has a market cap of $311.88 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 3.00 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.02. The company had revenue of $15.35 billion during the quarter, compared to analyst estimates of $15.11 billion. Cisco Systems had a return on equity of 27.88% and a net margin of 19.22%.The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 EPS. Analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Thursday, April 2nd will be paid a $0.42 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 2.1%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.41. Cisco Systems’s dividend payout ratio (DPR) is presently 57.54%.

Analyst Ratings Changes

Several research firms have recently issued reports on CSCO. UBS Group upped their target price on shares of Cisco Systems from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Weiss Ratings restated a “buy (b)” rating on shares of Cisco Systems in a report on Tuesday, January 27th. President Capital decreased their price objective on shares of Cisco Systems from $90.00 to $88.00 in a research note on Wednesday, December 24th. JPMorgan Chase & Co. boosted their target price on Cisco Systems from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Finally, Erste Group Bank downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.55.

Insider Buying and Selling at Cisco Systems

In other news, Director Kristina M. Johnson sold 13,481 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $77.13, for a total value of $1,039,789.53. Following the completion of the transaction, the director directly owned 61,630 shares of the company’s stock, valued at $4,753,521.90. This trade represents a 17.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeetendra I. Patel sold 11,248 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $76.00, for a total value of $854,848.00. Following the sale, the insider owned 262,776 shares in the company, valued at approximately $19,970,976. The trade was a 4.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 75,677 shares of company stock worth $5,811,211. Company insiders own 0.01% of the company’s stock.

About Cisco Systems

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.