Epstein & White Financial LLC Has $767,000 Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Epstein & White Financial LLC raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 60.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,700 shares of the network equipment provider’s stock after buying an additional 5,526 shares during the period. Cisco Systems accounts for about 0.4% of Epstein & White Financial LLC’s portfolio, making the stock its 27th largest holding. Epstein & White Financial LLC’s holdings in Cisco Systems were worth $767,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Evolution Wealth Advisors LLC bought a new stake in shares of Cisco Systems during the 2nd quarter worth about $33,000. Lowe Wealth Advisors LLC bought a new stake in shares of Cisco Systems during the 2nd quarter worth about $38,000. Horan Securities Inc. boosted its holdings in shares of Cisco Systems by 663.0% during the 4th quarter. Horan Securities Inc. now owns 763 shares of the network equipment provider’s stock worth $33,000 after buying an additional 663 shares during the period. Highwater Wealth Management LLC bought a new stake in shares of Cisco Systems during the 4th quarter worth about $51,000. Finally, Cohen & Steers Inc. bought a new stake in shares of Cisco Systems during the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 74.41% of the company’s stock.

CSCO has been the subject of a number of recent research reports. Robert W. Baird boosted their price objective on shares of Northrop Grumman from $300.00 to $364.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Credit Suisse Group boosted their price objective on shares of Johnson & Johnson from $152.00 to $156.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. Bank of America set a $25.00 price objective on shares of Levi Strauss & Co. and gave the company a “hold” rating in a report on Wednesday, July 10th. William Blair downgraded shares of Medidata Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 12th. Finally, Jefferies Financial Group boosted their price objective on shares of Nice to $166.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $56.42.

In other news, CFO Kelly A. Kramer sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $53.56, for a total transaction of $3,749,200.00. Following the completion of the sale, the chief financial officer now owns 349,122 shares of the company’s stock, valued at approximately $18,698,974.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven M. West sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $56.21, for a total transaction of $1,124,200.00. Following the sale, the director now directly owns 5,263 shares of the company’s stock, valued at approximately $295,833.23. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,129 shares of company stock valued at $5,159,754. 0.03% of the stock is currently owned by insiders.

Shares of Cisco Systems stock traded up $0.25 on Wednesday, reaching $56.72. 429,599 shares of the stock were exchanged, compared to its average volume of 14,341,710. The firm’s 50 day simple moving average is $56.56. Cisco Systems, Inc. has a one year low of $40.25 and a one year high of $58.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.64 and a current ratio of 1.69. The stock has a market cap of $240.41 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 2.89 and a beta of 1.18.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, May 15th. The network equipment provider reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.01. Cisco Systems had a net margin of 25.76% and a return on equity of 29.88%. The company had revenue of $12.96 billion during the quarter, compared to the consensus estimate of $12.89 billion. During the same quarter in the prior year, the firm posted $0.66 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, research analysts predict that Cisco Systems, Inc. will post 2.8 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Stockholders of record on Friday, July 5th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Wednesday, July 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 59.83%.

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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