Cisco Systems, Inc. (NASDAQ:CSCO) Stake Boosted by Northside Capital Management LLC

Northside Capital Management LLC increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 36.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,550 shares of the network equipment provider’s stock after purchasing an additional 8,229 shares during the quarter. Cisco Systems accounts for about 0.5% of Northside Capital Management LLC’s investment portfolio, making the stock its 25th largest holding. Northside Capital Management LLC’s holdings in Cisco Systems were worth $1,509,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Welch & Forbes LLC lifted its stake in Cisco Systems by 1.1% in the third quarter. Welch & Forbes LLC now owns 418,122 shares of the network equipment provider’s stock valued at $20,659,000 after buying an additional 4,666 shares during the last quarter. Burns J W & Co. Inc. NY lifted its stake in Cisco Systems by 9.1% in the third quarter. Burns J W & Co. Inc. NY now owns 21,806 shares of the network equipment provider’s stock valued at $1,077,000 after buying an additional 1,818 shares during the last quarter. Abner Herrman & Brock LLC lifted its stake in Cisco Systems by 1.7% in the third quarter. Abner Herrman & Brock LLC now owns 327,244 shares of the network equipment provider’s stock valued at $16,169,000 after buying an additional 5,449 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC lifted its stake in Cisco Systems by 14.9% in the third quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 14,621 shares of the network equipment provider’s stock valued at $675,000 after buying an additional 1,900 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in Cisco Systems by 408.5% in the third quarter. Larson Financial Group LLC now owns 1,561 shares of the network equipment provider’s stock valued at $77,000 after buying an additional 1,254 shares during the last quarter. Hedge funds and other institutional investors own 73.31% of the company’s stock.

CSCO has been the topic of a number of recent research reports. Royal Bank of Canada cut their target price on Cisco Systems from $64.00 to $53.00 and set an “outperform” rating on the stock in a research note on Thursday, August 15th. Credit Suisse Group set a $50.00 target price on Cisco Systems and gave the company a “neutral” rating in a research note on Tuesday, August 27th. Barclays initiated coverage on Cisco Systems in a research note on Wednesday, August 7th. They issued an “equal weight” rating and a $52.00 target price on the stock. Robert W. Baird set a $54.00 target price on Cisco Systems and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, BidaskClub cut Cisco Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $56.04.

In related news, EVP David Goeckeler sold 70,000 shares of Cisco Systems stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $49.22, for a total transaction of $3,445,400.00. Following the transaction, the executive vice president now directly owns 429,398 shares of the company’s stock, valued at $21,134,969.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark D. Chandler sold 10,733 shares of Cisco Systems stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $50.05, for a total value of $537,186.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 193,130 shares of company stock worth $9,359,179. 0.03% of the stock is owned by corporate insiders.

Shares of CSCO traded up $0.94 during trading hours on Friday, reaching $47.09. 12,490,016 shares of the company’s stock traded hands, compared to its average volume of 19,983,844. The firm has a market capitalization of $196.94 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 2.24 and a beta of 1.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.51 and a quick ratio of 1.46. Cisco Systems, Inc. has a twelve month low of $40.25 and a twelve month high of $58.26. The business’s fifty day simple moving average is $48.15 and its two-hundred day simple moving average is $53.22.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $13.43 billion for the quarter, compared to analyst estimates of $13.39 billion. Cisco Systems had a return on equity of 32.43% and a net margin of 22.39%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.70 earnings per share. On average, equities research analysts expect that Cisco Systems, Inc. will post 3.05 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Friday, October 4th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Thursday, October 3rd. Cisco Systems’s payout ratio is currently 49.12%.

Cisco Systems Company 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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