United Capital Management of KS Inc. Has $998,000 Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Share on StockTwits

United Capital Management of KS Inc. raised its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,885 shares of the network equipment provider’s stock after acquiring an additional 223 shares during the period. United Capital Management of KS Inc.’s holdings in Cisco Systems were worth $998,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirador Capital Partners LP lifted its stake in shares of Cisco Systems by 1.7% in the 2nd quarter. Mirador Capital Partners LP now owns 11,977 shares of the network equipment provider’s stock valued at $656,000 after purchasing an additional 199 shares during the period. Weil Company Inc. raised its stake in shares of Cisco Systems by 0.5% in the second quarter. Weil Company Inc. now owns 38,992 shares of the network equipment provider’s stock worth $2,134,000 after purchasing an additional 201 shares during the last quarter. Pinnacle Holdings LLC raised its stake in shares of Cisco Systems by 1.0% in the second quarter. Pinnacle Holdings LLC now owns 19,758 shares of the network equipment provider’s stock worth $1,081,000 after purchasing an additional 201 shares during the last quarter. Baystate Wealth Management LLC raised its stake in shares of Cisco Systems by 2.0% in the second quarter. Baystate Wealth Management LLC now owns 10,228 shares of the network equipment provider’s stock worth $600,000 after purchasing an additional 202 shares during the last quarter. Finally, Keel Point LLC raised its stake in shares of Cisco Systems by 3.7% in the second quarter. Keel Point LLC now owns 5,708 shares of the network equipment provider’s stock worth $312,000 after purchasing an additional 202 shares during the last quarter. 73.34% of the stock is owned by hedge funds and other institutional investors.

In other Cisco Systems news, CEO Charles Robbins sold 18,955 shares of Cisco Systems stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $50.04, for a total transaction of $948,508.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP David Goeckeler sold 70,000 shares of Cisco Systems stock in a transaction that occurred on Friday, September 20th. The shares were 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 owns 429,398 shares of the company’s stock, valued at $21,134,969.56. The disclosure for this sale can be found here. Insiders sold 193,130 shares of company stock worth $9,359,179 over the last three months. 0.03% of the stock is owned by insiders.

CSCO has been the subject of several analyst reports. Cowen lowered their price objective on Cisco Systems from $65.00 to $61.00 and set an “outperform” rating for the company in a research note on Thursday, August 15th. Morgan Stanley lowered their price objective on Cisco Systems from $51.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, August 15th. Credit Suisse Group set a $50.00 price objective on Cisco Systems and gave the stock a “neutral” rating in a research note on Tuesday, August 27th. Goldman Sachs Group downgraded Cisco Systems from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $56.00 to $48.00 in a research note on Thursday, October 10th. Finally, UBS Group set a $58.00 price objective on Cisco Systems and gave the stock a “buy” rating in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. Cisco Systems presently has a consensus rating of “Buy” and a consensus price target of $56.04.

NASDAQ CSCO traded up $0.10 on Tuesday, hitting $46.15. 1,408,124 shares of the stock traded hands, compared to its average volume of 20,780,738. The business’s fifty day moving average is $48.07 and its two-hundred day moving average is $53.10. Cisco Systems, Inc. has a 12 month low of $40.25 and a 12 month high of $58.26. The firm has a market capitalization of $197.66 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 2.24 and a beta of 1.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 1.51.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Friday, October 4th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.40 annualized dividend and a dividend yield of 3.03%. Cisco Systems’s payout ratio is presently 49.12%.

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.

Further Reading: How to calculate compound interest

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO).

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

Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Wolverine World Wide  Upgraded by Argus to “Buy”
Wolverine World Wide Upgraded by Argus to “Buy”
Air Products & Chemicals  Earns Neutral Rating from Analysts at Atlantic Securities
Air Products & Chemicals Earns Neutral Rating from Analysts at Atlantic Securities
Taseko Mines  Downgraded to “Sector Perform Spec Overwgt” at National Bank Financial
Taseko Mines Downgraded to “Sector Perform Spec Overwgt” at National Bank Financial
Bio-Path’s  Buy Rating Reiterated at HC Wainwright
Bio-Path’s Buy Rating Reiterated at HC Wainwright
RMR Group  Scheduled to Post Quarterly Earnings on Friday
RMR Group Scheduled to Post Quarterly Earnings on Friday
Insider Buying: Mitchells & Butlers plc  Insider Buys £136.50 in Stock
Insider Buying: Mitchells & Butlers plc Insider Buys £136.50 in Stock


© 2006-2019 Ticker Report