Cisco Systems, Inc. (CSCO) Position Maintained by A. D. Beadell Investment Counsel Inc.

A. D. Beadell Investment Counsel Inc. held its position in Cisco Systems, Inc. (NASDAQ:CSCO) during the first quarter, Holdings Channel reports. The fund owned 51,355 shares of the network equipment provider’s stock at the end of the first quarter. Cisco Systems makes up about 1.4% of A. D. Beadell Investment Counsel Inc.’s investment portfolio, making the stock its 25th largest position. A. D. Beadell Investment Counsel Inc.’s holdings in Cisco Systems were worth $1,735,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Dodge & Cox purchased a new position in Cisco Systems during the fourth quarter worth approximately $1,950,935,000. Norges Bank bought a new stake in shares of Cisco Systems during the fourth quarter valued at about $1,306,395,000. Asset Management One Co. Ltd. raised its stake in shares of Cisco Systems by 1,032.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 8,822,459 shares of the network equipment provider’s stock valued at $266,816,000 after buying an additional 8,043,558 shares during the last quarter. State Street Corp raised its stake in shares of Cisco Systems by 2.8% in the fourth quarter. State Street Corp now owns 218,577,771 shares of the network equipment provider’s stock valued at $6,605,412,000 after buying an additional 5,886,055 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Cisco Systems during the fourth quarter valued at about $134,343,000. Hedge funds and other institutional investors own 76.13% of the company’s stock.

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

Cisco Systems, Inc. (CSCO) opened at 32.09 on Friday. The company has a 50-day moving average of $32.44 and a 200-day moving average of $32.24. Cisco Systems, Inc. has a 52 week low of $27.13 and a 52 week high of $34.60. The company has a market cap of $160.45 billion, a PE ratio of 16.29 and a beta of 1.23. Cisco Systems also saw some unusual options trading on Friday. Traders purchased 22,161 put options on the stock. This represents an increase of approximately 202% compared to the typical daily volume of 7,346 put options.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. Cisco Systems had a return on equity of 17.31% and a net margin of 20.61%. The company had revenue of $11.94 billion for the quarter, compared to analyst estimates of $11.90 billion. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts expect that Cisco Systems, Inc. will post $2.38 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Friday, July 7th will be paid a $0.29 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $1.16 annualized dividend and a yield of 3.61%. Cisco Systems’s dividend payout ratio (DPR) is presently 58.29%.

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Several brokerages have issued reports on CSCO. Deutsche Bank AG reiterated a “buy” rating and set a $40.00 target price on shares of Cisco Systems in a research report on Tuesday, June 13th. Cowen and Company reiterated an “outperform” rating and set a $39.00 target price on shares of Cisco Systems in a research report on Friday, May 19th. Jefferies Group LLC reiterated a “buy” rating and set a $37.00 target price on shares of Cisco Systems in a research report on Friday, May 19th. William Blair reiterated an “outperform” rating on shares of Cisco Systems in a research report on Sunday, May 21st. Finally, Wunderlich set a $30.00 target price on shares of Cisco Systems and gave the company a “hold” rating in a research report on Friday, May 19th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-two have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $35.19.

In other Cisco Systems news, SVP Rebecca Jacoby sold 92,840 shares of Cisco Systems stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $31.71, for a total value of $2,943,956.40. Following the transaction, the senior vice president now owns 271,725 shares in the company, valued at $8,616,399.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John T. Chambers sold 295,537 shares of Cisco Systems stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $31.52, for a total value of $9,315,326.24. The disclosure for this sale can be found here. Insiders sold 396,179 shares of company stock worth $12,503,407 in the last quarter. 0.11% of the stock is owned by insiders.

About Cisco Systems

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CSCO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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