Murphy Pohlad Asset Management LLC Has $769,000 Position in Cisco Systems, Inc. (CSCO)

Murphy Pohlad Asset Management LLC continued to hold its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,753 shares of the network equipment provider’s stock at the end of the first quarter. Murphy Pohlad Asset Management LLC’s holdings in Cisco Systems were worth $769,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Glenview Trust Co bought a new stake in shares of Cisco Systems during the fourth quarter valued at about $17,046,000. Stockman Wealth Management Inc. increased its stake in shares of Cisco Systems by 2.5% in the fourth quarter. Stockman Wealth Management Inc. now owns 120,722 shares of the network equipment provider’s stock valued at $3,648,000 after buying an additional 2,900 shares during the last quarter. Holderness Investments Co. increased its stake in shares of Cisco Systems by 1.6% in the fourth quarter. Holderness Investments Co. now owns 59,554 shares of the network equipment provider’s stock valued at $1,800,000 after buying an additional 915 shares during the last quarter. Burney Co. increased its stake in shares of Cisco Systems by 14.4% in the fourth quarter. Burney Co. now owns 121,479 shares of the network equipment provider’s stock valued at $3,671,000 after buying an additional 15,332 shares during the last quarter. Finally, Radnor Capital Management LLC bought a new stake in shares of Cisco Systems during the fourth quarter valued at about $2,210,000. Institutional investors and hedge funds own 76.13% of the company’s stock.

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

Shares of Cisco Systems, Inc. (CSCO) opened at 32.09 on Friday. The stock’s 50 day moving average price is $32.44 and its 200-day moving average price is $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 was the recipient of some unusual options trading on Friday. Investors bought 22,161 put options on the company. This is an increase of approximately 202% compared to the average daily volume of 7,346 put options.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The company had revenue of $11.94 billion for the quarter, compared to analysts’ expectations of $11.90 billion. Cisco Systems had a return on equity of 17.31% and a net margin of 20.61%. Cisco Systems’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. 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. Investors of record on Friday, July 7th will be given a dividend of $0.29 per share. The ex-dividend date is Wednesday, July 5th. This represents a $1.16 annualized dividend and a dividend yield of 3.61%. Cisco Systems’s payout ratio is 58.29%.

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CSCO has been the topic of several research analyst reports. Vetr downgraded shares of Cisco Systems from a “hold” rating to a “sell” rating and set a $33.20 price objective on the stock. in a research note on Wednesday, March 15th. Jefferies Group LLC reiterated a “buy” rating and set a $37.00 price target on shares of Cisco Systems in a research note on Friday, May 26th. Robert W. Baird reiterated a “buy” rating on shares of Cisco Systems in a research note on Monday, May 1st. Zacks Investment Research downgraded shares of Cisco Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $36.00 price target (down previously from $37.00) on shares of Cisco Systems in a research note on Friday, May 12th. One equities research 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 stock presently has an average rating of “Buy” and an average target price of $35.19.

In related news, SVP Karen Walker sold 7,802 shares of Cisco Systems stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $31.29, for a total transaction of $244,124.58. Following the transaction, the senior vice president now owns 178,577 shares of the company’s stock, valued at $5,587,674.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John T. Chambers sold 295,537 shares of Cisco Systems stock in a transaction that occurred on 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. In the last ninety days, insiders have sold 396,179 shares of company stock worth $12,503,407. 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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