LVM Capital Management Ltd. MI Buys 1,869 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

LVM Capital Management Ltd. MI grew its position in Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 0.5% during the 2nd quarter, Holdings Channel reports. The firm owned 375,666 shares of the network equipment provider’s stock after purchasing an additional 1,869 shares during the quarter. Cisco Systems makes up about 2.3% of LVM Capital Management Ltd. MI’s investment portfolio, making the stock its 11th biggest position. LVM Capital Management Ltd. MI’s holdings in Cisco Systems were worth $16,018,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cordant Inc. acquired a new stake in shares of Cisco Systems in the 1st quarter valued at approximately $28,000. Advanced Research Investment Solutions LLC grew its holdings in shares of Cisco Systems by 564.6% during the 1st quarter. Advanced Research Investment Solutions LLC now owns 545 shares of the network equipment provider’s stock worth $30,000 after purchasing an additional 463 shares in the last quarter. Conrad Siegel Investment Advisors Inc. acquired a new stake in Cisco Systems in the first quarter valued at about $33,000. Evolution Advisers Inc. boosted its stake in Cisco Systems by 48.2% in the first quarter. Evolution Advisers Inc. now owns 781 shares of the network equipment provider’s stock valued at $43,000 after buying an additional 254 shares in the last quarter. Finally, PYA Waltman Capital LLC boosted its stake in Cisco Systems by 445.4% in the first quarter. PYA Waltman Capital LLC now owns 769 shares of the network equipment provider’s stock valued at $43,000 after buying an additional 628 shares in the last quarter. Institutional investors and hedge funds own 71.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays lowered Cisco Systems from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $56.00 to $46.00 in a research note on Wednesday. Credit Suisse Group raised their price objective on Cisco Systems from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, August 18th. TheStreet downgraded Cisco Systems from a “b” rating to a “c+” rating in a research report on Wednesday, June 15th. Raymond James lowered their price objective on Cisco Systems from $63.00 to $59.00 and set an “outperform” rating for the company in a research report on Thursday, August 18th. Finally, KGI Securities upgraded Cisco Systems from a “neutral” rating to an “outperform” rating in a research report on Wednesday, August 31st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cisco Systems currently has a consensus rating of “Hold” and an average target price of $54.10.

Insider Transactions at Cisco Systems

In other news, SVP Prat Bhatt sold 19,168 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $44.28, for a total value of $848,759.04. Following the transaction, the senior vice president now owns 38,158 shares in the company, valued at $1,689,636.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Charles Robbins sold 12,716 shares of Cisco Systems stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $47.14, for a total value of $599,432.24. Following the sale, the chief executive officer now owns 631,374 shares in the company, valued at $29,762,970.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Prat Bhatt sold 19,168 shares of Cisco Systems stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $848,759.04. Following the completion of the sale, the senior vice president now owns 38,158 shares in the company, valued at approximately $1,689,636.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,317 shares of company stock worth $2,612,042. Insiders own 0.02% of the company’s stock.

Cisco Systems Trading Down 1.1 %

CSCO stock opened at $41.15 on Friday. The company has a market capitalization of $169.08 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. Cisco Systems, Inc. has a one year low of $40.82 and a one year high of $64.29. The company’s 50 day moving average price is $45.11 and its two-hundred day moving average price is $47.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.43.

Cisco Systems (NASDAQ:CSCOGet Rating) last posted its quarterly earnings results on Wednesday, August 17th. The network equipment provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. The firm had revenue of $13.10 billion for the quarter, compared to the consensus estimate of $12.78 billion. Cisco Systems had a net margin of 22.91% and a return on equity of 31.12%. The business’s revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted $0.76 earnings per share. As a group, analysts predict that Cisco Systems, Inc. will post 3.1 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Tuesday, October 4th. Cisco Systems’s dividend payout ratio is 53.90%.

Cisco Systems Company Profile

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Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

See Also

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

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