Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by First United Bank & Trust

First United Bank & Trust boosted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,401 shares of the network equipment provider’s stock after acquiring an additional 492 shares during the quarter. First United Bank & Trust’s holdings in Cisco Systems were worth $1,818,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CSCO. Axiom Investment Management LLC lifted its position in Cisco Systems by 445.2% during the 1st quarter. Axiom Investment Management LLC now owns 6,133 shares of the network equipment provider’s stock worth $318,000 after acquiring an additional 5,008 shares during the period. Stonnington Group LLC purchased a new position in shares of Cisco Systems during the 1st quarter worth approximately $436,000. Pendal Group Limited raised its stake in shares of Cisco Systems by 6.2% during the 1st quarter. Pendal Group Limited now owns 249,723 shares of the network equipment provider’s stock worth $12,913,000 after buying an additional 14,531 shares in the last quarter. Sargent Bickham Lagudis LLC raised its stake in shares of Cisco Systems by 2.6% during the 1st quarter. Sargent Bickham Lagudis LLC now owns 15,975 shares of the network equipment provider’s stock worth $826,000 after buying an additional 405 shares in the last quarter. Finally, Fragasso Group Inc. raised its stake in shares of Cisco Systems by 5.2% during the 1st quarter. Fragasso Group Inc. now owns 113,316 shares of the network equipment provider’s stock worth $5,860,000 after buying an additional 5,625 shares in the last quarter. 71.75% of the stock is owned by institutional investors.

In other Cisco Systems news, SVP Prat Bhatt sold 12,722 shares of the firm’s stock in a transaction dated Monday, November 22nd. The stock was sold at an average price of $54.80, for a total value of $697,165.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.02% of the company’s stock.

A number of equities analysts have recently issued reports on CSCO shares. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research note on Thursday, September 16th. Citigroup increased their target price on Cisco Systems from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, August 19th. Robert W. Baird raised their price objective on Cisco Systems from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, September 16th. JPMorgan Chase & Co. set a $70.00 price objective on Cisco Systems in a research note on Thursday, September 16th. Finally, Morgan Stanley downgraded Cisco Systems from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $57.00 to $59.00 in a research note on Thursday, September 9th. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Cisco Systems presently has an average rating of “Hold” and an average price target of $62.24.

Shares of Cisco Systems stock opened at $55.54 on Thursday. Cisco Systems, Inc. has a twelve month low of $42.21 and a twelve month high of $60.27. The stock has a market capitalization of $234.25 billion, a P/E ratio of 20.65, a PEG ratio of 2.48 and a beta of 0.92. The company has a current ratio of 1.62, a quick ratio of 1.54 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average price is $55.81 and its 200 day moving average price is $55.24.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Tuesday, November 16th. The network equipment provider reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. Cisco Systems had a return on equity of 30.59% and a net margin of 22.44%. The firm had revenue of $12.90 billion for the quarter, compared to analysts’ expectations of $12.98 billion. During the same quarter last year, the firm earned $0.68 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 3.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 27th. Shareholders of record on Tuesday, October 5th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Monday, October 4th. Cisco Systems’s dividend payout ratio (DPR) is presently 55.02%.

Cisco Systems Profile

Cisco Systems, Inc engages in the design, manufacture, and sale of Internet Protocol based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its product comprises of the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security.

Further Reading: What is dividend yield?

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.

Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by First United Bank & Trust

First United Bank & Trust boosted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,401 shares of the network equipment provider’s stock after acquiring an additional 492 shares during the quarter. First United Bank & Trust’s holdings in Cisco Systems were worth $1,818,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Axiom Investment Management LLC raised its stake in shares of Cisco Systems by 445.2% during the 1st quarter. Axiom Investment Management LLC now owns 6,133 shares of the network equipment provider’s stock worth $318,000 after buying an additional 5,008 shares in the last quarter. Stonnington Group LLC purchased a new position in shares of Cisco Systems during the 1st quarter worth approximately $436,000. Pendal Group Limited raised its stake in shares of Cisco Systems by 6.2% during the 1st quarter. Pendal Group Limited now owns 249,723 shares of the network equipment provider’s stock worth $12,913,000 after buying an additional 14,531 shares in the last quarter. Sargent Bickham Lagudis LLC raised its stake in shares of Cisco Systems by 2.6% during the 1st quarter. Sargent Bickham Lagudis LLC now owns 15,975 shares of the network equipment provider’s stock worth $826,000 after buying an additional 405 shares in the last quarter. Finally, Fragasso Group Inc. raised its stake in shares of Cisco Systems by 5.2% during the 1st quarter. Fragasso Group Inc. now owns 113,316 shares of the network equipment provider’s stock worth $5,860,000 after buying an additional 5,625 shares in the last quarter. 71.75% of the stock is owned by institutional investors.

In other Cisco Systems news, SVP Prat Bhatt sold 12,722 shares of the firm’s stock in a transaction dated Monday, November 22nd. The stock was sold at an average price of $54.80, for a total value of $697,165.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.02% of the company’s stock.

A number of equities analysts have recently issued reports on CSCO shares. Citigroup increased their target price on Cisco Systems from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, August 19th. Wells Fargo & Company increased their target price on Cisco Systems from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, September 9th. MKM Partners raised their price objective on Cisco Systems from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, September 20th. JMP Securities reaffirmed a “hold” rating on shares of Cisco Systems in a research note on Thursday, September 16th. Finally, Morgan Stanley downgraded Cisco Systems from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $57.00 to $59.00 in a research note on Thursday, September 9th. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Cisco Systems presently has an average rating of “Hold” and an average price target of $62.24.

Shares of Cisco Systems stock opened at $55.54 on Thursday. Cisco Systems, Inc. has a twelve month low of $42.21 and a twelve month high of $60.27. The stock has a market capitalization of $234.25 billion, a P/E ratio of 20.65, a PEG ratio of 2.48 and a beta of 0.92. The company has a current ratio of 1.62, a quick ratio of 1.54 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average price is $55.81 and its 200 day moving average price is $55.24.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Tuesday, November 16th. The network equipment provider reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. Cisco Systems had a return on equity of 30.59% and a net margin of 22.44%. The firm had revenue of $12.90 billion for the quarter, compared to analysts’ expectations of $12.98 billion. During the same quarter last year, the firm earned $0.68 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 3.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 27th. Shareholders of record on Tuesday, October 5th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Monday, October 4th. Cisco Systems’s dividend payout ratio (DPR) is presently 55.02%.

Cisco Systems Profile

Cisco Systems, Inc engages in the design, manufacture, and sale of Internet Protocol based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its product comprises of the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security.

Further Reading: What is dividend yield?

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.