Hennessy Advisors Inc. Purchases 14,150 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Samuel Edwards

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Hennessy Advisors Inc. grew its place in Cisco Techniques, Inc. (NASDAQ:CSCO) by 5.8% in the course of the third quarter, in accordance with its most up-to-date 13F submitting with the SEC. The institutional investor owned 259,200 shares of the community gear supplier’s inventory after shopping for a further 14,150 shares in the course of the interval. Hennessy Advisors Inc.’s holdings in Cisco Techniques had been value $10,210,000 on the finish of the newest quarter.

A number of different massive buyers have additionally lately added to or diminished their stakes in CSCO. Cedar Brook Monetary Companions LLC lifted its stake in Cisco Techniques by 3.3% in the course of the 2nd quarter. Cedar Brook Monetary Companions LLC now owns 6,712 shares of the community gear supplier’s inventory valued at $313,000 after buying a further 216 shares in the course of the interval. Ferris Capital LLC lifted its stake in Cisco Techniques by 2.3% in the course of the 2nd quarter. Ferris Capital LLC now owns 10,113 shares of the community gear supplier’s inventory valued at $472,000 after buying a further 224 shares in the course of the interval. Armbruster Capital Administration Inc. lifted its stake in Cisco Techniques by 3.2% in the course of the 2nd quarter. Armbruster Capital Administration Inc. now owns 7,277 shares of the community gear supplier’s inventory valued at $339,000 after buying a further 227 shares in the course of the interval. NEXT Monetary Group Inc lifted its stake in Cisco Techniques by 0.5% in the course of the 2nd quarter. NEXT Monetary Group Inc now owns 49,129 shares of the community gear supplier’s inventory valued at $2,291,000 after buying a further 230 shares in the course of the interval. Lastly, Strategic Wealth Administration Group LLC lifted its stake in Cisco Techniques by 2.8% in the course of the 2nd quarter. Strategic Wealth Administration Group LLC now owns 8,766 shares of the community gear supplier’s inventory valued at $409,000 after buying a further 235 shares in the course of the interval. Institutional buyers and hedge funds personal 71.28% of the corporate’s inventory.

Cisco Techniques inventory opened at $39.30 on Tuesday. Cisco Techniques, Inc. has a 52-week low of $32.40 and a 52-week excessive of $50.28. The agency has a market capitalization of $166.37 billion, a price-to-earnings ratio of 14.94, a PEG ratio of two.15 and a beta of 0.87. The corporate has a fifty day easy transferring common of $39.82 and a 200-day easy transferring common of $43.32. The corporate has a fast ratio of 1.67, a present ratio of 1.72 and a debt-to-equity ratio of 0.31.

Cisco Techniques (NASDAQ:CSCO) final launched its earnings outcomes on Wednesday, August twelfth. The community gear supplier reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.06. Cisco Techniques had a web margin of twenty-two.75% and a return on fairness of 34.75%. The enterprise had income of $12.15 billion in the course of the quarter, in comparison with analyst estimates of $12.09 billion. Throughout the identical quarter within the prior yr, the agency earned $0.83 earnings per share. On common, analysis analysts anticipate that Cisco Techniques, Inc. will put up 2.8 EPS for the present fiscal yr.

The agency additionally lately introduced a quarterly dividend, which shall be paid on Wednesday, October twenty first. Stockholders of report on Friday, October 2nd shall be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized foundation and a dividend yield of three.66%. The ex-dividend date is Thursday, October 1st. Cisco Techniques’s payout ratio is 49.32%.

A number of brokerages have commented on CSCO. Robert W. Baird restated a “maintain” ranking and set a $48.00 worth goal on shares of Cisco Techniques in a analysis be aware on Monday, August tenth. William Blair reaffirmed a “market carry out” ranking on shares of Cisco Techniques in a report on Thursday, August thirteenth. Royal Financial institution of Canada reaffirmed a “purchase” ranking and set a $48.00 goal worth on shares of Cisco Techniques in a report on Thursday, August thirteenth. Citigroup lowered shares of Cisco Techniques from a “purchase” ranking to a “impartial” ranking and minimize their goal worth for the corporate from $48.00 to $43.00 in a report on Monday, October twelfth. Lastly, Financial institution of America minimize their goal worth on shares of Cisco Techniques from $52.00 to $50.00 and set a “purchase” ranking for the corporate in a report on Wednesday, September sixteenth. Two analysts have rated the inventory with a promote ranking, seventeen have assigned a maintain ranking and ten have assigned a purchase ranking to the corporate. The corporate has a median ranking of “Maintain” and a consensus goal worth of $47.05.

In different information, CFO Kelly A. Kramer bought 45,000 shares of the enterprise’s inventory in a transaction dated Wednesday, August twenty sixth. The shares had been bought at a median worth of $42.01, for a complete transaction of $1,890,450.00. Additionally, CAO Prat Bhatt bought 2,873 shares of the enterprise’s inventory in a transaction dated Monday, August seventeenth. The shares had been bought at a median worth of $42.11, for a complete transaction of $120,982.03. Following the transaction, the chief accounting officer now immediately owns 82,006 shares within the firm, valued at roughly $3,453,272.66. The disclosure for this sale will be discovered right here. Insiders have bought 60,166 shares of firm inventory valued at $2,528,248 within the final ninety days. Insiders personal 0.03% of the corporate’s inventory.

Cisco Techniques Profile

Cisco Techniques, Inc designs, manufactures, and sells Web Protocol based mostly networking and different merchandise associated to the communications and data expertise trade worldwide. The corporate presents switching merchandise; routing merchandise that interconnect private and non-private wireline and cellular networks; knowledge middle merchandise; and wi-fi entry factors to be used in voice, video, and knowledge functions.

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

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