Schaper Benz & Wise Investment Counsel Inc. WI Raises Position in Cisco Systems, Inc. (CSCO)

Schaper Benz & Wise Investment Counsel Inc. WI boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 467,026 shares of the network equipment provider’s stock after buying an additional 450 shares during the period. Cisco Systems accounts for 2.7% of Schaper Benz & Wise Investment Counsel Inc. WI’s investment portfolio, making the stock its 6th largest position. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Cisco Systems were worth $15,785,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Seven Eight Capital LP purchased a new position in shares of Cisco Systems during the fourth quarter worth approximately $112,000. Financial Management Professionals Inc. boosted its position in shares of Cisco Systems by 17.7% in the first quarter. Financial Management Professionals Inc. now owns 4,218 shares of the network equipment provider’s stock valued at $118,000 after buying an additional 635 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Cisco Systems during the fourth quarter valued at about $128,000. Jackson Grant Investment Advisers Inc. boosted its position in shares of Cisco Systems by 4,150.0% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 4,250 shares of the network equipment provider’s stock valued at $128,000 after buying an additional 4,150 shares during the last quarter. Finally, Baystate Wealth Management LLC boosted its position in shares of Cisco Systems by 24.5% in the first quarter. Baystate Wealth Management LLC now owns 7,537 shares of the network equipment provider’s stock valued at $146,000 after buying an additional 1,484 shares during the last quarter. Institutional investors own 75.39% of the company’s stock.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at 31.52 on Friday. The stock has a market capitalization of $157.60 billion, a P/E ratio of 16.00 and a beta of 1.24. Cisco Systems, Inc. has a 52-week low of $29.12 and a 52-week high of $34.60. The firm’s 50-day moving average price is $31.57 and its 200-day moving average price is $32.44.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, May 17th. The network equipment provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. The business had revenue of $11.94 billion during the quarter, compared to analyst estimates of $11.90 billion. Cisco Systems had a return on equity of 17.31% and a net margin of 20.61%. The company’s revenue was down .5% compared to the same quarter last year. During the same period last year, the company posted $0.57 EPS. Equities analysts forecast that Cisco Systems, Inc. will post $2.38 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Friday, July 7th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.68%. The ex-dividend date was Wednesday, July 5th. Cisco Systems’s dividend payout ratio is presently 58.29%.

Several equities analysts have recently issued reports on CSCO shares. Zacks Investment Research cut Cisco Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Morgan Stanley upgraded Cisco Systems from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $33.45 to $39.00 in a research note on Monday, May 15th. Credit Suisse Group upgraded Cisco Systems from an “underperform” rating to an “outperform” rating and lifted their price objective for the company from $27.00 to $40.00 in a research note on Thursday, April 27th. Barclays PLC reiterated an “overweight” rating on shares of Cisco Systems in a research note on Saturday, April 22nd. Finally, Vetr upgraded Cisco Systems from a “buy” rating to a “strong-buy” rating and set a $37.32 price objective for the company in a research note on Tuesday, April 11th. Thirteen investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $35.31.

In other news, SVP Karen Walker sold 7,802 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $31.29, for a total value of $244,124.58. Following the completion of the sale, 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 is accessible through this link. Also, insider John T. Chambers sold 295,537 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was 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. Over the last three months, insiders have sold 396,179 shares of company stock valued at $12,503,407. Corporate insiders own 0.11% of the company’s stock.

Cisco Systems Company Profile

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).

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