Park Place Capital Corp Has $437,000 Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Park Place Capital Corp decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 8.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,219 shares of the network equipment provider’s stock after selling 754 shares during the period. Park Place Capital Corp’s holdings in Cisco Systems were worth $437,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CSCO. Clean Yield Group raised its holdings in shares of Cisco Systems by 14.7% in the 3rd quarter. Clean Yield Group now owns 122,670 shares of the network equipment provider’s stock worth $6,529,000 after acquiring an additional 15,714 shares during the last quarter. Financial Synergies Wealth Advisors Inc. bought a new stake in Cisco Systems during the 3rd quarter worth approximately $206,000. Alpha Cubed Investments LLC raised its stake in shares of Cisco Systems by 1.8% in the third quarter. Alpha Cubed Investments LLC now owns 425,138 shares of the network equipment provider’s stock worth $22,626,000 after purchasing an additional 7,686 shares during the last quarter. Callan Family Office LLC lifted its holdings in shares of Cisco Systems by 15.2% in the third quarter. Callan Family Office LLC now owns 18,948 shares of the network equipment provider’s stock valued at $1,008,000 after purchasing an additional 2,495 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Cisco Systems by 16.6% in the third quarter. Versant Capital Management Inc now owns 6,068 shares of the network equipment provider’s stock valued at $323,000 after purchasing an additional 864 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

CSCO has been the subject of a number of analyst reports. HSBC raised Cisco Systems from a “hold” rating to a “buy” rating and increased their price target for the company from $46.00 to $58.00 in a research report on Friday, August 16th. JPMorgan Chase & Co. increased their target price on shares of Cisco Systems from $53.00 to $55.00 and gave the company a “hold” rating in a report on Thursday, August 8th. Despite investors’ hopes for a rebound in Networking Equipment demand to boost Cisco’s fourth-quarter 2024 performance, the anticipation is tempered by limited indications of a significant recovery in demand. Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Cisco Systems from $52.00 to $53.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Finally, Barclays dropped their target price on shares of Cisco Systems from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $55.00.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $52.73 on Wednesday. The company has a 50-day moving average price of $49.67 and a two-hundred day moving average price of $48.28. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $54.58. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $212.44 billion, a PE ratio of 17.75, a P/E/G ratio of 4.11 and a beta of 0.83.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.85 by $0.02. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The company had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same period last year, the firm earned $1.01 EPS. Cisco Systems’s revenue for the quarter was down 10.3% on a year-over-year basis. Equities analysts forecast that Cisco Systems, Inc. will post 2.9 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.03%. Cisco Systems’s payout ratio is 53.87%.

Insider Buying and Selling

In other Cisco Systems news, SVP Maria Victoria Wong sold 638 shares of Cisco Systems stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $49.09, for a total transaction of $31,319.42. Following the completion of the transaction, the senior vice president now owns 46,017 shares of the company’s stock, valued at $2,258,974.53. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Maria Victoria Wong sold 638 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $49.09, for a total value of $31,319.42. Following the sale, the senior vice president now owns 46,017 shares in the company, valued at approximately $2,258,974.53. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Thimaya K. Subaiya sold 1,328 shares of Cisco Systems stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $48.92, for a total value of $64,965.76. Following the sale, the executive vice president now directly owns 132,910 shares of the company’s stock, valued at $6,501,957.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,529 shares of company stock valued at $3,509,049. Corporate insiders own 0.02% of the company’s stock.

About Cisco Systems

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. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.