Cisco Systems, Inc. (NASDAQ:CSCO) Shares Purchased by Focus Partners Wealth

Focus Partners Wealth lifted its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,853,524 shares of the network equipment provider's stock after buying an additional 134,715 shares during the quarter. Focus Partners Wealth's holdings in Cisco Systems were worth $110,301,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSCO. FPC Investment Advisory Inc. bought a new stake in Cisco Systems in the fourth quarter valued at $26,000. Navigoe LLC bought a new stake in Cisco Systems in the fourth quarter valued at $26,000. Runnymede Capital Advisors Inc. bought a new stake in Cisco Systems in the fourth quarter valued at $30,000. Campbell Capital Management Inc. bought a new stake in Cisco Systems in the fourth quarter valued at $31,000. Finally, Highline Wealth Partners LLC grew its holdings in shares of Cisco Systems by 76.7% during the fourth quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider's stock worth $35,000 after purchasing an additional 260 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. StockNews.com lowered Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 5th. Barclays restated an "equal weight" rating on shares of Cisco Systems in a research note on Thursday, March 6th. DZ Bank upgraded Cisco Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. The Goldman Sachs Group raised their target price on Cisco Systems from $56.00 to $63.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, UBS Group raised their target price on Cisco Systems from $62.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $65.05.

Insider Activity

In other news, EVP Deborah L. Stahlkopf sold 11,808 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $64.37, for a total value of $760,080.96. Following the completion of the sale, the executive vice president now owns 200,191 shares of the company's stock, valued at $12,886,294.67. This trade represents a 5.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles Robbins sold 31,983 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $64.41, for a total value of $2,060,025.03. Following the completion of the sale, the chief executive officer now directly owns 736,120 shares of the company's stock, valued at $47,413,489.20. The trade was a 4.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,547 shares of company stock valued at $4,275,553 in the last ninety days. Insiders own 0.01% of the company's stock.

Cisco Systems Stock Up 3.2%

Shares of NASDAQ CSCO traded up $1.90 during trading on Monday, reaching $61.67. The company had a trading volume of 23,689,605 shares, compared to its average volume of 20,314,571. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $66.50. The stock has a market cap of $245.34 billion, a PE ratio of 26.93, a P/E/G ratio of 4.16 and a beta of 0.89. The business's 50-day moving average is $58.73 and its 200 day moving average is $59.51. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.14). Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. As a group, equities analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.66%. This is a positive change from Cisco Systems's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 3rd. Cisco Systems's dividend payout ratio (DPR) is presently 71.62%.

Cisco Systems declared that its board has authorized a share repurchase program on Wednesday, February 12th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the network equipment provider to reacquire up to 6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

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.