Aurora Private Wealth Inc. Purchases Shares of 16,140 Cisco Systems, Inc. (NASDAQ:CSCO)

Aurora Private Wealth Inc. bought a new position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,140 shares of the network equipment provider's stock, valued at approximately $996,000.

A number of other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC raised its stake in shares of Cisco Systems by 49.5% during the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock valued at $4,392,000 after purchasing an additional 24,562 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Cisco Systems by 37.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock worth $542,000 after buying an additional 2,474 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its position in shares of Cisco Systems by 20.2% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 39,675 shares of the network equipment provider's stock worth $2,349,000 after buying an additional 6,671 shares in the last quarter. Lake Street Advisors Group LLC boosted its holdings in shares of Cisco Systems by 3.1% in the fourth quarter. Lake Street Advisors Group LLC now owns 49,797 shares of the network equipment provider's stock valued at $2,948,000 after acquiring an additional 1,493 shares in the last quarter. Finally, Richard Bernstein Advisors LLC acquired a new position in shares of Cisco Systems during the fourth quarter valued at approximately $3,483,000. Institutional investors own 73.33% of the company's stock.

Insider Buying and Selling

In related news, CEO Charles Robbins sold 29,784 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $64.61, for a total transaction of $1,924,344.24. Following the completion of the sale, the chief executive officer now owns 688,409 shares in the company, valued at $44,478,105.49. This represents a 4.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 9,643 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $63.50, for a total value of $612,330.50. Following the transaction, the executive vice president now owns 181,186 shares of the company's stock, valued at approximately $11,505,311. This trade represents a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 97,335 shares of company stock valued at $6,271,054. Company insiders own 0.01% of the company's stock.

Cisco Systems Stock Down 0.4%

Shares of Cisco Systems stock traded down $0.30 during trading on Friday, hitting $68.65. 26,213,514 shares of the stock traded hands, compared to its average volume of 20,249,969. The stock has a market cap of $271.85 billion, a P/E ratio of 28.02, a PEG ratio of 4.12 and a beta of 0.88. The company has a fifty day moving average price of $62.31 and a two-hundred day moving average price of $61.02. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $69.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.87 and a current ratio of 0.95.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.04. Cisco Systems had a net margin of 17.60% and a return on equity of 26.48%. The firm had revenue of $14.15 billion during the quarter, compared to analysts' expectations of $14.05 billion. During the same period in the previous year, the company earned $0.88 earnings per share. The company's revenue was up 11.4% compared to the same quarter last year. Equities research analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Thursday, July 3rd. Cisco Systems's payout ratio is 66.94%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CSCO shares. Wells Fargo & Company upgraded Cisco Systems from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $72.00 to $75.00 in a research report on Thursday, May 15th. Morgan Stanley restated a "hold" rating on shares of Cisco Systems in a report on Wednesday, May 21st. Wall Street Zen raised Cisco Systems from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Barclays restated an "equal weight" rating on shares of Cisco Systems in a research report on Wednesday, May 21st. Finally, New Street Research reiterated a "neutral" rating and issued a $70.00 target price on shares of Cisco Systems in a report on Friday, May 16th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.53.

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.