Claris Advisors LLC MO Increases Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Claris Advisors LLC MO lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 123.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,387 shares of the network equipment provider's stock after buying an additional 6,297 shares during the quarter. Claris Advisors LLC MO's holdings in Cisco Systems were worth $703,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. FNY Investment Advisers LLC grew its stake in shares of Cisco Systems by 631,566.7% during the 1st quarter. FNY Investment Advisers LLC now owns 18,950 shares of the network equipment provider's stock worth $1,169,000 after purchasing an additional 18,947 shares during the period. QRG Capital Management Inc. increased its holdings in Cisco Systems by 8.5% in the first quarter. QRG Capital Management Inc. now owns 857,001 shares of the network equipment provider's stock valued at $52,886,000 after buying an additional 66,784 shares in the last quarter. Sentry LLC boosted its stake in shares of Cisco Systems by 2.7% during the 1st quarter. Sentry LLC now owns 25,454 shares of the network equipment provider's stock worth $1,571,000 after acquiring an additional 673 shares in the last quarter. Sagespring Wealth Partners LLC grew its holdings in shares of Cisco Systems by 30.1% in the 1st quarter. Sagespring Wealth Partners LLC now owns 50,270 shares of the network equipment provider's stock worth $3,102,000 after acquiring an additional 11,644 shares during the period. Finally, Great Lakes Retirement Inc. increased its stake in Cisco Systems by 5.6% in the 1st quarter. Great Lakes Retirement Inc. now owns 22,253 shares of the network equipment provider's stock valued at $1,373,000 after purchasing an additional 1,173 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Buying and Selling at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 9,643 shares of the firm's stock in a transaction dated 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 directly owns 181,186 shares in the company, valued at $11,505,311. This trade represents a 5.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles Robbins sold 29,784 shares of Cisco Systems stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $64.61, for a total value of $1,924,344.24. Following the completion of the transaction, the chief executive officer now directly owns 688,409 shares in the company, valued at $44,478,105.49. This represents a 4.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,931 shares of company stock worth $4,671,930 in the last quarter. 0.01% of the stock is owned by insiders.

Cisco Systems Trading Up 2.2%

Shares of CSCO stock traded up $1.42 during mid-day trading on Monday, hitting $65.51. 16,881,288 shares of the company's stock were exchanged, compared to its average volume of 20,148,661. The stock has a market cap of $259.42 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 4.16 and a beta of 0.88. The stock has a 50-day simple moving average of $60.47 and a two-hundred day simple moving average of $60.58. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $66.50. 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 issued its quarterly earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.04. Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. The firm had revenue of $14.15 billion for the quarter, compared to analyst estimates of $14.05 billion. During the same period last year, the company earned $0.88 EPS. The firm's quarterly revenue was up 11.4% on a year-over-year basis. Equities analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Thursday, July 3rd. Cisco Systems's dividend payout ratio is currently 66.94%.

Analysts Set New Price Targets

A number of research firms have commented on CSCO. Rosenblatt Securities boosted their target price on Cisco Systems from $63.00 to $74.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Citigroup lifted their price target on Cisco Systems from $68.00 to $71.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. DZ Bank raised shares of Cisco Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Evercore ISI lifted their target price on shares of Cisco Systems from $67.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Finally, JPMorgan Chase & Co. increased their price target on shares of Cisco Systems from $70.00 to $73.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.11.

Cisco Systems Profile

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.