KPP Advisory Services LLC Has $1.66 Million Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

KPP Advisory Services LLC raised its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 94.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,939 shares of the network equipment provider's stock after buying an additional 13,074 shares during the quarter. KPP Advisory Services LLC's holdings in Cisco Systems were worth $1,662,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Cisco Systems news, CEO Charles Robbins sold 29,784 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now owns 688,409 shares of the company's stock, valued at approximately $44,478,105.49. The trade was a 4.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thimaya K. Subaiya sold 8,726 shares of Cisco Systems stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $65.54, for a total transaction of $571,902.04. Following the sale, the executive vice president now directly owns 174,669 shares in the company, valued at $11,447,806.26. This trade represents a 4.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,335 shares of company stock valued at $6,271,054 over the last 90 days. 0.01% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CSCO has been the subject of several recent research reports. Barclays restated an "equal weight" rating on shares of Cisco Systems in a report on Wednesday, May 21st. New Street Research restated a "neutral" rating and set a $70.00 price objective on shares of Cisco Systems in a research note on Friday, May 16th. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a "hold" rating to a "buy" rating and raised their price objective for the company from $65.00 to $73.00 in a report on Monday, June 16th. KeyCorp began coverage on Cisco Systems in a report on Thursday. They set an "overweight" rating and a $77.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their price target on Cisco Systems from $70.00 to $73.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $69.53.

Cisco Systems Stock Performance

Cisco Systems stock traded down $0.30 during mid-day trading on Friday, hitting $68.65. 26,213,514 shares of the company's stock traded hands, compared to its average volume of 20,249,969. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $69.25. The stock has a market cap of $271.85 billion, a price-to-earnings ratio of 28.02, a P/E/G ratio of 4.12 and a beta of 0.88. The firm has a 50 day simple moving average of $62.57 and a two-hundred day simple moving average of $61.08. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.95 and a quick ratio of 0.87.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. Cisco Systems had a net margin of 17.60% and a return on equity of 26.48%. The business had revenue of $14.15 billion during the quarter, compared to the consensus estimate of $14.05 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. Cisco Systems's revenue was up 11.4% compared to the same quarter last year. On average, research 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. Investors of record on Thursday, July 3rd will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, July 3rd. Cisco Systems's dividend payout ratio (DPR) is currently 66.94%.

Cisco Systems Company 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.