5,021 Shares in Cisco Systems, Inc. (NASDAQ:CSCO) Bought by Leigh Baldwin & CO. LLC

Leigh Baldwin & CO. LLC bought a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,021 shares of the network equipment provider's stock, valued at approximately $297,000.

Several other hedge funds have also recently added to or reduced their stakes in CSCO. Tallon Kerry Patrick acquired a new stake in Cisco Systems during the 4th quarter valued at $603,000. Brighton Jones LLC boosted its position in Cisco Systems by 49.5% during the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock worth $4,392,000 after acquiring an additional 24,562 shares during the period. Exchange Traded Concepts LLC grew its stake in Cisco Systems by 60.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 8,219 shares of the network equipment provider's stock valued at $487,000 after acquiring an additional 3,093 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Cisco Systems by 87.5% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,706 shares of the network equipment provider's stock valued at $101,000 after purchasing an additional 796 shares during the period. Finally, Insight Inv LLC lifted its position in shares of Cisco Systems by 3.3% in the fourth quarter. Insight Inv LLC now owns 39,963 shares of the network equipment provider's stock worth $2,366,000 after purchasing an additional 1,271 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Cisco Systems from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. The Goldman Sachs Group increased their price objective on Cisco Systems from $56.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. New Street Research reiterated a "neutral" rating and issued a $70.00 target price on shares of Cisco Systems in a research note on Friday, May 16th. Evercore ISI boosted 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, UBS Group raised their price target on shares of Cisco Systems from $62.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Cisco Systems has a consensus rating of "Moderate Buy" and an average price target of $68.00.

Insider Buying and Selling at Cisco Systems

In related news, SVP Maria Victoria Wong sold 762 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $60.99, for a total value of $46,474.38. Following the completion of the sale, the senior vice president now owns 44,155 shares of the company's stock, valued at $2,693,013.45. This trade represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeetendra I. Patel sold 9,961 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $63.97, for a total transaction of $637,205.17. Following the sale, the insider now directly owns 257,162 shares of the company's stock, valued at $16,450,653.14. This represents a 3.73% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,431 shares of company stock valued at $1,421,356. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO traded down $0.29 during mid-day trading on Thursday, hitting $63.05. The company had a trading volume of 13,981,411 shares, compared to its average volume of 20,279,956. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $66.50. The firm has a market cap of $249.68 billion, a P/E ratio of 27.53, a PEG ratio of 4.16 and a beta of 0.89. The business's 50-day simple moving average is $59.22 and its 200-day simple moving average is $60.04. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The network equipment provider reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.04. The company had revenue of $14.15 billion during the quarter, compared to the consensus estimate of $14.05 billion. Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. The company's quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the company earned $0.88 EPS. As a group, analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Thursday, July 3rd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, July 3rd. Cisco Systems's dividend payout ratio (DPR) is presently 66.94%.

Cisco Systems announced that its board has initiated a stock buyback plan on Wednesday, February 12th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the network equipment provider to reacquire up to 6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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.