Osprey Private Wealth LLC Has $2.99 Million Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Osprey Private Wealth LLC boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 28.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,485 shares of the network equipment provider's stock after buying an additional 10,785 shares during the quarter. Cisco Systems makes up approximately 1.8% of Osprey Private Wealth LLC's holdings, making the stock its 25th largest holding. Osprey Private Wealth LLC's holdings in Cisco Systems were worth $2,992,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CSCO. FPC Investment Advisory Inc. acquired a new position in shares of Cisco Systems in the 4th quarter valued at $26,000. Navigoe LLC acquired a new position in shares of Cisco Systems in the 4th quarter valued at $26,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Cisco Systems in the 4th quarter valued at $26,000. JDM Financial Group LLC lifted its stake in shares of Cisco Systems by 160.4% in the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock valued at $29,000 after purchasing an additional 300 shares during the period. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of Cisco Systems in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Transactions at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 2,407 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $64.01, for a total transaction of $154,072.07. Following the completion of the transaction, the executive vice president now directly owns 177,027 shares in the company, valued at $11,331,498.27. This represents a 1.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Maria Victoria Wong sold 4,185 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $63.51, for a total transaction of $265,789.35. Following the transaction, the senior vice president now owns 38,103 shares of the company's stock, valued at approximately $2,419,921.53. This represents a 9.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,931 shares of company stock worth $4,671,930 in the last three months. Insiders own 0.01% of the company's stock.

Analyst Upgrades and Downgrades

CSCO has been the topic of a number of analyst reports. DZ Bank raised Cisco Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Rosenblatt Securities increased their price target on Cisco Systems from $63.00 to $74.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. upped their price objective 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. Wells Fargo & Company upgraded shares of Cisco Systems from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $72.00 to $75.00 in a research report on Thursday, May 15th. Finally, Citigroup upped their price objective on shares of Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $68.00.

Cisco Systems Stock Down 1.6%

CSCO stock traded down $1.01 during trading hours on Friday, reaching $64.09. 14,630,776 shares of the stock were exchanged, compared to its average volume of 20,142,195. The firm's 50-day moving average is $60.25 and its 200-day moving average is $60.53. The company has a market cap of $253.80 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 4.16 and a beta of 0.88. 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, Inc. has a 12 month low of $44.50 and a 12 month high of $66.50.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its 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. The firm had revenue of $14.15 billion during the quarter, compared to analysts' expectations of $14.05 billion. Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. The company's revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. On average, equities research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm 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 dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.56%. Cisco Systems's dividend payout ratio is 66.94%.

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.