Strategy Asset Managers LLC Has $11.20 Million Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Key Points

• Strategy Asset Managers LLC increased its holdings in Cisco Systems by 5.3% during the 1st quarter, bringing its total to approximately $11.20 million, which represents about 2.3% of its overall investment portfolio.
• Insiders at Cisco Systems recently sold significant shares, with Executive Vice President Deborah L. Stahlkopf selling 9,643 shares for over $612,000, indicating a 5.05% decrease in her position.
• Cisco Systems declared a quarterly dividend of $0.41 per share, translating to an annual yield of 2.4%, with a current dividend payout ratio of 66.94%.

Strategy Asset Managers LLC increased its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 5.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,457 shares of the network equipment provider's stock after purchasing an additional 9,160 shares during the period. Cisco Systems makes up 2.3% of Strategy Asset Managers LLC's investment portfolio, making the stock its 8th largest holding. Strategy Asset Managers LLC's holdings in Cisco Systems were worth $11,198,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Navigoe LLC purchased a new stake in Cisco Systems in the 4th quarter valued at about $26,000. Mpwm Advisory Solutions LLC bought a new position in shares of Cisco Systems in the fourth quarter valued at approximately $26,000. JDM Financial Group LLC increased its position in shares of Cisco Systems by 160.4% during the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock valued at $29,000 after acquiring an additional 300 shares during the last quarter. Fairway Wealth LLC boosted its position in Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after purchasing an additional 400 shares during the last quarter. Finally, Accent Capital Management LLC purchased a new position in Cisco Systems in the first quarter worth $36,000. Institutional investors own 73.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CSCO. Barclays reiterated an "equal weight" rating on shares of Cisco Systems in a research note on Wednesday, May 21st. KeyCorp started coverage on shares of Cisco Systems in a research report on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price objective on the stock. CICC Research started coverage on shares of Cisco Systems in a research report on Monday, July 14th. They set an "outperform" rating and a $78.00 target price for the company. Wolfe Research initiated coverage on shares of Cisco Systems in a report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Finally, Wall Street Zen downgraded Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Eight analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $70.55.

Insider Activity

In related news, SVP Maria Victoria Wong sold 762 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $64.07, for a total transaction of $48,821.34. Following the transaction, the senior vice president directly owned 36,937 shares of the company's stock, valued at approximately $2,366,553.59. This trade represents a 2.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeetendra I. Patel sold 899 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $64.27, for a total value of $57,778.73. Following the completion of the sale, the insider directly owned 255,377 shares of the company's stock, valued at approximately $16,413,079.79. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,335 shares of company stock worth $6,271,054. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Price Performance

Cisco Systems stock traded up $1.69 during midday trading on Wednesday, hitting $69.21. 23,097,640 shares of the company's stock were exchanged, compared to its average volume of 16,347,027. The company has a market cap of $274.07 billion, a P/E ratio of 28.25, a PEG ratio of 3.78 and a beta of 0.91. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.87 and a current ratio of 0.95. The stock has a 50-day moving average price of $67.17 and a two-hundred day moving average price of $62.89. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $69.78.

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, beating analysts' consensus estimates of $0.92 by $0.04. The firm 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 26.48% and a net margin of 17.60%. The company's revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the company posted $0.88 EPS. On average, equities research analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd were given a dividend of $0.41 per share. The ex-dividend date was Thursday, July 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. Cisco Systems's dividend payout ratio (DPR) 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.