Wealthfront Advisers LLC Has $32.19 Million Stock Position in Cisco Systems, Inc. $CSCO

Wealthfront Advisers LLC increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 417,912 shares of the network equipment provider's stock after acquiring an additional 43,144 shares during the quarter. Wealthfront Advisers LLC's holdings in Cisco Systems were worth $32,192,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSCO. Arrowstreet Capital Limited Partnership lifted its stake in shares of Cisco Systems by 110.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 18,406,442 shares of the network equipment provider's stock worth $1,259,369,000 after acquiring an additional 9,648,265 shares during the period. Wellington Management Group LLP lifted its stake in shares of Cisco Systems by 19.5% in the third quarter. Wellington Management Group LLP now owns 33,748,414 shares of the network equipment provider's stock worth $2,309,066,000 after acquiring an additional 5,498,375 shares during the period. Invesco Ltd. lifted its stake in shares of Cisco Systems by 10.5% in the third quarter. Invesco Ltd. now owns 53,612,720 shares of the network equipment provider's stock worth $3,668,182,000 after acquiring an additional 5,081,469 shares during the period. Vanguard Group Inc. lifted its stake in Cisco Systems by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 398,943,293 shares of the network equipment provider's stock valued at $30,730,602,000 after buying an additional 4,049,893 shares during the period. Finally, Danske Bank A S acquired a new position in Cisco Systems in the third quarter valued at approximately $233,956,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cisco Systems news, EVP Oliver Tuszik sold 3,132 shares of the firm's stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $79.74, for a total value of $249,745.68. Following the completion of the transaction, the executive vice president owned 188,613 shares in the company, valued at $15,040,000.62. This trade represents a 1.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles Robbins sold 19,545 shares of the firm's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $76.00, for a total value of $1,485,420.00. Following the completion of the transaction, the chief executive officer owned 671,095 shares of the company's stock, valued at approximately $51,003,220. This represents a 2.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 46,431 shares of company stock worth $3,574,820 over the last quarter. Insiders own 0.01% of the company's stock.

Cisco Systems Stock Down 0.8%

CSCO stock opened at $88.26 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 0.96. The company has a market capitalization of $348.62 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 3.35 and a beta of 0.83. Cisco Systems, Inc. has a fifty-two week low of $56.42 and a fifty-two week high of $90.45. The stock has a fifty day moving average of $80.78 and a 200-day moving average of $77.62.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.02. The company had revenue of $15.35 billion during the quarter, compared to the consensus estimate of $15.11 billion. Cisco Systems had a return on equity of 27.88% and a net margin of 19.22%.The firm's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.94 EPS. As a group, equities research analysts predict that Cisco Systems, Inc. will post 3.4 earnings per share for the current year.

Cisco Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Thursday, April 2nd were paid a $0.42 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $1.68 annualized dividend and a yield of 1.9%. This is an increase from Cisco Systems's previous quarterly dividend of $0.41. Cisco Systems's dividend payout ratio is 58.95%.

Analysts Set New Price Targets

CSCO has been the topic of several recent analyst reports. Zacks Research lowered Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 13th. Citigroup boosted their price target on Cisco Systems from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, February 12th. DZ Bank raised Cisco Systems to a "strong-buy" rating in a research note on Friday, February 13th. UBS Group boosted their price objective on Cisco Systems from $90.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, February 12th. Finally, JPMorgan Chase & Co. boosted their price objective on Cisco Systems from $95.00 to $96.00 and gave the company an "overweight" rating in a report on Thursday, April 16th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, Cisco Systems has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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