Westwood Holdings Group Inc. Has $13.15 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Westwood Holdings Group Inc. cut its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 222,180 shares of the network equipment provider's stock after selling 20,760 shares during the quarter. Westwood Holdings Group Inc.'s holdings in Cisco Systems were worth $13,153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Tallon Kerry Patrick acquired a new position in shares of Cisco Systems during the 4th quarter valued at about $603,000. Ameritas Advisory Services LLC grew its stake in Cisco Systems by 6.9% in the 4th quarter. Ameritas Advisory Services LLC now owns 50,077 shares of the network equipment provider's stock valued at $2,965,000 after buying an additional 3,252 shares during the last quarter. Krilogy Financial LLC grew its stake in Cisco Systems by 9.4% in the 4th quarter. Krilogy Financial LLC now owns 11,622 shares of the network equipment provider's stock valued at $688,000 after buying an additional 1,001 shares during the last quarter. Grove Bank & Trust grew its stake in Cisco Systems by 8.8% in the 4th quarter. Grove Bank & Trust now owns 15,024 shares of the network equipment provider's stock valued at $889,000 after buying an additional 1,221 shares during the last quarter. Finally, Ellsworth Advisors LLC grew its stake in Cisco Systems by 1.7% in the 4th quarter. Ellsworth Advisors LLC now owns 104,744 shares of the network equipment provider's stock valued at $6,201,000 after buying an additional 1,711 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Maria Victoria Wong sold 762 shares of the 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 transaction, the senior vice president now directly owns 44,155 shares in the company, valued at $2,693,013.45. This represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Deborah L. Stahlkopf sold 11,808 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $64.37, for a total value of $760,080.96. Following the completion of the transaction, the executive vice president now directly owns 200,191 shares in the company, valued at approximately $12,886,294.67. This trade represents a 5.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,635 shares of company stock valued at $931,901 over the last 90 days. 0.01% of the stock is owned by company insiders.

Cisco Systems Stock Up 0.5%

Shares of CSCO opened at $63.92 on Tuesday. The company has a market capitalization of $254.29 billion, a P/E ratio of 27.91, a PEG ratio of 4.16 and a beta of 0.89. 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 one year low of $44.50 and a one year high of $66.50. The business's 50 day simple moving average is $58.82 and its 200-day simple moving average is $59.78.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted 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. Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. The company had revenue of $14.15 billion for the quarter, compared to analyst estimates of $14.05 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The business's revenue was up 11.4% on a year-over-year basis. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems declared that its board has authorized a stock repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the network equipment provider to buy up to 6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Cisco Systems Announces Dividend

The company also recently declared 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. This represents a $1.64 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, July 3rd. Cisco Systems's dividend payout ratio (DPR) is presently 66.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CSCO shares. Barclays upped their price target on shares of Cisco Systems from $61.00 to $66.00 and gave the company an "equal weight" rating in a report on Thursday, May 15th. Citigroup raised their target price on Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Rosenblatt Securities raised their price objective on shares of Cisco Systems from $63.00 to $74.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. The Goldman Sachs Group raised their price objective on shares of Cisco Systems from $56.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Finally, StockNews.com upgraded shares of Cisco Systems from a "buy" rating to a "strong-buy" rating in a research report on Friday. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $68.00.

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.

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