Mercer Global Advisors Inc. ADV Has $45.35 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Mercer Global Advisors Inc. ADV lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 18.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 766,117 shares of the network equipment provider's stock after selling 170,713 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Cisco Systems were worth $45,354,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Mainstream Capital Management LLC acquired a new stake in Cisco Systems during the 4th quarter valued at $132,000. GAMMA Investing LLC raised its stake in shares of Cisco Systems by 13.1% in the fourth quarter. GAMMA Investing LLC now owns 93,357 shares of the network equipment provider's stock worth $5,527,000 after acquiring an additional 10,813 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Cisco Systems by 76.4% in the fourth quarter. Proficio Capital Partners LLC now owns 16,947 shares of the network equipment provider's stock valued at $1,003,000 after purchasing an additional 7,338 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in Cisco Systems during the 3rd quarter worth $502,000. Finally, Nordea Investment Management AB lifted its holdings in Cisco Systems by 1.2% during the 4th quarter. Nordea Investment Management AB now owns 18,718,195 shares of the network equipment provider's stock worth $1,107,930,000 after buying an additional 216,632 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 2,065 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $60.70, for a total transaction of $125,345.50. Following the sale, the executive vice president now owns 191,184 shares in the company, valued at $11,604,868.80. This represents a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Charles Robbins sold 31,983 shares of the business's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the sale, the chief executive officer now directly owns 736,120 shares of the company's stock, valued at approximately $47,413,489.20. This represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,547 shares of company stock worth $4,275,553 over the last ninety days. 0.01% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on CSCO. BNP Paribas upgraded shares of Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 target price on the stock in a report on Tuesday, January 28th. JPMorgan Chase & Co. cut their price objective on Cisco Systems from $73.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Melius raised Cisco Systems from a "hold" rating to a "buy" rating and boosted their target price for the stock from $66.00 to $73.00 in a report on Monday, January 6th. DZ Bank upgraded Cisco Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Finally, StockNews.com cut shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $65.05.

Cisco Systems Stock Down 0.2 %

NASDAQ CSCO traded down $0.10 on Tuesday, hitting $59.22. 5,864,235 shares of the stock were exchanged, compared to its average volume of 20,189,720. The company has a market cap of $235.60 billion, a PE ratio of 25.84, a PEG ratio of 4.16 and a beta of 0.89. The company has a 50-day moving average price of $59.11 and a 200-day moving average price of $59.38. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $66.50.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. Sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems announced that its Board of Directors has authorized a share buyback program on Wednesday, February 12th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the network equipment provider to purchase up to 6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd were given a $0.41 dividend. This is an increase from Cisco Systems's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Thursday, April 3rd. Cisco Systems's dividend payout ratio is currently 71.62%.

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.