Dakota Wealth Management Acquires 40,056 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Dakota Wealth Management boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 26.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,269 shares of the network equipment provider's stock after purchasing an additional 40,056 shares during the quarter. Dakota Wealth Management's holdings in Cisco Systems were worth $9,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CSCO. Kathleen S. Wright Associates Inc. purchased a new stake in Cisco Systems during the third quarter valued at about $27,000. Valued Wealth Advisors LLC bought a new stake in Cisco Systems in the 4th quarter worth approximately $32,000. Morton Brown Family Wealth LLC boosted its stake in Cisco Systems by 41.9% in the fourth quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider's stock worth $36,000 after buying an additional 208 shares in the last quarter. Fortis Capital Advisors LLC bought a new position in Cisco Systems during the fourth quarter valued at approximately $34,000. Finally, Hibernia Wealth Partners LLC purchased a new position in shares of Cisco Systems during the third quarter worth approximately $42,000. 73.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of the business's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the transaction, the senior vice president now owns 58,121 shares in the company, valued at $2,906,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction of $150,130.02. Following the transaction, the executive vice president now directly owns 191,559 shares of the company's stock, valued at $9,579,865.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Maria Victoria Wong sold 2,497 shares of the company's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the sale, the senior vice president now owns 58,121 shares of the company's stock, valued at approximately $2,906,050. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,441 shares of company stock worth $972,080. Corporate insiders own 0.02% of the company's stock.

Cisco Systems Stock Down 0.5 %

NASDAQ CSCO traded down $0.25 during mid-day trading on Monday, reaching $48.24. The stock had a trading volume of 20,300,607 shares, compared to its average volume of 19,725,441. The company has a fifty day moving average price of $49.25 and a 200 day moving average price of $50.41. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26. Cisco Systems, Inc. has a 1 year low of $45.56 and a 1 year high of $58.19. The stock has a market cap of $195.33 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 2.78 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.03. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The business had revenue of $12.79 billion for the quarter, compared to analysts' expectations of $12.71 billion. During the same quarter in the previous year, the business posted $0.76 earnings per share. The business's revenue was down 5.9% compared to the same quarter last year. On average, research analysts expect that Cisco Systems, Inc. will post 3.15 earnings per share for the current year.

Cisco Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th will be given a $0.40 dividend. This is an increase from Cisco Systems's previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 3.32%. Cisco Systems's dividend payout ratio is presently 48.63%.

Analyst Ratings Changes

CSCO has been the topic of a number of analyst reports. Wells Fargo & Company began coverage on shares of Cisco Systems in a research report on Thursday, February 15th. They issued an "equal weight" rating and a $52.00 target price on the stock. StockNews.com lowered shares of Cisco Systems from a "buy" rating to a "hold" rating in a report on Thursday, February 15th. Morgan Stanley assumed coverage on shares of Cisco Systems in a research note on Tuesday, April 9th. They set an "overweight" rating and a $58.00 price objective for the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Cisco Systems in a research note on Tuesday, April 9th. Finally, Citigroup began coverage on shares of Cisco Systems in a report on Friday. They issued a "neutral" rating and a $52.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $56.03.

Cisco Systems 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.