Cwm LLC Buys 21,308 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

CWM LLC grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,011,430 shares of the network equipment provider's stock after purchasing an additional 21,308 shares during the quarter. CWM LLC's holdings in Cisco Systems were worth $51,097,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CSCO. Kathleen S. Wright Associates Inc. acquired a new position in Cisco Systems during the third quarter valued at approximately $27,000. Valued Wealth Advisors LLC acquired a new position in Cisco Systems during the fourth quarter valued at approximately $32,000. Fortis Capital Advisors LLC acquired a new position in Cisco Systems during the fourth quarter valued at approximately $34,000. Morton Brown Family Wealth LLC grew its holdings in Cisco Systems by 41.9% during the fourth quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 208 shares during the period. Finally, Bourgeon Capital Management LLC grew its holdings in Cisco Systems by 3,500.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 700 shares during the period. Institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Up 0.4 %

CSCO traded up $0.21 during trading on Friday, reaching $48.32. 20,964,433 shares of the stock were exchanged, compared to its average volume of 16,323,960. Cisco Systems, Inc. has a twelve month low of $45.56 and a twelve month high of $58.19. The stock has a market cap of $195.66 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 2.76 and a beta of 0.87. The stock's 50 day moving average price is $49.07 and its two-hundred day moving average price is $50.23. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.37.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.84 by $0.03. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The firm had revenue of $12.79 billion for the quarter, compared to the consensus estimate of $12.71 billion. During the same period in the previous year, the company earned $0.76 earnings per share. The company's quarterly revenue was down 5.9% on a year-over-year basis. Equities analysts expect that Cisco Systems, Inc. will post 3.14 EPS for the current year.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th will be issued a $0.40 dividend. This is an increase from Cisco Systems's previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Wednesday, April 3rd. Cisco Systems's payout ratio is currently 48.63%.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of the company's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the transaction, the senior vice president now directly owns 58,121 shares in the company, valued at $2,906,050. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Maria Victoria Wong sold 2,497 shares of the company's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the transaction, the senior vice president now directly owns 58,121 shares in the company, valued at $2,906,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard Scott Herren sold 13,942 shares of the company's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $50.00, for a total transaction of $697,100.00. Following the completion of the transaction, the chief financial officer now owns 328,491 shares in the company, valued at $16,424,550. The disclosure for this sale can be found here. Insiders have sold a total of 19,441 shares of company stock worth $972,080 over the last ninety days. Insiders own 0.02% of the company's stock.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of research reports. Morgan Stanley initiated coverage on shares of Cisco Systems in a research note on Tuesday, April 9th. They issued an "overweight" rating and a $58.00 price target on the stock. Melius Research reaffirmed a "hold" rating and issued a $55.00 price target on shares of Cisco Systems in a research note on Monday, January 8th. Melius lowered shares of Cisco Systems from a "buy" rating to a "hold" rating in a research note on Monday, January 8th. Needham & Company LLC reaffirmed a "hold" rating on shares of Cisco Systems in a research note on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Cisco Systems from $51.00 to $52.00 and gave the stock a "hold" rating in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $56.03.

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.