Kestra Private Wealth Services LLC Grows Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Kestra Private Wealth Services LLC increased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 6.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 350,513 shares of the network equipment provider's stock after acquiring an additional 22,386 shares during the period. Kestra Private Wealth Services LLC's holdings in Cisco Systems were worth $17,708,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Kathleen S. Wright Associates Inc. acquired a new position in Cisco Systems in the third quarter valued at about $27,000. Valued Wealth Advisors LLC acquired a new position in shares of Cisco Systems in the 4th quarter worth approximately $32,000. Morton Brown Family Wealth LLC boosted its position in shares of Cisco Systems by 41.9% during the 4th quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider's stock worth $36,000 after purchasing an additional 208 shares during the period. Bourgeon Capital Management LLC increased its holdings in Cisco Systems by 3,500.0% in the 4th 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 last quarter. Finally, Rakuten Securities Inc. purchased a new stake in Cisco Systems in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CSCO. StockNews.com downgraded Cisco Systems from a "buy" rating to a "hold" rating in a report on Thursday, February 15th. Morgan Stanley started coverage on shares of Cisco Systems in a research report on Tuesday, April 9th. They set an "overweight" rating and a $58.00 price target on the stock. JPMorgan Chase & Co. began coverage on shares of Cisco Systems in a report on Monday, April 22nd. They issued a "neutral" rating and a $53.00 price objective for the company. Citigroup started coverage on shares of Cisco Systems in a report on Friday, April 12th. They set a "neutral" rating and a $52.00 target price on the stock. Finally, Melius downgraded shares of Cisco Systems from a "buy" rating to a "hold" rating in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $55.53.

Cisco Systems Stock Down 0.2 %

Shares of NASDAQ:CSCO traded down $0.08 during trading on Monday, hitting $47.78. 11,597,599 shares of the company were exchanged, compared to its average volume of 19,257,299. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26. The firm's 50 day moving average price is $48.92 and its 200-day moving average price is $49.97. The stock has a market capitalization of $193.47 billion, a P/E ratio of 14.52, a PEG ratio of 2.76 and a beta of 0.87. Cisco Systems, Inc. has a 12-month low of $45.56 and a 12-month high of $58.19.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (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 company had revenue of $12.79 billion during the quarter, compared to the consensus estimate of $12.71 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. Cisco Systems's revenue for the quarter was down 5.9% on a year-over-year basis. On average, research analysts predict that Cisco Systems, Inc. will post 3.13 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 3.35%. This is a boost from Cisco Systems's previous quarterly dividend of $0.39. Cisco Systems's payout ratio is currently 48.63%.

Insider Activity

In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the firm's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.00, for a total transaction of $697,100.00. Following the transaction, the chief financial officer now directly owns 328,491 shares of the company's stock, valued at approximately $16,424,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the company's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the completion of the sale, the chief financial officer now directly owns 328,491 shares of the company's stock, valued at approximately $16,424,550. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 58,121 shares in the company, valued at $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 valued at $972,080. 0.02% of the stock is currently owned by company insiders.

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.

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