Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 29.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,727,214 shares of the network equipment provider's stock after buying an additional 3,989,543 shares during the quarter. Dimensional Fund Advisors LP owned 0.44% of Cisco Systems worth $895,576,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CSCO. Valued Wealth Advisors LLC acquired a new stake in shares of Cisco Systems during the 4th quarter valued at about $32,000. Delos Wealth Advisors LLC grew its holdings in Cisco Systems by 1,666.7% in the fourth quarter. Delos Wealth Advisors LLC now owns 636 shares of the network equipment provider's stock valued at $32,000 after purchasing an additional 600 shares during the period. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Cisco Systems in the fourth quarter valued at approximately $33,000. Morton Brown Family Wealth LLC raised its stake 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 buying an additional 208 shares during the period. Finally, Bourgeon Capital Management LLC lifted its position in shares of Cisco Systems by 3,500.0% during the 4th quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider's stock valued at $36,000 after buying an additional 700 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Trading Up 0.6 %

CSCO stock traded up $0.27 during trading on Friday, reaching $48.06. 12,096,899 shares of the stock were exchanged, compared to its average volume of 16,095,990. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $194.60 billion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 2.76 and a beta of 0.87. The business has a 50 day moving average price of $48.73 and a 200-day moving average price of $49.64. Cisco Systems, Inc. has a 1 year low of $45.70 and a 1 year high of $58.19.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $12.79 billion for the quarter, compared to analyst estimates of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The business's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 EPS. On average, research analysts predict that Cisco Systems, Inc. will post 3.13 earnings per share for the current year.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Thursday, April 4th were issued a $0.40 dividend. This is a positive change from Cisco Systems's previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Wednesday, April 3rd. Cisco Systems's payout ratio is 48.63%.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of Cisco Systems stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction of $150,130.02. Following the completion of the sale, the executive vice president now directly owns 191,559 shares in the company, valued at $9,579,865.59. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Deborah L. Stahlkopf sold 3,002 shares of the firm's stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the completion of the transaction, the executive vice president now directly owns 191,559 shares in the company, valued at $9,579,865.59. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Maria Victoria Wong sold 2,497 shares of the business'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 completion of the sale, the senior vice president now owns 58,121 shares in the company, valued at approximately $2,906,050. The disclosure for this sale can be found here. Insiders have sold 19,441 shares of company stock valued at $972,080 over the last 90 days. 0.02% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CSCO shares. Morgan Stanley began coverage on shares of Cisco Systems in a research report on Tuesday, April 9th. They set an "overweight" rating and a $58.00 price objective for the company. Bank of America upgraded shares of Cisco Systems from a "neutral" rating to a "buy" rating and upped their price target for the stock from $55.00 to $60.00 in a research report on Monday, April 15th. StockNews.com upgraded Cisco Systems from a "hold" rating to a "buy" rating in a report on Thursday, May 2nd. Barclays raised their target price on Cisco Systems from $46.00 to $48.00 and gave the company an "equal weight" rating in a research report on Thursday, February 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Cisco Systems from $51.00 to $52.00 and gave the stock a "hold" rating in a research note on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $55.53.

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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