Psagot Value Holdings Ltd. Israel Decreases Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Psagot Value Holdings Ltd. Israel reduced its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 61.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,693 shares of the network equipment provider's stock after selling 23,899 shares during the period. Psagot Value Holdings Ltd. Israel's holdings in Cisco Systems were worth $742,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Valued Wealth Advisors LLC purchased a new position in Cisco Systems during the 4th quarter valued at about $32,000. Delos Wealth Advisors LLC raised its holdings in shares of 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 worth $32,000 after acquiring an additional 600 shares during the last quarter. DiNuzzo Private Wealth Inc. purchased a new stake in Cisco Systems during the 4th quarter worth about $33,000. Morton Brown Family Wealth LLC boosted 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 purchasing an additional 208 shares during the last quarter. Finally, Bourgeon Capital Management LLC raised its position in shares of Cisco Systems by 3,500.0% in the fourth 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 during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Cisco Systems in a research report on Tuesday, April 9th. Wells Fargo & Company started coverage on Cisco Systems in a report on Thursday, February 15th. They set an "equal weight" rating and a $52.00 target price for the company. UBS Group raised their price target on shares of Cisco Systems from $54.00 to $55.00 and gave the company a "neutral" rating in a report on Monday, February 12th. Bank of America raised shares of Cisco Systems from a "neutral" rating to a "buy" rating and raised their target price for the company from $55.00 to $60.00 in a research note on Monday, April 15th. Finally, Citigroup initiated coverage on Cisco Systems in a research report on Friday, April 12th. They issued a "neutral" rating and a $52.00 price objective on the stock. Two 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 company currently has an average rating of "Hold" and an average price target of $55.53.

Cisco Systems Stock Up 0.6 %

CSCO stock traded up $0.27 during trading hours on Friday, hitting $48.06. The company's stock had a trading volume of 12,096,899 shares, compared to its average volume of 16,095,990. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. Cisco Systems, Inc. has a 12 month low of $45.70 and a 12 month high of $58.19. The stock has a 50 day moving average price of $48.73 and a two-hundred day moving average price of $49.61. The company has a market capitalization of $194.60 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 2.77 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $12.71 billion. During the same period in the previous year, the company earned $0.76 earnings per share. Cisco Systems's revenue for the quarter was down 5.9% on a year-over-year basis. On average, equities research analysts expect that Cisco Systems, Inc. will post 3.13 earnings per share for the current year.

Cisco Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Thursday, April 4th were paid a dividend of $0.40 per share. This is a boost 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 was Wednesday, April 3rd. Cisco Systems's dividend payout ratio is presently 48.63%.

Insider Transactions at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the sale, the senior vice president now directly owns 58,121 shares in the company, valued at approximately $2,906,050. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $9,579,865.59. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,441 shares of company stock worth $972,080. 0.02% of the stock is currently owned by company insiders.

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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