Sulzberger Capital Advisors Inc. Makes New $679,000 Investment in Cisco Systems, Inc. (NASDAQ:CSCO)

Sulzberger Capital Advisors Inc. purchased a new position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,464 shares of the network equipment provider's stock, valued at approximately $679,000. Cisco Systems makes up 0.8% of Sulzberger Capital Advisors Inc.'s investment portfolio, making the stock its 26th largest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pflug Koory LLC boosted its holdings in shares of Cisco Systems by 0.5% during the 4th quarter. Pflug Koory LLC now owns 33,026 shares of the network equipment provider's stock valued at $1,955,000 after acquiring an additional 165 shares during the last quarter. Glass Jacobson Investment Advisors llc increased its position in Cisco Systems by 8.7% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,070 shares of the network equipment provider's stock valued at $123,000 after acquiring an additional 166 shares during the last quarter. Fairhaven Wealth Management LLC lifted its holdings in Cisco Systems by 2.3% in the fourth quarter. Fairhaven Wealth Management LLC now owns 7,581 shares of the network equipment provider's stock valued at $449,000 after acquiring an additional 167 shares during the period. BlackDiamond Wealth Management LLC boosted its position in Cisco Systems by 3.1% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 5,656 shares of the network equipment provider's stock worth $335,000 after purchasing an additional 168 shares during the last quarter. Finally, Maple Capital Management Inc. grew its stake in shares of Cisco Systems by 1.4% during the 4th quarter. Maple Capital Management Inc. now owns 11,984 shares of the network equipment provider's stock valued at $709,000 after purchasing an additional 170 shares during the period. Institutional investors own 73.33% of the company's stock.

Insider Activity at Cisco Systems

In other Cisco Systems news, CFO Richard Scott Herren sold 19,929 shares of the business's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $64.41, for a total value of $1,283,626.89. Following the completion of the sale, the chief financial officer now directly owns 335,605 shares of the company's stock, valued at $21,616,318.05. The trade was a 5.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thimaya K. Subaiya sold 2,065 shares of Cisco Systems stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $60.70, for a total transaction of $125,345.50. Following the sale, the executive vice president now directly owns 191,184 shares of the company's stock, valued at $11,604,868.80. This represents a 1.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,547 shares of company stock worth $4,275,553. Insiders own 0.01% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CSCO. Melius Research raised shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Evercore ISI lowered their target price on Cisco Systems from $75.00 to $67.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. StockNews.com cut Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. cut their price objective on Cisco Systems from $73.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Citigroup decreased their target price on shares of Cisco Systems from $73.00 to $68.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Cisco Systems has an average rating of "Moderate Buy" and a consensus target price of $65.05.

Cisco Systems Trading Down 0.2 %

CSCO traded down $0.13 on Tuesday, hitting $59.19. The company had a trading volume of 5,323,515 shares, compared to its average volume of 20,187,801. The business's fifty day simple moving average is $59.11 and its 200 day simple moving average is $59.38. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $66.50. The company has a market cap of $235.49 billion, a PE ratio of 25.90, a PEG ratio of 4.16 and a beta of 0.89.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. Equities research analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems declared that its board has approved a share repurchase plan on Wednesday, February 12th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the network equipment provider to buy up to 6% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its stock is undervalued.

Cisco Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This is a boost from Cisco Systems's previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.77%. Cisco Systems's payout ratio is currently 71.62%.

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.