186,732 Shares in Cisco Systems, Inc. (NASDAQ:CSCO) Acquired by Wealth High Governance Capital Ltda

Wealth High Governance Capital Ltda purchased a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 186,732 shares of the network equipment provider's stock, valued at approximately $11,055,000. Cisco Systems accounts for approximately 4.0% of Wealth High Governance Capital Ltda's portfolio, making the stock its 4th biggest position.

Several other large investors have also recently modified their holdings of the business. FPC Investment Advisory Inc. acquired a new position in Cisco Systems in the fourth quarter valued at $26,000. Highline Wealth Partners LLC grew its stake in Cisco Systems by 76.7% during the fourth quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider's stock worth $35,000 after purchasing an additional 260 shares during the period. Synergy Investment Management LLC bought a new stake in Cisco Systems in the fourth quarter worth approximately $36,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Cisco Systems during the 3rd quarter worth approximately $40,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Cisco Systems in the 4th quarter valued at $49,000. Institutional investors own 73.33% of the company's stock.

Insider Activity

In other news, CFO Richard Scott Herren sold 19,929 shares of the stock in a transaction on 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 transaction, the chief financial officer now owns 335,605 shares of the company's stock, valued at $21,616,318.05. This represents a 5.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Deborah L. Stahlkopf sold 11,808 shares of Cisco Systems stock in a transaction on Friday, February 21st. The stock was sold at an average price of $64.37, for a total transaction of $760,080.96. Following the sale, the executive vice president now directly owns 200,191 shares of the company's stock, valued at $12,886,294.67. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,348 shares of company stock worth $4,318,181 in the last three months. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Trading Down 2.2 %

Shares of Cisco Systems stock opened at $60.67 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87. The stock has a market capitalization of $241.36 billion, a P/E ratio of 26.49, a P/E/G ratio of 4.16 and a beta of 0.79. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $66.50. The stock's 50-day simple moving average is $61.72 and its 200 day simple moving average is $57.60.

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

Cisco Systems announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 12th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the network equipment provider to reacquire up to 6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Cisco Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.70%. This is an increase from Cisco Systems's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 3rd. Cisco Systems's dividend payout ratio (DPR) is presently 71.62%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Citigroup reiterated an "overweight" rating on shares of Cisco Systems in a report on Thursday, March 6th. Rosenblatt Securities raised Cisco Systems from a "neutral" rating to a "buy" rating and upped their target price for the stock from $66.00 to $80.00 in a research report on Thursday, February 13th. Melius upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and upped their price objective for the stock from $66.00 to $73.00 in a report on Monday, January 6th. UBS Group boosted their target price on shares of Cisco Systems from $62.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of Cisco Systems in a research note on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $66.63.

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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