Gill Capital Partners LLC Takes $269,000 Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Gill Capital Partners LLC purchased a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,551 shares of the network equipment provider's stock, valued at approximately $269,000.

Other large investors also recently bought and sold shares of the company. Quarry LP increased its holdings in shares of Cisco Systems by 222.4% in the 2nd quarter. Quarry LP now owns 661 shares of the network equipment provider's stock valued at $31,000 after acquiring an additional 456 shares during the period. West Financial Advisors LLC grew its position in Cisco Systems by 116.6% during the 3rd quarter. West Financial Advisors LLC now owns 574 shares of the network equipment provider's stock worth $31,000 after purchasing an additional 309 shares during the last quarter. Highline Wealth Partners LLC increased its stake in Cisco Systems by 76.7% in the fourth quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider's stock valued at $35,000 after purchasing an additional 260 shares during the period. RPg Family Wealth Advisory LLC purchased a new stake in shares of Cisco Systems in the third quarter valued at about $40,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Cisco Systems during the fourth quarter worth about $49,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Cisco Systems Price Performance

CSCO stock traded up $0.41 during midday trading on Friday, hitting $60.23. 23,800,968 shares of the stock were exchanged, compared to its average volume of 17,184,370. The stock's 50-day moving average price is $58.91 and its 200-day moving average price is $53.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. The stock has a market cap of $239.88 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 4.37 and a beta of 0.84. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $60.95.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The business had revenue of $13.84 billion for the quarter, compared to analyst estimates of $13.78 billion. During the same period in the previous year, the firm earned $0.98 EPS. The business's revenue for the quarter was down 5.6% compared to the same quarter last year. Research analysts predict that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.66%. Cisco Systems's dividend payout ratio (DPR) is 68.67%.

Wall Street Analyst Weigh In

Several analysts have commented on CSCO shares. JPMorgan Chase & Co. raised Cisco Systems from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $55.00 to $66.00 in a research note on Monday, November 11th. Melius upgraded Cisco Systems from a "hold" rating to a "buy" rating and upped their price target for the stock from $66.00 to $73.00 in a research note on Monday, January 6th. Tigress Financial increased their price target on Cisco Systems from $76.00 to $78.00 and gave the stock a "buy" rating in a report on Monday, October 14th. Morgan Stanley boosted their price objective on shares of Cisco Systems from $62.00 to $68.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. Finally, Melius Research upgraded shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Cisco Systems has an average rating of "Moderate Buy" and an average target price of $61.50.

Insider Buying and Selling

In other news, CEO Charles Robbins sold 171,744 shares of the business's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $9,873,562.56. Following the completion of the transaction, the chief executive officer now directly owns 783,786 shares of the company's stock, valued at $45,059,857.14. The trade was a 17.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 58,188 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $3,345,228.12. Following the sale, the executive vice president now directly owns 219,100 shares in the company, valued at approximately $12,596,059. The trade was a 20.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 353,522 shares of company stock worth $20,349,721 in the last ninety days. Insiders own 0.01% of the company's stock.

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.