Redwood Park Advisors LLC Makes New Investment in Cisco Systems, Inc. (NASDAQ:CSCO)

Redwood Park Advisors LLC bought a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,391 shares of the network equipment provider's stock, valued at approximately $319,000. Cisco Systems comprises approximately 0.2% of Redwood Park Advisors LLC's investment portfolio, making the stock its 29th biggest holding.

Several other large investors also recently added to or reduced their stakes in CSCO. Bank of Hawaii increased its holdings in Cisco Systems by 10.0% in the 4th quarter. Bank of Hawaii now owns 45,243 shares of the network equipment provider's stock worth $2,678,000 after buying an additional 4,110 shares during the period. Phoenix Financial Ltd. lifted its stake in Cisco Systems by 90.4% in the 4th quarter. Phoenix Financial Ltd. now owns 62,059 shares of the network equipment provider's stock valued at $3,674,000 after buying an additional 29,466 shares in the last quarter. F M Investments LLC raised its stake in Cisco Systems by 76.3% in the 4th quarter. F M Investments LLC now owns 243,263 shares of the network equipment provider's stock valued at $14,401,000 after purchasing an additional 105,252 shares during the last quarter. Spreng Capital Management Inc. lifted its stake in shares of Cisco Systems by 7.0% in the fourth quarter. Spreng Capital Management Inc. now owns 5,123 shares of the network equipment provider's stock worth $303,000 after buying an additional 336 shares in the last quarter. Finally, DRW Securities LLC grew its position in shares of Cisco Systems by 113.9% in the fourth quarter. DRW Securities LLC now owns 31,384 shares of the network equipment provider's stock valued at $1,858,000 after purchasing an additional 16,711 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cisco Systems

In other news, CFO Richard Scott Herren sold 19,929 shares of Cisco Systems 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 transaction, the chief financial officer now owns 335,605 shares of the company's stock, valued at $21,616,318.05. This trade represents a 5.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Charles Robbins sold 31,983 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $64.41, for a total value of $2,060,025.03. Following the transaction, the chief executive officer now directly owns 736,120 shares in the company, valued at approximately $47,413,489.20. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,547 shares of company stock worth $4,275,553. 0.01% of the stock is owned by insiders.

Cisco Systems Stock Performance

Shares of CSCO stock traded up $0.09 during trading hours on Monday, reaching $57.42. 5,450,763 shares of the company's stock were exchanged, compared to its average volume of 20,058,274. The business has a fifty day moving average price of $61.30 and a 200-day moving average price of $59.05. 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 fifty-two week low of $44.50 and a fifty-two week high of $66.50. The stock has a market capitalization of $228.43 billion, a P/E ratio of 25.07, a P/E/G ratio of 4.16 and a beta of 0.86.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 EPS 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%. Analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the network equipment provider to purchase up to 6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, April 3rd. This is a positive change from Cisco Systems's previous quarterly dividend of $0.40. Cisco Systems's payout ratio is currently 71.62%.

Analyst Ratings Changes

CSCO has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their target price on Cisco Systems from $56.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. StockNews.com lowered Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 5th. BNP Paribas upgraded shares of Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 price target for the company in a research note on Tuesday, January 28th. Wells Fargo & Company reiterated an "equal weight" rating on shares of Cisco Systems in a research note on Thursday, March 6th. Finally, UBS Group raised their price target on Cisco Systems from $62.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $66.00.

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.