Bryn Mawr Capital Management LLC Has $2.02 Million Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Bryn Mawr Capital Management LLC trimmed its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 91.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,176 shares of the network equipment provider's stock after selling 371,687 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Cisco Systems were worth $2,023,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Morse Asset Management Inc acquired a new stake in shares of Cisco Systems during the third quarter worth $798,000. HighVista Strategies LLC bought a new position in Cisco Systems during the third quarter worth about $1,698,000. GAMMA Investing LLC grew its position in shares of Cisco Systems by 13.1% during the 4th quarter. GAMMA Investing LLC now owns 93,357 shares of the network equipment provider's stock worth $5,527,000 after buying an additional 10,813 shares during the period. Oddo BHF Asset Management Sas bought a new stake in shares of Cisco Systems in the 3rd quarter valued at about $502,000. Finally, Quintet Private Bank Europe S.A. raised its position in shares of Cisco Systems by 17.0% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 635,667 shares of the network equipment provider's stock valued at $33,830,000 after acquiring an additional 92,179 shares during the period. 73.33% of the stock is owned by institutional investors.

Cisco Systems Stock Down 1.1 %

Cisco Systems stock traded down $0.69 during mid-day trading on Friday, reaching $63.98. The company's stock had a trading volume of 18,884,987 shares, compared to its average volume of 19,763,086. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $66.50. The business's 50 day simple moving average is $60.55 and its 200 day simple moving average is $56.01. The company has a market capitalization of $254.53 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 4.17 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data 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%. As a group, research analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.56%. This is a boost 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 is presently 71.62%.

Cisco Systems declared that its board has authorized a stock buyback plan on Wednesday, February 12th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the network equipment provider to repurchase up to 6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

CSCO has been the subject of a number of analyst reports. 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 report on Tuesday, December 17th. Melius raised shares of Cisco Systems from a "hold" rating to a "buy" rating and boosted their price target for the company from $66.00 to $73.00 in a report on Monday, January 6th. DZ Bank upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating in a research report on Tuesday. UBS Group lifted their target price on Cisco Systems from $62.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. increased their price target on Cisco Systems from $69.00 to $73.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $66.53.

Insider Activity at Cisco Systems

In other Cisco Systems news, Director Kristina M. Johnson sold 7,500 shares of the company's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $59.87, for a total value of $449,025.00. Following the transaction, the director now directly owns 65,915 shares in the company, valued at $3,946,331.05. The trade was a 10.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Maria Victoria Wong sold 4,881 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $59.73, for a total transaction of $291,542.13. Following the sale, the senior vice president now owns 51,931 shares of the company's stock, valued at approximately $3,101,838.63. This represents a 8.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,921 shares of company stock worth $4,298,667. Insiders own 0.01% of the company's stock.

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.