Mission Wealth Management LP Purchases 4,997 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Mission Wealth Management LP raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 53,377 shares of the network equipment provider's stock after buying an additional 4,997 shares during the period. Mission Wealth Management LP's holdings in Cisco Systems were worth $3,160,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Woodley Farra Manion Portfolio Management Inc. raised its holdings in Cisco Systems by 3.5% during the fourth quarter. Woodley Farra Manion Portfolio Management Inc. now owns 102,641 shares of the network equipment provider's stock worth $6,076,000 after acquiring an additional 3,487 shares in the last quarter. Lanham O Dell & Company Inc. bought a new stake in shares of Cisco Systems during the 4th quarter worth approximately $205,000. Investment Partners LTD. boosted its holdings in shares of Cisco Systems by 11.6% in the 4th quarter. Investment Partners LTD. now owns 15,397 shares of the network equipment provider's stock valued at $912,000 after buying an additional 1,600 shares during the last quarter. LGT Fund Management Co Ltd. grew its stake in shares of Cisco Systems by 42.6% in the fourth quarter. LGT Fund Management Co Ltd. now owns 9,187 shares of the network equipment provider's stock valued at $544,000 after buying an additional 2,744 shares in the last quarter. Finally, Plato Investment Management Ltd increased its holdings in Cisco Systems by 17.8% during the fourth quarter. Plato Investment Management Ltd now owns 99,517 shares of the network equipment provider's stock worth $5,913,000 after buying an additional 15,048 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CSCO has been the subject of a number of analyst reports. BNP Paribas raised shares of Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 price objective for the company in a research report on Tuesday, January 28th. Melius Research raised Cisco Systems from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. The Goldman Sachs Group raised their price objective on Cisco Systems from $56.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. DZ Bank raised Cisco Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Finally, Melius raised Cisco Systems from a "hold" rating to a "buy" rating and raised their price target for the company from $66.00 to $73.00 in a report on Monday, January 6th. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $66.63.

Cisco Systems Price Performance

Shares of CSCO stock traded up $0.71 during trading on Wednesday, hitting $63.97. The company had a trading volume of 8,429,300 shares, compared to its average volume of 19,775,352. The firm has a market capitalization of $254.50 billion, a P/E ratio of 27.95, a price-to-earnings-growth ratio of 4.16 and a beta of 0.84. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $66.50. 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's 50-day moving average price is $61.39 and its 200 day moving average price is $57.16.

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 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%. Equities analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal 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 given a $0.41 dividend. The ex-dividend date is Thursday, April 3rd. This is a boost from Cisco Systems's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 2.56%. Cisco Systems's payout ratio is presently 71.62%.

Cisco Systems announced that its board has authorized a share repurchase 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 stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its stock is undervalued.

Insider Transactions at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 31,983 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the completion of the sale, the chief executive officer now directly owns 736,120 shares in the company, valued at $47,413,489.20. This represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard Scott Herren sold 19,929 shares of Cisco Systems 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 completion of the transaction, the chief financial officer now owns 335,605 shares in the company, valued at approximately $21,616,318.05. The trade was a 5.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,848 shares of company stock valued at $4,767,206. Company insiders own 0.01% of the company's stock.

About Cisco Systems

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.