Cisco Systems, Inc. (NASDAQ:CSCO) Position Lifted by Seizert Capital Partners LLC

Seizert Capital Partners LLC lifted its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,071,153 shares of the network equipment provider's stock after purchasing an additional 24,841 shares during the period. Cisco Systems comprises about 2.6% of Seizert Capital Partners LLC's investment portfolio, making the stock its 6th largest position. Seizert Capital Partners LLC's holdings in Cisco Systems were worth $57,007,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. China Universal Asset Management Co. Ltd. lifted its stake in Cisco Systems by 226.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 26,423 shares of the network equipment provider's stock worth $1,319,000 after acquiring an additional 18,339 shares during the period. Covestor Ltd lifted its stake in Cisco Systems by 43.0% in the first quarter. Covestor Ltd now owns 6,312 shares of the network equipment provider's stock worth $315,000 after acquiring an additional 1,897 shares during the period. Alley Investment Management Company LLC lifted its stake in Cisco Systems by 0.3% in the first quarter. Alley Investment Management Company LLC now owns 101,003 shares of the network equipment provider's stock worth $5,041,000 after acquiring an additional 300 shares during the period. Davis R M Inc. lifted its stake in Cisco Systems by 7.4% in the first quarter. Davis R M Inc. now owns 19,193 shares of the network equipment provider's stock worth $958,000 after acquiring an additional 1,324 shares during the period. Finally, Lcnb Corp lifted its position in shares of Cisco Systems by 7.2% during the first quarter. Lcnb Corp now owns 18,358 shares of the network equipment provider's stock valued at $916,000 after buying an additional 1,226 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO traded down $0.46 during midday trading on Friday, reaching $57.46. 28,173,705 shares of the stock were exchanged, compared to its average volume of 18,249,024. The firm has a market cap of $229.31 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 4.76 and a beta of 0.83. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $59.38. The firm has a 50-day simple moving average of $54.18 and a two-hundred day simple moving average of $49.78. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. The business had revenue of $13.84 billion for the quarter, compared to analysts' expectations of $13.78 billion. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The business's revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.98 EPS. As a group, analysts anticipate that Cisco Systems, Inc. will post 2.89 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be given 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 2.78%. Cisco Systems's dividend payout ratio (DPR) is 68.67%.

Analyst Upgrades and Downgrades

Several research firms have commented on CSCO. Hsbc Global Res raised shares of Cisco Systems to a "strong-buy" rating in a research report on Friday, August 16th. Needham & Company LLC reissued a "hold" rating on shares of Cisco Systems in a research report on Thursday, August 15th. Tigress Financial increased their price target on shares of Cisco Systems from $76.00 to $78.00 and gave the company a "buy" rating in a research report on Monday, October 14th. StockNews.com raised shares of Cisco Systems from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Barclays increased their price target on shares of Cisco Systems from $49.00 to $56.00 and gave the company an "equal weight" rating in a research report on Thursday. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $59.42.

Insider Activity

In other news, EVP Thimaya K. Subaiya sold 1,328 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $48.92, for a total transaction of $64,965.76. Following the transaction, the executive vice president now owns 132,910 shares in the company, valued at $6,501,957.20. This trade represents a 0.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Richard Scott Herren sold 22,309 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $50.00, for a total value of $1,115,450.00. Following the transaction, the chief financial officer now owns 293,184 shares in the company, valued at $14,659,200. This trade represents a 7.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,924 shares of company stock worth $1,798,131 in the last quarter. Corporate 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.