Callan Family Office LLC Buys 62,919 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Callan Family Office LLC boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 332.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,867 shares of the network equipment provider's stock after acquiring an additional 62,919 shares during the period. Callan Family Office LLC's holdings in Cisco Systems were worth $4,847,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CSCO. State Street Corp lifted its stake in Cisco Systems by 1.7% in the third quarter. State Street Corp now owns 193,489,477 shares of the network equipment provider's stock valued at $10,297,506,000 after buying an additional 3,241,682 shares during the period. Geode Capital Management LLC lifted its stake in Cisco Systems by 1.3% in the third quarter. Geode Capital Management LLC now owns 95,630,469 shares of the network equipment provider's stock valued at $5,075,320,000 after buying an additional 1,262,017 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Cisco Systems by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 82,720,255 shares of the network equipment provider's stock valued at $4,402,239,000 after buying an additional 1,677,383 shares during the period. FMR LLC lifted its stake in Cisco Systems by 10.1% in the third quarter. FMR LLC now owns 63,931,461 shares of the network equipment provider's stock valued at $3,402,432,000 after buying an additional 5,885,879 shares during the period. Finally, Nordea Investment Management AB lifted its stake in Cisco Systems by 1.2% in the fourth quarter. Nordea Investment Management AB now owns 18,718,195 shares of the network equipment provider's stock valued at $1,107,930,000 after buying an additional 216,632 shares during the period. 73.33% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In related news, SVP Maria Victoria Wong sold 586 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $58.69, for a total transaction of $34,392.34. Following the sale, the senior vice president now owns 50,767 shares of the company's stock, valued at approximately $2,979,515.23. This represents a 1.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 11,808 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $64.37, for a total value of $760,080.96. Following the sale, the executive vice president now directly owns 200,191 shares in the company, valued at $12,886,294.67. This trade represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,348 shares of company stock valued at $4,318,181. Corporate insiders own 0.01% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. UBS Group boosted their price target on Cisco Systems from $62.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. BNP Paribas raised Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 price target for the company in a research report on Tuesday, January 28th. JPMorgan Chase & Co. increased their price target on Cisco Systems from $69.00 to $73.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. DZ Bank raised Cisco Systems from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. Finally, Rosenblatt Securities raised Cisco Systems from a "neutral" rating to a "buy" rating and increased their price target for the company from $66.00 to $80.00 in a research report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $66.63.

Cisco Systems Stock Performance

Shares of CSCO stock traded up $0.53 on Friday, hitting $63.94. 21,153,303 shares of the stock were exchanged, compared to its average volume of 20,042,023. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $254.37 billion, a PE ratio of 27.92, a P/E/G ratio of 4.16 and a beta of 0.79. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $66.50. The firm's 50 day moving average is $61.63 and its two-hundred day moving average is $57.44.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings results 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 return on equity of 26.08% and a net margin of 16.96%. Sell-side analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

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

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be issued a dividend of $0.41 per share. This is a boost from Cisco Systems's previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.56%. Cisco Systems's dividend payout ratio is 71.62%.

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.