Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by Independent Advisor Alliance

Independent Advisor Alliance lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 41.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,155 shares of the network equipment provider's stock after acquiring an additional 29,972 shares during the period. Independent Advisor Alliance's holdings in Cisco Systems were worth $6,107,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CSCO. FPC Investment Advisory Inc. bought a new position in Cisco Systems during the 4th quarter valued at $26,000. Highline Wealth Partners LLC boosted its stake in Cisco Systems by 76.7% during the 4th quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider's stock valued at $35,000 after acquiring an additional 260 shares during the last quarter. Synergy Investment Management LLC bought a new position in Cisco Systems during the 4th quarter valued at $36,000. RPg Family Wealth Advisory LLC bought a new position in Cisco Systems during the 3rd quarter valued at $40,000. Finally, Decker Retirement Planning Inc. bought a new position in Cisco Systems during the 4th quarter valued at $49,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Stock Performance

Shares of CSCO opened at $60.67 on Wednesday. The firm's 50 day moving average is $61.72 and its 200-day moving average is $57.60. The stock has a market capitalization of $241.36 billion, a P/E ratio of 26.49, a P/E/G ratio of 4.16 and a beta of 0.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $66.50.

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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 (EPS) 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%. Equities research analysts anticipate 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. Shareholders of record on Thursday, April 3rd will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.70%. 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 (DPR) is presently 71.62%.

Cisco Systems announced that its board has approved a stock repurchase program on Wednesday, February 12th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the network equipment provider to repurchase up to 6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of recent research reports. Citigroup restated an "overweight" rating on shares of Cisco Systems in a research report on Thursday, March 6th. BNP Paribas upgraded shares of Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 price target on the stock in a research report on Tuesday, January 28th. Rosenblatt Securities upgraded shares of Cisco Systems from a "neutral" rating to a "buy" rating and raised their price target for the stock from $66.00 to $80.00 in a research report on Thursday, February 13th. Melius upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and raised their price target for the stock from $66.00 to $73.00 in a research report on Monday, January 6th. Finally, StockNews.com downgraded shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $66.63.

Insiders Place Their Bets

In other Cisco Systems news, SVP Maria Victoria Wong sold 586 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $58.69, for a total value of $34,392.34. Following the completion of the transaction, the senior vice president now directly owns 50,767 shares in the company, valued at $2,979,515.23. This trade represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Thimaya K. Subaiya sold 3,042 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $59.19, for a total transaction of $180,055.98. Following the sale, the executive vice president now owns 207,798 shares of the company's stock, valued at approximately $12,299,563.62. This represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,348 shares of company stock worth $4,318,181 over the last ninety days. 0.01% of the stock is currently owned by company insiders.

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.

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