Lbp Am Sa grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 13.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 942,388 shares of the network equipment provider's stock after purchasing an additional 109,445 shares during the quarter. Lbp Am Sa's holdings in Cisco Systems were worth $55,789,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CSCO. Integras Partners LLC acquired a new stake in shares of Cisco Systems during the fourth quarter valued at $2,770,000. Madison Investment Advisors LLC purchased a new stake in Cisco Systems in the 4th quarter worth approximately $698,000. Thompson Siegel & Walmsley LLC lifted its stake in shares of Cisco Systems by 0.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 273,276 shares of the network equipment provider's stock worth $16,178,000 after purchasing an additional 974 shares during the period. Impact Capital Partners LLC acquired a new position in Cisco Systems in the fourth quarter valued at $494,000. Finally, IAG Wealth Partners LLC boosted its stake in Cisco Systems by 71.1% in the 4th quarter. IAG Wealth Partners LLC now owns 1,463 shares of the network equipment provider's stock worth $87,000 after buying an additional 608 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.
Insider Transactions at Cisco Systems
In related news, CEO Charles Robbins sold 31,983 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $64.41, for a total value of $2,060,025.03. Following the sale, the chief executive officer now owns 736,120 shares of the company's stock, valued at $47,413,489.20. This trade represents a 4.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thimaya K. Subaiya sold 2,065 shares of Cisco Systems stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $60.70, for a total value of $125,345.50. Following the sale, the executive vice president now directly owns 191,184 shares in the company, valued at $11,604,868.80. The trade was a 1.07 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,547 shares of company stock worth $4,275,553. 0.01% of the stock is currently owned by corporate insiders.
Cisco Systems Stock Performance
Cisco Systems stock opened at $59.67 on Friday. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $66.50. 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 stock has a market cap of $237.38 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 4.16 and a beta of 0.79. The stock has a 50 day moving average of $61.75 and a 200-day moving average of $57.63.
Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 EPS 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%. On average, analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.
Cisco Systems declared that its board has authorized a stock buyback plan on Wednesday, February 12th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the network equipment provider to buy up to 6% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.
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 dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Thursday, April 3rd. This is an increase from Cisco Systems's previous quarterly dividend of $0.40. Cisco Systems's dividend payout ratio (DPR) is currently 71.62%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. Melius raised shares of Cisco Systems from a "hold" rating to a "buy" rating and raised their target price for the stock from $66.00 to $73.00 in a research report on Monday, January 6th. Wells Fargo & Company reissued an "equal weight" rating on shares of Cisco Systems in a research note on Thursday, March 6th. StockNews.com downgraded Cisco Systems from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 5th. Morgan Stanley lifted their target price on Cisco Systems from $62.00 to $68.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Finally, Rosenblatt Securities upgraded Cisco Systems from a "neutral" rating to a "buy" rating and upped their price target for the stock from $66.00 to $80.00 in a research note on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $66.63.
Check Out Our Latest Report on CSCO
About Cisco Systems
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO - Free Report).
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