DRW Securities LLC Purchases 16,711 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

DRW Securities LLC grew its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 113.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,384 shares of the network equipment provider's stock after purchasing an additional 16,711 shares during the quarter. DRW Securities LLC's holdings in Cisco Systems were worth $1,858,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Waddell & Associates LLC lifted its position in Cisco Systems by 15.8% in the 4th quarter. Waddell & Associates LLC now owns 11,464 shares of the network equipment provider's stock valued at $679,000 after purchasing an additional 1,566 shares during the last quarter. APG Asset Management US Inc. raised its holdings in shares of Cisco Systems by 40.5% during the fourth quarter. APG Asset Management US Inc. now owns 113,779 shares of the network equipment provider's stock valued at $6,736,000 after buying an additional 32,791 shares during the last quarter. Faithward Advisors LLC boosted its position in shares of Cisco Systems by 4.0% during the fourth quarter. Faithward Advisors LLC now owns 20,512 shares of the network equipment provider's stock worth $1,214,000 after buying an additional 780 shares during the period. APG Asset Management N.V. grew its holdings in Cisco Systems by 520.4% in the 4th quarter. APG Asset Management N.V. now owns 2,608,715 shares of the network equipment provider's stock worth $149,141,000 after buying an additional 2,188,252 shares in the last quarter. Finally, German American Bancorp Inc. increased its position in Cisco Systems by 1.4% in the 4th quarter. German American Bancorp Inc. now owns 108,660 shares of the network equipment provider's stock valued at $6,433,000 after acquiring an additional 1,456 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, CFO Richard Scott Herren sold 19,929 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $64.41, for a total transaction of $1,283,626.89. Following the transaction, the chief financial officer now directly owns 335,605 shares of the company's stock, valued at $21,616,318.05. This represents a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Thimaya K. Subaiya sold 2,065 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $60.70, for a total value of $125,345.50. Following the completion of the sale, the executive vice president now directly owns 191,184 shares of the company's stock, valued at $11,604,868.80. This represents a 1.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,547 shares of company stock worth $4,275,553 over the last 90 days. 0.01% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CSCO has been the subject of several recent analyst reports. Rosenblatt Securities raised Cisco Systems from a "neutral" rating to a "buy" rating and increased their price target for the stock from $66.00 to $80.00 in a research note on Thursday, February 13th. DZ Bank raised shares of Cisco Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. 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. The Goldman Sachs Group raised their price objective on shares of Cisco Systems from $56.00 to $63.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, StockNews.com downgraded Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 5th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.00.

Cisco Systems Stock Up 1.3 %

NASDAQ:CSCO traded up $0.74 during trading hours on Friday, hitting $57.33. 23,031,744 shares of the company's stock traded hands, compared to its average volume of 20,115,075. The stock's fifty day moving average price is $61.30 and its two-hundred day moving average price is $59.05. The firm has a market cap of $228.08 billion, a P/E ratio of 25.04, a P/E/G ratio of 4.16 and a beta of 0.86. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $66.50.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued 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%. On average, research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

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

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be given 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 2.86%. Cisco Systems's dividend payout ratio (DPR) is presently 71.62%.

Cisco Systems 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.