Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by Evergreen Capital Management LLC

Evergreen Capital Management LLC increased its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 2.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 339,116 shares of the network equipment provider's stock after buying an additional 7,008 shares during the period. Cisco Systems comprises approximately 0.7% of Evergreen Capital Management LLC's holdings, making the stock its 28th largest position. Evergreen Capital Management LLC's holdings in Cisco Systems were worth $20,076,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. FPC Investment Advisory Inc. purchased a new stake in Cisco Systems in the 4th quarter worth $26,000. Runnymede Capital Advisors Inc. bought a new stake in shares of Cisco Systems in the fourth quarter worth about $30,000. Campbell Capital Management Inc. purchased a new stake in shares of Cisco Systems in the fourth quarter worth about $31,000. Highline Wealth Partners LLC boosted its stake in Cisco Systems by 76.7% during the fourth quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider's stock valued at $35,000 after buying an additional 260 shares during the last quarter. Finally, Synergy Investment Management LLC purchased a new position in Cisco Systems during the 4th quarter valued at approximately $36,000. 73.33% of the stock is owned by institutional investors.

Insider Buying and Selling at Cisco Systems

In other news, CEO Charles Robbins sold 31,983 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the transaction, the chief executive officer now owns 736,120 shares in the company, valued at $47,413,489.20. This represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Richard Scott Herren sold 19,929 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $64.41, for a total transaction of $1,283,626.89. Following the sale, the chief financial officer now directly owns 335,605 shares in the company, valued at approximately $21,616,318.05. This represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,547 shares of company stock worth $4,275,553 over the last three months. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Stock Down 0.1 %

Shares of CSCO stock traded down $0.04 on Friday, hitting $55.73. The stock had a trading volume of 15,874,222 shares, compared to its average volume of 20,121,737. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. The company has a market cap of $221.69 billion, a PE ratio of 24.33, a P/E/G ratio of 4.16 and a beta of 0.86. The business has a 50 day moving average price of $60.82 and a 200 day moving average price of $59.06. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $66.50.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued 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 return on equity of 26.08% and a net margin of 16.96%. Research analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

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

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd will be given a $0.41 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.94%. This is an increase from Cisco Systems's previous quarterly dividend of $0.40. Cisco Systems's payout ratio is presently 71.62%.

Analyst Ratings Changes

Several analysts have recently issued reports on CSCO shares. Melius Research raised Cisco Systems from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. UBS Group lifted their price objective on shares of Cisco Systems from $62.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. BNP Paribas raised shares of Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 price target for the company in a report on Tuesday, January 28th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Cisco Systems in a research note on Thursday, March 6th. Finally, Barclays restated an "equal weight" rating on shares of Cisco Systems in a research report on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $65.58.

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.