F M Investments LLC Has $14.40 Million Position in Cisco Systems, Inc. (NASDAQ:CSCO)

F M Investments LLC lifted its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 76.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 243,263 shares of the network equipment provider's stock after buying an additional 105,252 shares during the quarter. F M Investments LLC's holdings in Cisco Systems were worth $14,401,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Pflug Koory LLC grew its stake in Cisco Systems by 0.5% during the 4th quarter. Pflug Koory LLC now owns 33,026 shares of the network equipment provider's stock worth $1,955,000 after purchasing an additional 165 shares in the last quarter. Fairhaven Wealth Management LLC grew its position in shares of Cisco Systems by 2.3% during the fourth quarter. Fairhaven Wealth Management LLC now owns 7,581 shares of the network equipment provider's stock worth $449,000 after acquiring an additional 167 shares during the last quarter. BlackDiamond Wealth Management LLC increased its holdings in shares of Cisco Systems by 3.1% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 5,656 shares of the network equipment provider's stock valued at $335,000 after acquiring an additional 168 shares during the period. Maple Capital Management Inc. boosted its stake in Cisco Systems by 1.4% during the 4th quarter. Maple Capital Management Inc. now owns 11,984 shares of the network equipment provider's stock worth $709,000 after purchasing an additional 170 shares during the period. Finally, Pathway Financial Advisors LLC increased its position in Cisco Systems by 3.1% in the 4th quarter. Pathway Financial Advisors LLC now owns 5,791 shares of the network equipment provider's stock valued at $343,000 after acquiring an additional 172 shares during the period. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at Cisco Systems

In other news, SVP Maria Victoria Wong sold 762 shares of Cisco Systems stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $60.99, for a total value of $46,474.38. Following the transaction, the senior vice president now directly owns 44,155 shares in the company, valued at approximately $2,693,013.45. The trade was a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Charles Robbins sold 31,983 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 736,120 shares in the company, valued at $47,413,489.20. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,547 shares of company stock valued at $4,275,553. Insiders own 0.01% of the company's stock.

Cisco Systems Stock Performance

Shares of CSCO traded down $0.02 during mid-day trading on Monday, reaching $57.31. 4,465,993 shares of the company's stock traded hands, compared to its average volume of 20,054,671. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $66.50. The stock has a market capitalization of $228.00 billion, a P/E ratio of 25.03, a price-to-earnings-growth ratio of 4.16 and a beta of 0.86. The business's 50-day moving average price is $61.30 and its 200-day moving average price is $59.05. 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 (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results 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 analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

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

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders 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. This represents a $1.64 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Thursday, April 3rd. Cisco Systems's payout ratio is currently 71.62%.

Wall Street Analysts Forecast Growth

CSCO has been the topic of several recent research reports. The Goldman Sachs Group boosted their price objective on shares of Cisco Systems from $56.00 to $63.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Barclays reiterated an "equal weight" rating on shares of Cisco Systems in a research report on Thursday, March 6th. Melius Research raised Cisco Systems from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Piper Sandler cut their price target on Cisco Systems from $72.00 to $60.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, BNP Paribas upgraded shares of Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 target price on the stock in a report on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $66.00.

About Cisco Systems

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.