MassMutual Private Wealth & Trust FSB Increases Position in Cisco Systems, Inc. (NASDAQ:CSCO)

MassMutual Private Wealth & Trust FSB grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 553,581 shares of the network equipment provider's stock after purchasing an additional 12,440 shares during the quarter. Cisco Systems comprises approximately 0.9% of MassMutual Private Wealth & Trust FSB's portfolio, making the stock its 25th largest holding. MassMutual Private Wealth & Trust FSB's holdings in Cisco Systems were worth $32,772,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CSCO. Guinness Asset Management LTD raised its holdings in shares of Cisco Systems by 5.2% during the 4th quarter. Guinness Asset Management LTD now owns 4,441,557 shares of the network equipment provider's stock worth $262,912,000 after acquiring an additional 221,017 shares during the period. Corundum Group Inc. raised its stake in Cisco Systems by 44.1% during the fourth quarter. Corundum Group Inc. now owns 28,187 shares of the network equipment provider's stock worth $1,669,000 after purchasing an additional 8,625 shares during the period. Diversify Wealth Management LLC boosted its holdings in Cisco Systems by 48.7% in the 4th quarter. Diversify Wealth Management LLC now owns 82,998 shares of the network equipment provider's stock valued at $4,875,000 after purchasing an additional 27,175 shares during the last quarter. Ellsworth Advisors LLC grew its stake in shares of Cisco Systems by 1.7% in the 4th quarter. Ellsworth Advisors LLC now owns 104,744 shares of the network equipment provider's stock valued at $6,201,000 after buying an additional 1,711 shares during the period. Finally, Grove Bank & Trust increased its holdings in shares of Cisco Systems by 8.8% during the 4th quarter. Grove Bank & Trust now owns 15,024 shares of the network equipment provider's stock worth $889,000 after buying an additional 1,221 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Trading Up 0.7 %

NASDAQ CSCO opened at $60.23 on Monday. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $60.95. The firm has a 50 day moving average of $58.91 and a two-hundred day moving average of $53.57. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $239.88 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 4.37 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The firm had revenue of $13.84 billion during the quarter, compared to the consensus estimate of $13.78 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The company's revenue was down 5.6% compared to the same quarter last year. As a group, research analysts expect that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Friday, January 3rd. Cisco Systems's payout ratio is 68.67%.

Wall Street Analyst Weigh In

CSCO has been the subject of several analyst reports. Melius upgraded Cisco Systems from a "hold" rating to a "buy" rating and increased their price objective for the stock from $66.00 to $73.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. upgraded Cisco Systems from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $55.00 to $66.00 in a report on Monday, November 11th. Morgan Stanley lifted their price target on shares of Cisco Systems from $62.00 to $68.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. Citigroup upped their price objective on shares of Cisco Systems from $64.00 to $68.00 and gave the stock a "buy" rating in a report on Friday. Finally, Melius Research upgraded shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Cisco Systems has an average rating of "Moderate Buy" and an average target price of $61.50.

Insider Activity at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 3,042 shares of the business's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $59.19, for a total value of $180,055.98. Following the completion of the sale, the executive vice president now directly owns 207,798 shares of the company's stock, valued at approximately $12,299,563.62. The trade was a 1.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard Scott Herren sold 86,351 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $4,964,318.99. Following the transaction, the chief financial officer now owns 365,314 shares in the company, valued at $21,001,901.86. This represents a 19.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 353,522 shares of company stock valued at $20,349,721 over the last three months. 0.01% of the stock is owned by corporate insiders.

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.

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