New Age Alpha Advisors LLC Acquires 225,020 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

New Age Alpha Advisors LLC increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 45,184.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 225,518 shares of the network equipment provider's stock after purchasing an additional 225,020 shares during the quarter. Cisco Systems makes up 0.5% of New Age Alpha Advisors LLC's investment portfolio, making the stock its 28th largest holding. New Age Alpha Advisors LLC's holdings in Cisco Systems were worth $13,351,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Cisco Systems in the fourth quarter valued at $3,297,905,000. Caisse Des Depots ET Consignations bought a new stake in Cisco Systems during the fourth quarter worth about $10,074,000. Blair William & Co. IL boosted its holdings in shares of Cisco Systems by 0.7% in the 4th quarter. Blair William & Co. IL now owns 772,846 shares of the network equipment provider's stock worth $45,752,000 after acquiring an additional 5,302 shares in the last quarter. Rockbridge Investment Management LCC acquired a new stake in Cisco Systems during the 4th quarter valued at $211,000. Finally, Howe & Rusling Inc. raised its position in Cisco Systems by 9.3% in the 4th quarter. Howe & Rusling Inc. now owns 17,547 shares of the network equipment provider's stock valued at $1,039,000 after purchasing an additional 1,486 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

Cisco Systems Stock Up 0.7 %

Cisco Systems stock traded up $0.40 during mid-day trading on Monday, reaching $61.26. The company's stock had a trading volume of 6,417,217 shares, compared to its average volume of 19,438,367. The business's 50 day simple moving average is $62.11 and its 200 day simple moving average is $58.60. 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 12 month low of $44.50 and a 12 month high of $66.50. The company has a market capitalization of $243.71 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 4.16 and a beta of 0.79.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share (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%. As a group, research analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be paid a $0.41 dividend. The ex-dividend date is Thursday, April 3rd. 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 2.68%. Cisco Systems's dividend payout ratio (DPR) is currently 71.62%.

Cisco Systems declared that its Board of Directors has approved a share buyback plan 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 reacquire up to 6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CSCO shares. StockNews.com lowered Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. raised their price target on shares of Cisco Systems from $69.00 to $73.00 and gave the company an "overweight" rating in a report 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. Barclays restated an "equal weight" rating on shares of Cisco Systems in a research report on Thursday, March 6th. Finally, Melius upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and increased their price target for the company from $66.00 to $73.00 in a research report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $66.63.

Insiders Place Their Bets

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 2,065 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $60.70, for a total value of $125,345.50. Following the sale, the executive vice president now owns 191,184 shares in the company, valued at $11,604,868.80. This represents a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard Scott Herren sold 19,929 shares of Cisco Systems stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $64.41, for a total value of $1,283,626.89. Following the transaction, the chief financial officer now 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 66,547 shares of company stock valued at $4,275,553. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Company 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.