Roberts Glore & Co. Inc. IL Has $3.91 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Roberts Glore & Co. Inc. IL decreased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 66,102 shares of the network equipment provider's stock after selling 4,528 shares during the quarter. Cisco Systems accounts for about 1.2% of Roberts Glore & Co. Inc. IL's investment portfolio, making the stock its 16th biggest position. Roberts Glore & Co. Inc. IL's holdings in Cisco Systems were worth $3,913,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CSCO. Swedbank AB increased its stake in Cisco Systems by 0.6% in the third quarter. Swedbank AB now owns 9,029,594 shares of the network equipment provider's stock valued at $480,555,000 after acquiring an additional 52,711 shares during the period. Capital Performance Advisors LLP bought a new stake in Cisco Systems during the third quarter worth about $51,000. Hollencrest Capital Management grew its stake in Cisco Systems by 2.8% during the third quarter. Hollencrest Capital Management now owns 7,651 shares of the network equipment provider's stock worth $407,000 after buying an additional 208 shares during the last quarter. Fiera Capital Corp grew its stake in Cisco Systems by 11.2% during the third quarter. Fiera Capital Corp now owns 13,279 shares of the network equipment provider's stock worth $707,000 after buying an additional 1,341 shares during the last quarter. Finally, Leavell Investment Management Inc. grew its stake in Cisco Systems by 29.8% during the third quarter. Leavell Investment Management Inc. now owns 83,559 shares of the network equipment provider's stock worth $4,447,000 after buying an additional 19,169 shares during the last quarter. Institutional investors own 73.33% of the company's stock.

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Analyst Upgrades and Downgrades

CSCO has been the topic of several research analyst reports. StockNews.com cut shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. The Goldman Sachs Group upped their target price 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. Morgan Stanley upped their target price on shares of Cisco Systems from $62.00 to $68.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 17th. Wells Fargo & Company reiterated an "equal weight" rating on shares of Cisco Systems in a research report on Thursday. Finally, Bank of America upped their target price on shares of Cisco Systems from $60.00 to $72.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Seven research 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's stock. According to MarketBeat.com, Cisco Systems currently has an average rating of "Moderate Buy" and an average target price of $66.63.

Cisco Systems Trading Up 0.8 %

CSCO traded up $0.53 during mid-day trading on Friday, hitting $63.94. The stock had a trading volume of 21,153,303 shares, compared to its average volume of 20,042,023. The stock's fifty day simple moving average is $61.63 and its 200-day simple moving average is $57.44. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $66.50. The firm has a market capitalization of $254.37 billion, a price-to-earnings ratio of 27.92, a price-to-earnings-growth ratio of 4.16 and a beta of 0.79.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data 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%. As a group, research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The business 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 dividend of $0.41 per share. This is an increase from Cisco Systems's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.56%. Cisco Systems's dividend payout ratio is currently 71.62%.

Cisco Systems announced that its Board of Directors has approved a share repurchase plan on Wednesday, February 12th that permits the company to repurchase $15.00 billion in 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 board of directors believes its stock is undervalued.

Insider Transactions at Cisco Systems

In related news, SVP Maria Victoria Wong sold 586 shares of the firm's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $58.69, for a total value of $34,392.34. Following the completion of the transaction, the senior vice president now owns 50,767 shares of the company's stock, valued at approximately $2,979,515.23. This trade represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles Robbins sold 31,983 shares of the firm's stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 736,120 shares of the company's stock, valued at approximately $47,413,489.20. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,348 shares of company stock valued at $4,318,181 over the last quarter. Corporate insiders own 0.01% of the company's stock.

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.