38,626 Shares in Cisco Systems, Inc. (NASDAQ:CSCO) Acquired by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC acquired a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 38,626 shares of the network equipment provider's stock, valued at approximately $2,287,000.

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

Insider Activity

In related news, CFO Richard Scott Herren sold 19,929 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $21,616,318.05. The trade was a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Thimaya K. Subaiya sold 2,065 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were 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 of the company's stock, valued at approximately $11,604,868.80. This trade represents a 1.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,547 shares of company stock worth $4,275,553. 0.01% of the stock is currently owned by corporate insiders.

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Cisco Systems Trading Up 0.1 %

CSCO traded up $0.08 on Monday, reaching $57.41. 15,657,094 shares of the company's stock were exchanged, compared to its average volume of 20,097,317. The company has a market cap of $228.39 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 4.16 and a beta of 0.86. 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 twelve month low of $44.50 and a twelve month high of $66.50. The company's 50 day moving average is $61.19 and its 200-day moving average is $59.08.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results 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 net margin of 16.96% and a return on equity of 26.08%. 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 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 purchase up to 6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Cisco Systems Increases Dividend

The business also recently announced 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. This is an increase from Cisco Systems's previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.86%. Cisco Systems's dividend payout ratio is presently 71.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CSCO shares. Morgan Stanley increased their target price on Cisco Systems from $62.00 to $68.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. BNP Paribas upgraded Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 price objective for the company in a research report on Tuesday, January 28th. StockNews.com lowered shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 5th. UBS Group lifted their price target on shares of Cisco Systems from $62.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Finally, Barclays reissued an "equal weight" rating on shares of Cisco Systems in a research note on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Cisco Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $65.74.

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.