SageView Advisory Group LLC Raises Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

SageView Advisory Group LLC boosted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 88,355 shares of the network equipment provider's stock after buying an additional 6,487 shares during the quarter. SageView Advisory Group LLC's holdings in Cisco Systems were worth $5,231,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Mainstream Capital Management LLC bought a new stake in Cisco Systems in the 4th quarter valued at $132,000. GAMMA Investing LLC boosted its stake in shares of Cisco Systems by 13.1% in the 4th quarter. GAMMA Investing LLC now owns 93,357 shares of the network equipment provider's stock valued at $5,527,000 after purchasing an additional 10,813 shares during the last quarter. Proficio Capital Partners LLC grew its position in shares of Cisco Systems by 76.4% during the 4th quarter. Proficio Capital Partners LLC now owns 16,947 shares of the network equipment provider's stock worth $1,003,000 after buying an additional 7,338 shares during the period. Oddo BHF Asset Management Sas acquired a new stake in Cisco Systems during the 3rd quarter worth $502,000. Finally, Nordea Investment Management AB lifted its position in Cisco Systems by 1.2% in the 4th quarter. Nordea Investment Management AB now owns 18,718,195 shares of the network equipment provider's stock valued at $1,107,930,000 after acquiring an additional 216,632 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Activity at Cisco Systems

In other news, CFO Richard Scott Herren sold 19,929 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $64.41, for a total transaction of $1,283,626.89. Following the completion of the sale, the chief financial officer now owns 335,605 shares in the company, valued at approximately $21,616,318.05. This represents a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thimaya K. Subaiya sold 2,065 shares of Cisco Systems stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $60.70, for a total transaction of $125,345.50. Following the completion of the transaction, the executive vice president now owns 191,184 shares in the company, valued at approximately $11,604,868.80. This trade represents a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,547 shares of company stock valued at $4,275,553 in the last ninety days. Insiders own 0.01% of the company's stock.

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Analysts Set New Price Targets

CSCO has been the subject of a number of analyst reports. Wells Fargo & Company reissued an "equal weight" rating on shares of Cisco Systems in a research report on Thursday, March 6th. DZ Bank raised shares of Cisco Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. increased their price objective on shares of Cisco Systems from $69.00 to $73.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Morgan Stanley boosted their price target on Cisco Systems from $62.00 to $68.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. Finally, Rosenblatt Securities raised shares of Cisco Systems from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $66.00 to $80.00 in a research note on Thursday, February 13th. Seven equities 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $65.74.

Cisco Systems Trading Up 0.6 %

NASDAQ CSCO traded up $0.34 on Tuesday, reaching $57.75. The stock had a trading volume of 1,042,241 shares, compared to its average volume of 20,022,829. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $229.73 billion, a price-to-earnings ratio of 25.23, a P/E/G ratio of 4.16 and a beta of 0.86. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $66.50. The stock has a fifty day moving average price of $61.19 and a two-hundred day moving average price of $59.08.

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, sell-side analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems announced that its Board of Directors has approved a share buyback plan on Wednesday, February 12th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the network equipment provider to repurchase up to 6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its shares are undervalued.

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.84%. 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. Cisco Systems's dividend payout ratio is 71.62%.

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.