15,954 Shares in Cisco Systems, Inc. (NASDAQ:CSCO) Acquired by Sylvest Advisors LLC

Sylvest Advisors LLC bought a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,954 shares of the network equipment provider's stock, valued at approximately $944,000. Cisco Systems comprises 0.6% of Sylvest Advisors LLC's investment portfolio, making the stock its 25th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP boosted its holdings in Cisco Systems by 222.4% during the second quarter. Quarry LP now owns 661 shares of the network equipment provider's stock valued at $31,000 after acquiring an additional 456 shares during the period. Czech National Bank boosted its holdings in shares of Cisco Systems by 6.4% in the 3rd quarter. Czech National Bank now owns 820,712 shares of the network equipment provider's stock worth $43,678,000 after acquiring an additional 49,100 shares in the last quarter. Apella Capital LLC increased its holdings in Cisco Systems by 2.2% during the 3rd quarter. Apella Capital LLC now owns 11,194 shares of the network equipment provider's stock valued at $589,000 after purchasing an additional 242 shares in the last quarter. Mirador Capital Partners LP increased its stake in shares of Cisco Systems by 2.4% in the third quarter. Mirador Capital Partners LP now owns 18,118 shares of the network equipment provider's stock valued at $964,000 after buying an additional 430 shares in the last quarter. Finally, Quent Capital LLC boosted its position in Cisco Systems by 26.5% in the 3rd quarter. Quent Capital LLC now owns 22,824 shares of the network equipment provider's stock valued at $1,214,000 after buying an additional 4,775 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CSCO. Citigroup upped their target price on shares of Cisco Systems from $64.00 to $68.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Melius raised Cisco Systems from a "hold" rating to a "buy" rating and lifted their target price for the company from $66.00 to $73.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. raised shares of Cisco Systems from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $55.00 to $66.00 in a research report on Monday, November 11th. Barclays increased their target price on Cisco Systems from $49.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 14th. Finally, BNP Paribas upgraded Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 target price for the company in a research report on Tuesday, January 28th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Cisco Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.72.

Cisco Systems Stock Up 2.0 %

Shares of NASDAQ:CSCO traded up $1.22 during mid-day trading on Wednesday, hitting $62.56. 10,673,254 shares of the company traded hands, compared to its average volume of 18,410,031. The stock has a market cap of $249.17 billion, a P/E ratio of 26.84, a P/E/G ratio of 4.51 and a beta of 0.84. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average price of $59.52 and a two-hundred day moving average price of $54.77. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $62.60.

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

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.56%. Cisco Systems's payout ratio is 68.67%.

Insider Buying and Selling at Cisco Systems

In other news, CEO Charles Robbins sold 171,744 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $9,873,562.56. Following the transaction, the chief executive officer now directly owns 783,786 shares of the company's stock, valued at $45,059,857.14. This represents a 17.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Thimaya K. Subaiya sold 21,230 shares of the firm's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $57.07, for a total value of $1,211,596.10. Following the completion of the transaction, the executive vice president now directly owns 213,834 shares in the company, valued at $12,203,506.38. The trade was a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 353,522 shares of company stock valued at $20,349,721. 0.01% of the stock is currently owned by company 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.