Townsquare Capital LLC Purchases 11,617 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Townsquare Capital LLC increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 555,507 shares of the network equipment provider's stock after purchasing an additional 11,617 shares during the period. Townsquare Capital LLC's holdings in Cisco Systems were worth $32,886,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of CSCO. Norges Bank acquired a new position in Cisco Systems during the 4th quarter worth approximately $3,297,905,000. FMR LLC lifted its stake in shares of Cisco Systems by 20.8% in the 4th quarter. FMR LLC now owns 77,216,513 shares of the network equipment provider's stock valued at $4,571,218,000 after acquiring an additional 13,285,052 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Cisco Systems during the 4th quarter worth $560,722,000. Alliancebernstein L.P. boosted its stake in shares of Cisco Systems by 50.3% during the fourth quarter. Alliancebernstein L.P. now owns 6,627,956 shares of the network equipment provider's stock valued at $392,375,000 after purchasing an additional 2,219,311 shares in the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of Cisco Systems by 520.4% in the fourth quarter. APG Asset Management N.V. now owns 2,608,715 shares of the network equipment provider's stock valued at $149,141,000 after buying an additional 2,188,252 shares during the period. Institutional investors and hedge funds own 73.33% of the company's stock.

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Cisco Systems Trading Down 0.4 %

Cisco Systems stock traded down $0.21 during mid-day trading on Tuesday, hitting $57.20. The company's stock had a trading volume of 14,708,993 shares, compared to its average volume of 20,075,916. The business has a 50 day moving average price of $61.19 and a 200-day moving average price of $59.08. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $66.50. The stock has a market cap of $227.56 billion, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 4.16 and a beta of 0.86. 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 (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share 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, analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be given a $0.41 dividend. This is a boost from Cisco Systems's previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.87%. Cisco Systems's payout ratio is presently 71.62%.

Cisco Systems announced that its Board of Directors has approved a share repurchase program 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 programs are generally an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. upped their price objective on shares of Cisco Systems from $69.00 to $73.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Barclays restated an "equal weight" rating on shares of Cisco Systems in a report on Thursday, March 6th. Citigroup lowered their price objective on shares of Cisco Systems from $73.00 to $68.00 and set a "buy" rating for the company in a research note on Monday. Finally, Wells Fargo & Company reaffirmed 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 assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Cisco Systems presently has an average rating of "Moderate Buy" and a consensus price target of $65.74.

Insider Buying and Selling

In related news, EVP Thimaya K. Subaiya sold 2,065 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $60.70, for a total transaction of $125,345.50. Following the transaction, the executive vice president now owns 191,184 shares in the company, valued at $11,604,868.80. The trade was a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles Robbins sold 31,983 shares of Cisco Systems stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $64.41, for a total value of $2,060,025.03. Following the sale, the chief executive officer now owns 736,120 shares in the company, valued at $47,413,489.20. This represents a 4.16 % 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 over the last ninety days. 0.01% of the stock is owned by insiders.

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.