Warburton Capital Management LLC Takes Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Warburton Capital Management LLC purchased a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,413 shares of the network equipment provider's stock, valued at approximately $261,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB grew its position in Cisco Systems by 0.6% during the third quarter. Swedbank AB now owns 9,029,594 shares of the network equipment provider's stock worth $480,555,000 after buying an additional 52,711 shares in the last quarter. Baker Avenue Asset Management LP lifted its stake in Cisco Systems by 21.7% during the third quarter. Baker Avenue Asset Management LP now owns 16,235 shares of the network equipment provider's stock worth $864,000 after purchasing an additional 2,894 shares during the period. Tyler Stone Wealth Management lifted its stake in Cisco Systems by 88.8% during the third quarter. Tyler Stone Wealth Management now owns 5,435 shares of the network equipment provider's stock worth $289,000 after purchasing an additional 2,556 shares during the period. Ashton Thomas Securities LLC bought a new position in Cisco Systems during the third quarter worth about $216,000. Finally, Jaffetilchin Investment Partners LLC lifted its stake in Cisco Systems by 5.2% during the third quarter. Jaffetilchin Investment Partners LLC now owns 22,559 shares of the network equipment provider's stock worth $1,201,000 after purchasing an additional 1,123 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Price Performance

Shares of CSCO stock opened at $60.67 on Wednesday. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $66.50. The firm has a market capitalization of $241.36 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 4.16 and a beta of 0.79. 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 fifty day moving average of $61.72 and a 200-day moving average of $57.60.

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Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings results 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 net margin of 16.96% and a return on equity of 26.08%. On average, equities research analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 12th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the network equipment provider to repurchase up to 6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors 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. This represents a $1.64 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Thursday, April 3rd. Cisco Systems's payout ratio is currently 71.62%.

Insider Activity at Cisco Systems

In related news, CEO Charles Robbins sold 31,983 shares of the business's stock in a transaction 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 directly owns 736,120 shares of the company's stock, valued at approximately $47,413,489.20. The trade was a 4.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Maria Victoria Wong sold 586 shares of the business's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $58.69, for a total transaction of $34,392.34. Following the completion of the sale, the senior vice president now directly owns 50,767 shares in the company, valued at $2,979,515.23. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,348 shares of company stock valued at $4,318,181. 0.01% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on CSCO. UBS Group raised their price target on shares of Cisco Systems from $62.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. The Goldman Sachs Group lifted their target price on shares of Cisco Systems from $56.00 to $63.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Melius upgraded shares of 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 note on Monday, January 6th. StockNews.com cut shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 5th. Finally, BNP Paribas upgraded shares of Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 target price for the company in a research note on Tuesday, January 28th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Cisco Systems has a consensus rating of "Moderate Buy" and an average price target of $66.63.

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.

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