Wilmington Savings Fund Society FSB Purchases 190,353 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Wilmington Savings Fund Society FSB lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 45.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 607,956 shares of the network equipment provider's stock after purchasing an additional 190,353 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Cisco Systems were worth $32,355,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Lantz Financial LLC raised its holdings in shares of Cisco Systems by 1.2% in the 2nd quarter. Lantz Financial LLC now owns 60,993 shares of the network equipment provider's stock valued at $2,898,000 after acquiring an additional 736 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of Cisco Systems by 5,313.7% during the 2nd quarter. ORG Partners LLC now owns 9,095 shares of the network equipment provider's stock worth $432,000 after acquiring an additional 8,927 shares during the last quarter. Archford Capital Strategies LLC grew its position in Cisco Systems by 6.0% in the second quarter. Archford Capital Strategies LLC now owns 20,867 shares of the network equipment provider's stock worth $991,000 after acquiring an additional 1,177 shares in the last quarter. Lorne Steinberg Wealth Management Inc. increased its stake in Cisco Systems by 0.6% in the second quarter. Lorne Steinberg Wealth Management Inc. now owns 113,607 shares of the network equipment provider's stock valued at $5,397,000 after acquiring an additional 725 shares during the last quarter. Finally, Fiduciary Financial Group LLC bought a new stake in Cisco Systems during the second quarter worth about $520,000. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Activity

In other Cisco Systems news, SVP Maria Victoria Wong sold 4,881 shares of the company's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $59.73, for a total value of $291,542.13. Following the sale, the senior vice president now owns 51,931 shares in the company, valued at approximately $3,101,838.63. This represents a 8.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kristina M. Johnson sold 7,500 shares of Cisco Systems stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $59.87, for a total transaction of $449,025.00. Following the transaction, the director now owns 65,915 shares of the company's stock, valued at $3,946,331.05. The trade was a 10.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 349,894 shares of company stock worth $20,135,273 in the last quarter. 0.01% of the stock is owned by company insiders.

Cisco Systems Trading Up 0.4 %

CSCO stock traded up $0.26 on Thursday, reaching $58.85. The company's stock had a trading volume of 17,649,973 shares, compared to its average volume of 19,094,416. The firm has a market cap of $234.39 billion, a PE ratio of 25.15, a PEG ratio of 4.39 and a beta of 0.85. The business has a fifty day simple moving average of $56.89 and a two-hundred day simple moving average of $51.19. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $60.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88.

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

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, January 3rd. Cisco Systems's dividend payout ratio is currently 68.67%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CSCO. Deutsche Bank Aktiengesellschaft increased their price objective on Cisco Systems from $52.00 to $53.00 and gave the company a "hold" rating in a research report on Thursday, August 15th. New Street Research raised shares of Cisco Systems from a "neutral" rating to a "buy" rating and set a $57.00 price target on the stock in a research note on Thursday, August 15th. StockNews.com raised shares of Cisco Systems from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Morgan Stanley lifted their target price on shares of Cisco Systems from $58.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. Finally, Barclays raised their price objective on Cisco Systems from $49.00 to $56.00 and gave the company an "equal weight" rating in a research note on Thursday, November 14th. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Cisco Systems currently has an average rating of "Moderate Buy" and an average price target of $59.94.

About Cisco Systems

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.