West Oak Capital LLC Has $1.79 Million Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

West Oak Capital LLC reduced its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,467 shares of the network equipment provider’s stock after selling 1,180 shares during the quarter. West Oak Capital LLC’s holdings in Cisco Systems were worth $1,785,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kathleen S. Wright Associates Inc. acquired a new position in shares of Cisco Systems during the third quarter valued at $27,000. Valued Wealth Advisors LLC acquired a new position in shares of Cisco Systems in the 4th quarter valued at $32,000. Fortis Capital Advisors LLC acquired a new stake in shares of Cisco Systems during the fourth quarter worth $34,000. Hibernia Wealth Partners LLC bought a new stake in Cisco Systems in the third quarter valued at about $42,000. Finally, VitalStone Financial LLC bought a new stake in shares of Cisco Systems in the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CSCO shares. UBS Group lifted their price objective on shares of Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Melius Research restated a “hold” rating and issued a $55.00 price objective on shares of Cisco Systems in a research report on Monday, January 8th. Wells Fargo & Company began coverage on shares of Cisco Systems in a report on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 price target for the company. Barclays boosted their price objective on shares of Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Finally, Melius downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Cisco Systems currently has an average rating of “Hold” and an average target price of $56.42.

Insider Buying and Selling at Cisco Systems

In other news, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the transaction, the senior vice president now owns 58,121 shares of the company’s stock, valued at $2,906,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of Cisco Systems stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the sale, the chief financial officer now owns 328,491 shares in the company, valued at approximately $16,424,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Maria Victoria Wong sold 2,497 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total transaction of $124,850.00. Following the transaction, the senior vice president now owns 58,121 shares in the company, valued at approximately $2,906,050. The disclosure for this sale can be found here. Insiders have sold a total of 19,441 shares of company stock valued at $972,080 in the last three months. 0.02% of the stock is currently owned by company insiders.

Cisco Systems Stock Performance

NASDAQ:CSCO traded up $0.34 during mid-day trading on Thursday, hitting $50.11. The stock had a trading volume of 3,062,762 shares, compared to its average volume of 19,679,523. The company’s 50 day simple moving average is $49.78 and its 200 day simple moving average is $50.94. The stock has a market cap of $202.90 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 2.24 and a beta of 0.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.37. Cisco Systems, Inc. has a twelve month low of $45.56 and a twelve month high of $58.19.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The business had revenue of $12.79 billion during the quarter, compared to the consensus estimate of $12.71 billion. During the same quarter last year, the firm posted $0.76 EPS. The company’s quarterly revenue was down 5.9% on a year-over-year basis. On average, equities research analysts forecast that Cisco Systems, Inc. will post 3.16 earnings per share for the current year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 3.19%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio is 47.42%.

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.