S.E.E.D. Planning Group LLC Has $1.26 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

S.E.E.D. Planning Group LLC raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 118.1% during the first quarter, HoldingsChannel reports. The firm owned 25,187 shares of the network equipment provider’s stock after acquiring an additional 13,640 shares during the quarter. S.E.E.D. Planning Group LLC’s holdings in Cisco Systems were worth $1,257,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Cisco Systems in the 4th quarter valued at $2,528,939,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Cisco Systems by 9.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 73,439,747 shares of the network equipment provider’s stock valued at $3,672,445,000 after acquiring an additional 6,345,954 shares during the last quarter. FIL Ltd raised its position in Cisco Systems by 47.1% during the 4th quarter. FIL Ltd now owns 18,922,422 shares of the network equipment provider’s stock worth $955,961,000 after purchasing an additional 6,054,748 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Cisco Systems by 29.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,727,214 shares of the network equipment provider’s stock worth $895,576,000 after purchasing an additional 3,989,543 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Cisco Systems by 25.0% during the 4th quarter. California Public Employees Retirement System now owns 18,750,237 shares of the network equipment provider’s stock worth $947,262,000 after purchasing an additional 3,753,165 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Activity

In related news, EVP Deborah L. Stahlkopf sold 2,619 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $45.34, for a total value of $118,745.46. Following the completion of the transaction, the executive vice president now directly owns 176,384 shares in the company, valued at $7,997,250.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Deborah L. Stahlkopf sold 2,619 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $45.34, for a total value of $118,745.46. Following the completion of the transaction, the executive vice president now directly owns 176,384 shares in the company, valued at $7,997,250.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Maria Victoria Wong sold 762 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $45.42, for a total transaction of $34,610.04. Following the completion of the transaction, the senior vice president now owns 51,788 shares of the company’s stock, valued at $2,352,210.96. The disclosure for this sale can be found here. Insiders sold 41,106 shares of company stock worth $1,908,923 in the last three months. Corporate insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wells Fargo & Company raised their target price on Cisco Systems from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 16th. Citigroup assumed coverage on Cisco Systems in a research report on Friday, April 12th. They set a “neutral” rating and a $52.00 target price for the company. JPMorgan Chase & Co. began coverage on Cisco Systems in a research report on Monday, April 22nd. They set a “neutral” rating and a $53.00 target price for the company. Morgan Stanley began coverage on Cisco Systems in a research report on Tuesday, April 9th. They issued an “overweight” rating and a $58.00 price objective for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research report on Monday, June 10th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.47.

Cisco Systems Stock Performance

CSCO stock traded up $0.06 during midday trading on Friday, reaching $47.51. 23,921,057 shares of the company’s stock traded hands, compared to its average volume of 20,878,226. The company has a 50-day moving average price of $47.06 and a two-hundred day moving average price of $48.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.89. Cisco Systems, Inc. has a 52 week low of $44.95 and a 52 week high of $58.19. The firm has a market capitalization of $191.41 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 2.75 and a beta of 0.85.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. The firm had revenue of $12.70 billion during the quarter, compared to analyst estimates of $12.53 billion. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The business’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 EPS. As a group, equities analysts anticipate that Cisco Systems, Inc. will post 3.14 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Friday, July 5th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, July 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.37%. Cisco Systems’s dividend payout ratio (DPR) is currently 53.87%.

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.