Mather Group LLC. Boosts Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Mather Group LLC. grew its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 25.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 72,310 shares of the network equipment provider’s stock after buying an additional 14,551 shares during the period. Mather Group LLC.’s holdings in Cisco Systems were worth $3,609,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Delos Wealth Advisors LLC raised its stake in shares of Cisco Systems by 1,666.7% in the fourth quarter. Delos Wealth Advisors LLC now owns 636 shares of the network equipment provider’s stock worth $32,000 after buying an additional 600 shares during the period. DiNuzzo Private Wealth Inc. bought a new stake in Cisco Systems during the 4th quarter worth approximately $33,000. Morton Brown Family Wealth LLC lifted its holdings in Cisco Systems by 41.9% during the fourth quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 208 shares in the last quarter. Bourgeon Capital Management LLC boosted its position in shares of Cisco Systems by 3,500.0% in the fourth quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 700 shares during the period. Finally, Retirement Group LLC increased its stake in shares of Cisco Systems by 56.8% in the first quarter. Retirement Group LLC now owns 726 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 263 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Trading Up 0.9 %

NASDAQ CSCO traded up $0.42 on Tuesday, hitting $45.16. 20,406,565 shares of the stock were exchanged, compared to its average volume of 19,643,270. Cisco Systems, Inc. has a 52-week low of $44.64 and a 52-week high of $58.19. The firm has a market capitalization of $181.94 billion, a P/E ratio of 15.21, a P/E/G ratio of 2.97 and a beta of 0.85. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.89. The stock has a fifty day moving average price of $46.78 and a two-hundred day moving average price of $48.21.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.70 by $0.18. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The company had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $12.53 billion. During the same period in the prior year, the firm posted $0.88 EPS. The firm’s revenue was down 12.8% compared to the same quarter last year. Research analysts forecast that Cisco Systems, Inc. will post 3.14 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Investors of record on Friday, July 5th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.54%. Cisco Systems’s payout ratio is 53.87%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CSCO. BNP Paribas raised shares of Cisco Systems from an “underperform” rating to a “neutral” rating and set a $50.00 target price for the company in a report on Monday, May 13th. Wells Fargo & Company increased 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. Oppenheimer boosted their price target on Cisco Systems from $54.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. Barclays increased their price objective on shares of Cisco Systems from $48.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, May 17th. Finally, Bank of America raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $60.00 in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $56.47.

Insider Activity at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 26,331 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $46.10, for a total transaction of $1,213,859.10. Following the transaction, the chief executive officer now directly owns 725,363 shares in the company, valued at approximately $33,439,234.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Maria Victoria Wong sold 3,378 shares of Cisco Systems stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $45.89, for a total value of $155,016.42. Following the transaction, the senior vice president now owns 52,953 shares of the company’s stock, valued at approximately $2,430,013.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Charles Robbins sold 26,331 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $46.10, for a total transaction of $1,213,859.10. Following the sale, the chief executive officer now directly owns 725,363 shares of the company’s stock, valued at approximately $33,439,234.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,106 shares of company stock worth $1,908,923. Company insiders own 0.02% of the company’s stock.

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.