Unison Advisors LLC Raises Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Unison Advisors LLC lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,063 shares of the network equipment provider’s stock after buying an additional 512 shares during the quarter. Unison Advisors LLC’s holdings in Cisco Systems were worth $3,091,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Priebe Wealth Holdings LLC acquired a new position in Cisco Systems during the fourth quarter worth approximately $225,000. Cerity Partners LLC grew its stake in Cisco Systems by 23.8% during the fourth quarter. Cerity Partners LLC now owns 2,256,370 shares of the network equipment provider’s stock worth $113,992,000 after buying an additional 433,200 shares during the period. Janiczek Wealth Management LLC grew its stake in Cisco Systems by 7.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 16,896 shares of the network equipment provider’s stock worth $854,000 after buying an additional 1,109 shares during the period. G&S Capital LLC grew its stake in Cisco Systems by 29.3% during the fourth quarter. G&S Capital LLC now owns 23,576 shares of the network equipment provider’s stock worth $1,191,000 after buying an additional 5,345 shares during the period. Finally, Signature Estate & Investment Advisors LLC grew its stake in Cisco Systems by 254.5% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 838,454 shares of the network equipment provider’s stock worth $42,359,000 after buying an additional 601,910 shares during the period. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CSCO has been the subject of several research reports. Barclays boosted their price objective on shares of Cisco Systems from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, May 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a research report on Monday, June 10th. Oppenheimer increased their price target on Cisco Systems from $54.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. Wells Fargo & Company lifted their price target on shares of Cisco Systems from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 16th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Cisco Systems in a research note on Monday, April 22nd. They set a “neutral” rating and a $53.00 price objective on the stock. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Cisco Systems currently has a consensus rating of “Hold” and an average target price of $56.47.

Cisco Systems Stock Performance

NASDAQ CSCO traded down $0.36 on Friday, hitting $45.47. The stock had a trading volume of 21,217,648 shares, compared to its average volume of 19,636,689. The company’s 50-day moving average is $46.71 and its two-hundred day moving average is $48.07. The stock has a market cap of $183.19 billion, a price-to-earnings ratio of 15.31, a P/E/G ratio of 2.97 and a beta of 0.85. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 0.44. Cisco Systems, Inc. has a one year low of $44.64 and a one year high of $58.19.

Cisco Systems (NASDAQ:CSCO) last posted its 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 return on equity of 30.82% and a net margin of 21.88%. The firm had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $12.53 billion. During the same period last year, the firm earned $0.88 EPS. The firm’s revenue was down 12.8% compared to the same quarter last year. On average, analysts expect that Cisco Systems, Inc. will post 3.14 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Shareholders of record on Friday, July 5th were given a dividend of $0.40 per share. The ex-dividend date was Friday, July 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.52%. Cisco Systems’s dividend payout ratio (DPR) is 53.87%.

Insider Transactions at Cisco Systems

In other news, CEO Charles Robbins sold 26,331 shares of Cisco Systems stock in a transaction on Wednesday, May 29th. The stock was 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 legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Charles Robbins sold 26,331 shares of the firm’s 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 completion of the transaction, the chief executive officer now owns 725,363 shares in the company, valued at approximately $33,439,234.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Deborah L. Stahlkopf sold 8,016 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $48.24, for a total transaction of $386,691.84. Following the completion of the sale, the executive vice president now owns 180,705 shares in the company, valued at $8,717,209.20. The disclosure for this sale can be found here. In the last three months, insiders sold 41,106 shares of company stock valued at $1,908,923. Company insiders own 0.02% of the company’s stock.

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.