Trust Co. of Toledo NA OH Purchases 8,008 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Trust Co. of Toledo NA OH grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 122,807 shares of the network equipment provider’s stock after purchasing an additional 8,008 shares during the quarter. Cisco Systems makes up 1.0% of Trust Co. of Toledo NA OH’s portfolio, making the stock its 27th biggest position. Trust Co. of Toledo NA OH’s holdings in Cisco Systems were worth $7,270,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CSCO. Fiduciary Alliance LLC raised its stake in Cisco Systems by 85.3% in the fourth quarter. Fiduciary Alliance LLC now owns 20,434 shares of the network equipment provider’s stock valued at $1,210,000 after buying an additional 9,405 shares during the last quarter. Winthrop Advisory Group LLC raised its holdings in shares of Cisco Systems by 5.9% during the fourth quarter. Winthrop Advisory Group LLC now owns 9,223 shares of the network equipment provider’s stock worth $546,000 after purchasing an additional 513 shares during the last quarter. Matrix Trust Co boosted its stake in shares of Cisco Systems by 518.3% in the fourth quarter. Matrix Trust Co now owns 4,563 shares of the network equipment provider’s stock worth $270,000 after buying an additional 3,825 shares during the last quarter. Aprio Wealth Management LLC grew its stake in shares of Cisco Systems by 48.0% during the 4th quarter. Aprio Wealth Management LLC now owns 11,052 shares of the network equipment provider’s stock worth $654,000 after purchasing an additional 3,583 shares during the period. Finally, Czech National Bank increased its holdings in Cisco Systems by 5.3% in the fourth quarter. Czech National Bank now owns 864,248 shares of the network equipment provider’s stock valued at $51,163,000 after buying an additional 43,536 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

NASDAQ:CSCO traded up $0.10 during mid-day trading on Monday, reaching $58.84. 4,078,988 shares of the stock were exchanged, compared to its average volume of 15,060,838. The stock has a market capitalization of $234.35 billion, a P/E ratio of 25.25, a P/E/G ratio of 4.37 and a beta of 0.84. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $60.23. The company has a 50 day simple moving average of $58.67 and a 200-day simple moving average of $53.18. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $13.84 billion for the quarter, compared to analyst estimates of $13.78 billion. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The business’s revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.98 earnings per share. Analysts anticipate that Cisco Systems, Inc. will post 2.97 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Friday, January 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 68.67%.

Insider Buying and Selling

In other news, CFO Richard Scott Herren sold 86,351 shares of Cisco Systems stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $4,964,318.99. Following the transaction, the chief financial officer now directly owns 365,314 shares of the company’s stock, valued at $21,001,901.86. The trade was a 19.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Charles Robbins sold 171,744 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $9,873,562.56. Following the completion of the sale, the chief executive officer now owns 783,786 shares of the company’s stock, valued at approximately $45,059,857.14. This represents a 17.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 353,522 shares of company stock worth $20,349,721 in the last three months. Corporate insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on CSCO shares. Wells Fargo & Company raised their price objective on Cisco Systems from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Evercore ISI raised their price objective on Cisco Systems from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Tigress Financial upped their price target on Cisco Systems from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, October 14th. UBS Group lifted their target price on shares of Cisco Systems from $55.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Finally, Barclays upped their price target 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. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $61.28.

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.