Lion Street Advisors LLC Boosts Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Lion Street Advisors LLC lifted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 7.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,774 shares of the network equipment provider’s stock after purchasing an additional 1,419 shares during the period. Lion Street Advisors LLC’s holdings in Cisco Systems were worth $1,230,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CSCO. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Cisco Systems by 9.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,557,874 shares of the network equipment provider’s stock worth $152,384,000 after buying an additional 219,831 shares during the period. Virginia Wealth Management Group Inc. boosted its holdings in Cisco Systems by 0.7% in the 4th quarter. Virginia Wealth Management Group Inc. now owns 74,294 shares of the network equipment provider’s stock worth $4,398,000 after buying an additional 514 shares during the period. Lockheed Martin Investment Management Co. boosted its holdings in Cisco Systems by 16.7% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 140,400 shares of the network equipment provider’s stock worth $8,312,000 after buying an additional 20,070 shares during the period. Weaver Capital Management LLC boosted its holdings in Cisco Systems by 16.0% in the 4th quarter. Weaver Capital Management LLC now owns 50,031 shares of the network equipment provider’s stock worth $2,962,000 after buying an additional 6,916 shares during the period. Finally, Hager Investment Management Services LLC bought a new position in Cisco Systems in the 4th quarter worth $282,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. UBS Group upped their target price on shares of Cisco Systems from $55.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Melius Research raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Tigress Financial increased their price objective on shares of Cisco Systems from $76.00 to $78.00 and gave the company a “buy” rating in a report on Monday, October 14th. Wells Fargo & Company increased their price objective on shares of Cisco Systems from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Finally, BNP Paribas raised shares of Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 price objective for the company in a report on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.72.

Insider Buying and Selling

In other news, SVP Maria Victoria Wong sold 4,881 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $59.73, for a total transaction of $291,542.13. Following the transaction, the senior vice president now directly owns 51,931 shares of the company’s stock, valued at approximately $3,101,838.63. This trade represents a 8.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Charles Robbins sold 171,744 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $9,873,562.56. Following the transaction, the chief executive officer now directly owns 783,786 shares in the company, valued at approximately $45,059,857.14. This trade 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 valued at $20,349,721 in the last ninety days. 0.01% of the stock is owned by company insiders.

Cisco Systems Stock Up 0.5 %

Shares of NASDAQ:CSCO opened at $61.34 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $62.31. The company has a market cap of $244.30 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 4.51 and a beta of 0.84. The company has a 50-day moving average price of $59.49 and a 200 day moving average price of $54.67.

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

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Friday, January 3rd. Cisco Systems’s dividend payout ratio (DPR) is currently 68.67%.

Cisco Systems 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.