Weaver Capital Management LLC Boosts Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Weaver Capital Management LLC increased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 16.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,031 shares of the network equipment provider’s stock after purchasing an additional 6,916 shares during the period. Weaver Capital Management LLC’s holdings in Cisco Systems were worth $2,962,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Hager Investment Management Services LLC bought a new stake in Cisco Systems in the 4th quarter worth approximately $282,000. Sargent Investment Group LLC increased its stake in Cisco Systems by 16.0% in the 4th quarter. Sargent Investment Group LLC now owns 6,308 shares of the network equipment provider’s stock worth $371,000 after acquiring an additional 872 shares during the last quarter. Cassia Capital Partners LLC increased its stake in Cisco Systems by 30.2% in the 4th quarter. Cassia Capital Partners LLC now owns 17,033 shares of the network equipment provider’s stock worth $1,008,000 after acquiring an additional 3,950 shares during the last quarter. 1858 Wealth Management LLC increased its stake in Cisco Systems by 14.0% in the 4th quarter. 1858 Wealth Management LLC now owns 19,656 shares of the network equipment provider’s stock worth $1,164,000 after acquiring an additional 2,420 shares during the last quarter. Finally, Avitas Wealth Management LLC increased its stake in Cisco Systems by 0.7% in the 4th quarter. Avitas Wealth Management LLC now owns 37,219 shares of the network equipment provider’s stock worth $2,203,000 after acquiring an additional 256 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Thimaya K. Subaiya sold 21,230 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $57.07, for a total value of $1,211,596.10. Following the transaction, the executive vice president now owns 213,834 shares in the company, valued at $12,203,506.38. This trade represents a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Maria Victoria Wong sold 586 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $58.69, for a total value of $34,392.34. Following the completion of the transaction, the senior vice president now owns 50,767 shares in the company, valued at approximately $2,979,515.23. This trade represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 353,522 shares of company stock valued at $20,349,721 over the last ninety days. Company insiders own 0.01% of the company’s stock.

Cisco Systems Trading Up 0.5 %

Shares of NASDAQ:CSCO opened at $61.34 on Wednesday. The business’s 50-day moving average is $59.49 and its 200 day moving average is $54.67. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $62.31. The firm has a market capitalization of $244.30 billion, a P/E ratio of 26.33, a P/E/G ratio of 4.51 and a beta of 0.84. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, topping the consensus estimate 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%. Cisco Systems’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. On average, research analysts predict that Cisco Systems, Inc. will post 2.97 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on Cisco Systems from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Bank of America boosted their target price on Cisco Systems from $60.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. StockNews.com raised Cisco Systems from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Barclays boosted their target price on Cisco Systems from $49.00 to $56.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Finally, UBS Group boosted their target price on Cisco Systems from $55.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.72.

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.