Austin Wealth Management LLC Boosts Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Austin Wealth Management LLC boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,268 shares of the network equipment provider’s stock after acquiring an additional 209 shares during the quarter. Austin Wealth Management LLC’s holdings in Cisco Systems were worth $317,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Swedbank AB grew its holdings in Cisco Systems by 0.6% during the third quarter. Swedbank AB now owns 9,029,594 shares of the network equipment provider’s stock worth $480,555,000 after acquiring an additional 52,711 shares during the period. Baker Avenue Asset Management LP increased its position in Cisco Systems by 21.7% in the 3rd quarter. Baker Avenue Asset Management LP now owns 16,235 shares of the network equipment provider’s stock worth $864,000 after buying an additional 2,894 shares during the period. Tyler Stone Wealth Management increased its position in shares of Cisco Systems by 88.8% during the third quarter. Tyler Stone Wealth Management now owns 5,435 shares of the network equipment provider’s stock valued at $289,000 after purchasing an additional 2,556 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Cisco Systems in the 3rd quarter valued at $216,000. Finally, Jaffetilchin Investment Partners LLC boosted its stake in Cisco Systems by 5.2% in the third quarter. Jaffetilchin Investment Partners LLC now owns 22,559 shares of the network equipment provider’s stock worth $1,201,000 after purchasing an additional 1,123 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

CSCO has been the subject of several recent analyst reports. Barclays restated an “equal weight” rating on shares of Cisco Systems in a report on Thursday, March 6th. Rosenblatt Securities upgraded Cisco Systems from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $66.00 to $80.00 in a research note on Thursday, February 13th. Morgan Stanley raised their price objective on Cisco Systems from $62.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Citigroup reissued an “overweight” rating on shares of Cisco Systems in a report on Thursday, March 6th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Cisco Systems in a report on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and a consensus target price of $66.63.

Cisco Systems Trading Down 2.2 %

NASDAQ CSCO opened at $60.67 on Wednesday. The business has a 50 day simple moving average of $61.72 and a 200 day simple moving average of $57.60. The stock has a market capitalization of $241.36 billion, a P/E ratio of 26.49, a P/E/G ratio of 4.16 and a beta of 0.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $66.50.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.14). Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. Research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Thursday, April 3rd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.40. Cisco Systems’s payout ratio is 71.62%.

Cisco Systems declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 12th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the network equipment provider to repurchase up to 6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Insider Activity at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 11,808 shares of Cisco Systems stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $64.37, for a total value of $760,080.96. Following the sale, the executive vice president now directly owns 200,191 shares of the company’s stock, valued at approximately $12,886,294.67. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Maria Victoria Wong sold 586 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $58.69, for a total value of $34,392.34. Following the sale, the senior vice president now directly owns 50,767 shares in the company, valued at $2,979,515.23. The trade was a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,348 shares of company stock worth $4,318,181 in the last 90 days. Company insiders own 0.01% 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.