American Money Management LLC Acquires 1,409 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

American Money Management LLC boosted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 13.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,105 shares of the network equipment provider’s stock after buying an additional 1,409 shares during the period. American Money Management LLC’s holdings in Cisco Systems were worth $717,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Public Sector Pension Investment Board grew its position in shares of Cisco Systems by 12.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 175,424 shares of the network equipment provider’s stock worth $9,336,000 after buying an additional 19,800 shares during the period. Fred Alger Management LLC boosted its stake in Cisco Systems by 4.7% during the 3rd quarter. Fred Alger Management LLC now owns 105,069 shares of the network equipment provider’s stock worth $5,592,000 after acquiring an additional 4,759 shares during the last quarter. TRUE Private Wealth Advisors grew its holdings in Cisco Systems by 4.2% during the third quarter. TRUE Private Wealth Advisors now owns 20,516 shares of the network equipment provider’s stock valued at $1,092,000 after purchasing an additional 829 shares during the period. Point72 Europe London LLP bought a new stake in Cisco Systems in the third quarter valued at approximately $11,357,000. Finally, Edgestream Partners L.P. raised its holdings in Cisco Systems by 194.3% in the third quarter. Edgestream Partners L.P. now owns 130,569 shares of the network equipment provider’s stock worth $6,949,000 after purchasing an additional 86,197 shares during the period. 73.33% of the stock is owned by institutional investors.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 31,983 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the transaction, the chief executive officer now owns 736,120 shares in the company, valued at $47,413,489.20. This trade represents a 4.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Maria Victoria Wong sold 762 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $60.99, for a total transaction of $46,474.38. Following the completion of the sale, the senior vice president now directly owns 44,155 shares of the company’s stock, valued at approximately $2,693,013.45. The trade was a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,547 shares of company stock worth $4,275,553 over the last ninety days. Insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

CSCO has been the subject of several research analyst reports. BNP Paribas raised shares of Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 price target for the company in a report on Tuesday, January 28th. StockNews.com cut Cisco Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 5th. Rosenblatt Securities raised Cisco Systems from a “neutral” rating to a “buy” rating and raised their price target for the stock from $66.00 to $80.00 in a research report on Thursday, February 13th. UBS Group boosted their price objective on Cisco Systems from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of Cisco Systems from $69.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.63.

Cisco Systems Stock Down 0.9 %

Cisco Systems stock opened at $60.86 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79. The company’s 50-day moving average is $62.11 and its 200-day moving average is $58.54. The firm has a market capitalization of $242.12 billion, a PE ratio of 26.58, a P/E/G ratio of 4.16 and a beta of 0.79. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $66.50.

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

Cisco Systems announced that its board has initiated a share buyback plan on Wednesday, February 12th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the network equipment provider to buy up to 6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.69%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 3rd. Cisco Systems’s payout ratio is 71.62%.

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.