Fairhaven Wealth Management LLC Purchases 167 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Fairhaven Wealth Management LLC grew its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,581 shares of the network equipment provider’s stock after acquiring an additional 167 shares during the quarter. Fairhaven Wealth Management LLC’s holdings in Cisco Systems were worth $449,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mengis Capital Management Inc. boosted its holdings in Cisco Systems by 5.2% during the fourth quarter. Mengis Capital Management Inc. now owns 6,305 shares of the network equipment provider’s stock worth $373,000 after purchasing an additional 314 shares during the last quarter. CWS Financial Advisors LLC lifted its position in Cisco Systems by 14.9% during the 4th quarter. CWS Financial Advisors LLC now owns 12,227 shares of the network equipment provider’s stock worth $724,000 after buying an additional 1,587 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in shares of Cisco Systems by 20.2% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 39,675 shares of the network equipment provider’s stock worth $2,349,000 after buying an additional 6,671 shares during the last quarter. Addison Advisors LLC grew its holdings in shares of Cisco Systems by 2.4% in the 4th quarter. Addison Advisors LLC now owns 17,401 shares of the network equipment provider’s stock valued at $1,030,000 after acquiring an additional 400 shares in the last quarter. Finally, BankPlus Trust Department acquired a new stake in shares of Cisco Systems in the fourth quarter valued at about $2,847,000. 73.33% of the stock is owned by institutional investors.

Cisco Systems Trading Down 1.2 %

Shares of Cisco Systems stock opened at $63.24 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87. The firm has a 50-day moving average of $60.75 and a 200-day moving average of $56.42. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $66.50. The stock has a market cap of $251.59 billion, a PE ratio of 27.62, a PEG ratio of 4.16 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share (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%. As a group, sell-side analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems declared that its board has approved a share repurchase program on Wednesday, February 12th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the network equipment provider to buy up to 6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are 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 issued a $0.41 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This is a boost from Cisco Systems’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 2.59%. Cisco Systems’s payout ratio is currently 69.87%.

Insider Activity

In related news, CEO Charles Robbins sold 31,983 shares of Cisco Systems stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $64.41, for a total value of $2,060,025.03. Following the transaction, the chief executive officer now directly owns 736,120 shares of the company’s stock, valued at $47,413,489.20. This trade represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 11,808 shares of the company’s stock in a transaction on 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 owns 200,191 shares of the company’s stock, valued at $12,886,294.67. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 79,729 shares of company stock worth $5,058,748. 0.01% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CSCO has been the subject of a number of analyst reports. Bank of America raised their price target on Cisco Systems from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Citigroup raised their target price on shares of Cisco Systems from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Melius Research raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Melius raised shares of Cisco Systems from a “hold” rating to a “buy” rating and lifted their price objective for the company from $66.00 to $73.00 in a research report on Monday, January 6th. Finally, BNP Paribas raised shares of Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 target price on the stock in a report on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.53.

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.