Cisco Systems, Inc. (NASDAQ:CSCO) Position Increased by Insight 2811 Inc.

Insight 2811 Inc. raised its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 29.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,444 shares of the network equipment provider’s stock after purchasing an additional 5,294 shares during the period. Cisco Systems comprises about 0.7% of Insight 2811 Inc.’s portfolio, making the stock its 18th largest holding. Insight 2811 Inc.’s holdings in Cisco Systems were worth $1,124,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Emerald Advisers LLC bought a new stake in Cisco Systems during the fourth quarter valued at $38,000. Sageworth Trust Co increased its stake in Cisco Systems by 59.5% during the fourth quarter. Sageworth Trust Co now owns 804 shares of the network equipment provider’s stock valued at $39,000 after purchasing an additional 300 shares during the last quarter. IndexIQ Advisors LLC bought a new stake in Cisco Systems during the fourth quarter valued at $70,000. Birch Capital Management LLC bought a new stake in Cisco Systems during the fourth quarter valued at $94,000. Finally, ICW Investment Advisors LLC bought a new stake in Cisco Systems during the fourth quarter valued at $108,000. Hedge funds and other institutional investors own 72.54% of the company’s stock.

CSCO has been the subject of several recent research reports. Nomura boosted their target price on shares of Cisco Systems from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. BidaskClub lowered shares of Cisco Systems from a “hold” rating to a “sell” rating in a research report on Thursday. ValuEngine upgraded shares of Cisco Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Barclays upgraded shares of Cisco Systems from an “equal weight” rating to an “overweight” rating and set a $53.00 price target for the company in a research report on Thursday, December 19th. Finally, Citigroup restated a “buy” rating and set a $55.00 price target on shares of Cisco Systems in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the stock. Cisco Systems has a consensus rating of “Buy” and a consensus target price of $54.41.

In related news, CEO Charles Robbins sold 208,084 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $44.83, for a total value of $9,328,405.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Prat Bhatt sold 39,343 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $44.88, for a total transaction of $1,765,713.84. Following the completion of the sale, the chief accounting officer now directly owns 137,634 shares of the company’s stock, valued at approximately $6,177,013.92. The disclosure for this sale can be found here. Insiders sold 365,534 shares of company stock valued at $16,428,904 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

CSCO stock traded up $0.56 during trading on Thursday, hitting $46.85. The company had a trading volume of 20,400,786 shares, compared to its average volume of 19,606,148. The firm has a market capitalization of $197.65 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 2.69 and a beta of 1.22. The business has a 50 day moving average of $47.87 and a 200 day moving average of $47.64. Cisco Systems, Inc. has a fifty-two week low of $43.40 and a fifty-two week high of $58.26. The company has a current ratio of 1.81, a quick ratio of 1.75 and a debt-to-equity ratio of 0.41.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.01. The business had revenue of $12 billion during the quarter, compared to the consensus estimate of $11.98 billion. Cisco Systems had a net margin of 21.44% and a return on equity of 36.40%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.73 earnings per share. As a group, equities analysts predict that Cisco Systems, Inc. will post 2.96 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Friday, April 3rd will be issued a $0.36 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.44 annualized dividend and a yield of 3.07%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.35. Cisco Systems’s dividend payout ratio is presently 49.12%.

About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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