Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,345,769 shares of the network equipment provider’s stock after purchasing an additional 3,931 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cisco Systems were worth $67,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CSCO. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Cisco Systems during the third quarter worth about $27,000. Valued Wealth Advisors LLC acquired a new stake in shares of Cisco Systems during the fourth quarter worth about $32,000. Morton Brown Family Wealth LLC lifted its holdings in shares of Cisco Systems by 41.9% during the fourth quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 208 shares during the period. Fortis Capital Advisors LLC acquired a new stake in shares of Cisco Systems during the fourth quarter worth about $34,000. Finally, Bourgeon Capital Management LLC lifted its holdings in shares of Cisco Systems by 3,500.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 700 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the sale, the chief financial officer now directly owns 328,491 shares in the company, valued at approximately $16,424,550. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Richard Scott Herren sold 13,942 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the transaction, the chief financial officer now owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the completion of the transaction, the executive vice president now directly owns 191,559 shares in the company, valued at approximately $9,579,865.59. The disclosure for this sale can be found here. Insiders sold a total of 19,441 shares of company stock worth $972,080 in the last three months. 0.02% of the stock is owned by corporate insiders.

Cisco Systems Price Performance

Shares of CSCO traded down $0.32 during trading hours on Tuesday, hitting $47.92. 13,940,564 shares of the stock were exchanged, compared to its average volume of 19,646,455. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.37. Cisco Systems, Inc. has a 12-month low of $45.56 and a 12-month high of $58.19. The company has a market cap of $194.04 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 2.78 and a beta of 0.87. The stock’s 50-day moving average price is $49.22 and its two-hundred day moving average price is $50.37.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The firm had revenue of $12.79 billion during the quarter, compared to analysts’ expectations of $12.71 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. Research analysts expect that Cisco Systems, Inc. will post 3.15 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 24th. Shareholders of record on Thursday, April 4th will be issued a $0.40 dividend. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 3.34%. The ex-dividend date is Wednesday, April 3rd. Cisco Systems’s dividend payout ratio is presently 48.63%.

Analysts Set New Price Targets

CSCO has been the subject of a number of research reports. StockNews.com downgraded Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Barclays boosted their price target on Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Wells Fargo & Company assumed coverage on Cisco Systems in a report on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 price target for the company. Morgan Stanley assumed coverage on Cisco Systems in a report on Tuesday, April 9th. They issued an “overweight” rating and a $58.00 price target for the company. Finally, UBS Group boosted their price target on Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $56.03.

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.