Flynn Zito Capital Management LLC Purchases 484 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Flynn Zito Capital Management LLC lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,394 shares of the network equipment provider’s stock after acquiring an additional 484 shares during the quarter. Cisco Systems makes up 0.8% of Flynn Zito Capital Management LLC’s investment portfolio, making the stock its 16th largest position. Flynn Zito Capital Management LLC’s holdings in Cisco Systems were worth $1,131,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CSCO. State Street Corp lifted its holdings in Cisco Systems by 2.2% during the 1st quarter. State Street Corp now owns 184,879,450 shares of the network equipment provider’s stock worth $9,664,544,000 after purchasing an additional 4,061,022 shares in the last quarter. Morgan Stanley lifted its holdings in Cisco Systems by 17.4% during the 4th quarter. Morgan Stanley now owns 61,788,267 shares of the network equipment provider’s stock worth $2,943,593,000 after purchasing an additional 9,160,347 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Cisco Systems by 112,307.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 59,519,500 shares of the network equipment provider’s stock worth $2,835,509,000 after purchasing an additional 59,466,550 shares in the last quarter. FMR LLC lifted its holdings in Cisco Systems by 3.2% during the 3rd quarter. FMR LLC now owns 57,102,221 shares of the network equipment provider’s stock worth $3,069,815,000 after purchasing an additional 1,790,717 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Cisco Systems by 6.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 53,356,141 shares of the network equipment provider’s stock worth $2,975,139,000 after purchasing an additional 3,087,294 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Trading Up 0.6 %

CSCO traded up $0.31 on Thursday, hitting $48.10. 12,627,388 shares of the company were exchanged, compared to its average volume of 19,431,010. The firm has a fifty day simple moving average of $49.14 and a two-hundred day simple moving average of $50.31. 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 stock has a market capitalization of $194.77 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 2.75 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.03. The business had revenue of $12.79 billion for the quarter, compared to analyst estimates of $12.71 billion. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. Cisco Systems’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the company earned $0.76 EPS. Sell-side analysts expect that Cisco Systems, Inc. will post 3.14 earnings per share for the current year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th will be given a $0.40 dividend. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Wednesday, April 3rd. Cisco Systems’s dividend payout ratio (DPR) is currently 48.63%.

Insider Transactions at Cisco Systems

In other news, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the sale, the senior vice president now directly owns 58,121 shares in the company, valued at approximately $2,906,050. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Richard Scott Herren sold 13,942 shares of Cisco Systems stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the sale, the chief financial officer now directly owns 328,491 shares in the company, valued at $16,424,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the sale, the senior vice president now owns 58,121 shares in the company, valued at $2,906,050. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,441 shares of company stock worth $972,080. 0.02% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group increased their price objective on Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Citigroup started coverage on Cisco Systems in a report on Friday, April 12th. They issued a “neutral” rating and a $52.00 price target on the stock. StockNews.com cut Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Wells Fargo & Company started coverage on Cisco Systems in a report on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Cisco Systems presently has an average rating of “Hold” and a consensus price target of $56.03.

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 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.