F M Investments LLC Has $621,000 Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

F M Investments LLC raised its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 25.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,295 shares of the network equipment provider’s stock after buying an additional 2,460 shares during the quarter. F M Investments LLC’s holdings in Cisco Systems were worth $621,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Cumberland Partners Ltd bought a new stake in shares of Cisco Systems during the fourth quarter valued at approximately $889,000. South Dakota Investment Council increased its position in shares of Cisco Systems by 289.0% during the fourth quarter. South Dakota Investment Council now owns 217,959 shares of the network equipment provider’s stock valued at $11,011,000 after purchasing an additional 161,933 shares during the period. NewSquare Capital LLC increased its position in shares of Cisco Systems by 5.0% during the fourth quarter. NewSquare Capital LLC now owns 112,962 shares of the network equipment provider’s stock valued at $5,643,000 after purchasing an additional 5,425 shares during the period. Cutter & CO Brokerage Inc. increased its position in shares of Cisco Systems by 5.4% during the fourth quarter. Cutter & CO Brokerage Inc. now owns 7,752 shares of the network equipment provider’s stock valued at $392,000 after purchasing an additional 400 shares during the period. Finally, GAMMA Investing LLC bought a new stake in shares of Cisco Systems during the fourth quarter valued at approximately $2,665,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Trading Up 0.4 %

Shares of CSCO traded up $0.18 during trading hours on Tuesday, hitting $48.32. 16,239,196 shares of the stock traded hands, compared to its average volume of 19,471,814. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14. Cisco Systems, Inc. has a 1-year low of $45.56 and a 1-year high of $58.19. The firm has a market capitalization of $195.66 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 2.77 and a beta of 0.87. The business has a fifty day moving average of $49.01 and a 200-day moving average of $50.13.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, beating 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 business had revenue of $12.79 billion for the quarter, compared to analyst estimates of $12.71 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. Analysts expect that Cisco Systems, Inc. will post 3.14 EPS 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 paid a $0.40 dividend. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, April 3rd. This represents a $1.60 annualized dividend and a yield of 3.31%. Cisco Systems’s dividend payout ratio is presently 48.63%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group boosted their price objective on Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. StockNews.com cut Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Morgan Stanley assumed coverage on Cisco Systems in a research report on Tuesday, April 9th. They issued an “overweight” rating and a $58.00 price target on the stock. Melius cut Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Melius Research reiterated a “hold” rating and issued a $55.00 price target on shares of Cisco Systems in a research report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Cisco Systems has a consensus rating of “Hold” and an average target price of $55.53.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total value of $150,130.02. Following the transaction, the executive vice president now owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total value of $150,130.02. Following the completion of the sale, the executive vice president now directly owns 191,559 shares in the company, valued at $9,579,865.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction dated 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 owns 328,491 shares of the company’s stock, valued at $16,424,550. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,441 shares of company stock valued at $972,080. 0.02% of the stock is currently owned by company insiders.

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.