Alpha Cubed Investments LLC Boosts Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Alpha Cubed Investments LLC grew its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 804,352 shares of the network equipment provider’s stock after buying an additional 28,373 shares during the period. Cisco Systems makes up 2.3% of Alpha Cubed Investments LLC’s holdings, making the stock its 10th biggest position. Alpha Cubed Investments LLC’s holdings in Cisco Systems were worth $40,636,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CSCO. Mitchell Mcleod Pugh & Williams Inc. increased its position in shares of Cisco Systems by 1.1% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 42,080 shares of the network equipment provider’s stock worth $2,262,000 after purchasing an additional 463 shares during the period. Moisand Fitzgerald Tamayo LLC grew its position in Cisco Systems by 67.6% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 1,666 shares of the network equipment provider’s stock valued at $90,000 after acquiring an additional 672 shares during the last quarter. Arthur M. Cohen & Associates LLC grew its position in Cisco Systems by 24.1% in the third quarter. Arthur M. Cohen & Associates LLC now owns 6,170 shares of the network equipment provider’s stock valued at $332,000 after acquiring an additional 1,200 shares during the last quarter. Linden Thomas Advisory Services LLC grew its position in Cisco Systems by 7.0% in the third quarter. Linden Thomas Advisory Services LLC now owns 14,865 shares of the network equipment provider’s stock valued at $799,000 after acquiring an additional 967 shares during the last quarter. Finally, Signet Investment Advisory Group Inc. grew its position in Cisco Systems by 0.5% in the third quarter. Signet Investment Advisory Group Inc. now owns 66,204 shares of the network equipment provider’s stock valued at $3,559,000 after acquiring an additional 335 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling

In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the completion of the sale, the executive vice president now 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 is available at this link. In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the business’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 $16,424,550. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction on 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 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. Over the last 90 days, insiders sold 19,441 shares of company stock worth $972,080. 0.02% of the stock is owned by corporate insiders.

Cisco Systems Stock Down 1.7 %

Shares of NASDAQ CSCO traded down $0.80 during midday trading on Tuesday, hitting $46.98. 18,531,437 shares of the stock traded hands, compared to its average volume of 19,243,893. The company has a market cap of $190.23 billion, a PE ratio of 14.52, a P/E/G ratio of 2.76 and a beta of 0.87. Cisco Systems, Inc. has a one year low of $45.56 and a one year high of $58.19. The business has a 50 day moving average price of $48.92 and a two-hundred day moving average price of $49.97. 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 (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.84 by $0.03. The firm had revenue of $12.79 billion during the quarter, compared to the consensus estimate of $12.71 billion. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 earnings per share. On average, equities analysts predict that Cisco Systems, Inc. will post 3.13 EPS for the current year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Thursday, April 4th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $1.60 annualized dividend and a yield of 3.41%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio is 48.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CSCO shares. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a research report on Tuesday, April 9th. JPMorgan Chase & Co. initiated coverage on Cisco Systems in a research note on Monday, April 22nd. They set a “neutral” rating and a $53.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, April 9th. Melius lowered Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Morgan Stanley assumed coverage on Cisco Systems in a research note on Tuesday, April 9th. They set an “overweight” rating and a $58.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $55.53.

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.