Cisco Systems, Inc. (NASDAQ:CSCO) Shares Acquired by Carson Advisory Inc.

Carson Advisory Inc. increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,667 shares of the network equipment provider’s stock after buying an additional 240 shares during the quarter. Carson Advisory Inc.’s holdings in Cisco Systems were worth $286,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Brookstone Capital Management increased its stake in Cisco Systems by 29.9% during the third quarter. Brookstone Capital Management now owns 41,196 shares of the network equipment provider’s stock valued at $2,197,000 after acquiring an additional 9,481 shares during the period. Accurate Wealth Management LLC grew its holdings in shares of Cisco Systems by 18.2% in the 3rd quarter. Accurate Wealth Management LLC now owns 38,119 shares of the network equipment provider’s stock valued at $2,056,000 after acquiring an additional 5,861 shares in the last quarter. Vicus Capital grew its holdings in Cisco Systems by 7.5% during the third quarter. Vicus Capital now owns 15,361 shares of the network equipment provider’s stock worth $826,000 after purchasing an additional 1,077 shares during the period. Litman Gregory Wealth Management LLC bought a new stake in shares of Cisco Systems during the third quarter worth approximately $254,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Cisco Systems by 12.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 759,522 shares of the network equipment provider’s stock valued at $40,832,000 after buying an additional 83,930 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO traded down $0.05 during trading on Thursday, hitting $46.79. The company had a trading volume of 15,055,655 shares, compared to its average volume of 19,189,049. The stock has a 50 day simple moving average of $48.86 and a 200 day simple moving average of $49.90. The firm has a market capitalization of $189.46 billion, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 2.71 and a beta of 0.87. Cisco Systems, Inc. has a 12 month low of $45.56 and a 12 month high of $58.19. 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 results on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The company had revenue of $12.79 billion during the quarter, compared to analysts’ expectations of $12.71 billion. During the same period last year, the business posted $0.76 earnings per share. The firm’s revenue was down 5.9% compared to the same quarter last year. As a group, analysts anticipate that Cisco Systems, Inc. will post 3.13 earnings per share for the current year.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This is a boost 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 3.42%. Cisco Systems’s payout ratio is presently 48.63%.

Analyst Ratings Changes

Several brokerages recently weighed in on CSCO. JPMorgan Chase & Co. began coverage on shares of Cisco Systems in a research note on Monday, April 22nd. They issued a “neutral” rating and a $53.00 price objective on the stock. Barclays raised their price target on shares of Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, April 9th. Melius lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Melius Research reissued a “hold” rating and set a $55.00 price objective on shares of Cisco Systems in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.53.

Insider Buying and Selling

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the company’s stock in a transaction that occurred 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 directly owns 191,559 shares of the company’s stock, valued at approximately $9,579,865.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction of $124,850.00. Following the sale, the senior vice president now owns 58,121 shares of the company’s stock, valued at $2,906,050. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction that occurred 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 sale, 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 19,441 shares of company stock valued at $972,080 in the last three months. 0.02% of the stock is owned by corporate insiders.

Cisco Systems 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.