Cisco Systems, Inc. (NASDAQ:CSCO) Shares Acquired by Wealth Dimensions Group Ltd.

Wealth Dimensions Group Ltd. increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) by 7.0% during the 4th quarter, HoldingsChannel reports. The fund owned 11,913 shares of the network equipment provider’s stock after acquiring an additional 776 shares during the quarter. Wealth Dimensions Group Ltd.’s holdings in Cisco Systems were worth $568,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Retirement Financial Solutions LLC acquired a new stake in shares of Cisco Systems during the fourth quarter worth about $25,000. My Personal CFO LLC acquired a new stake in Cisco Systems in the fourth quarter valued at approximately $27,000. EWG Elevate Inc. acquired a new stake in Cisco Systems in the fourth quarter valued at approximately $36,000. Horizon Bancorp Inc. IN acquired a new stake in Cisco Systems in the fourth quarter valued at approximately $37,000. Finally, VitalStone Financial LLC acquired a new stake in Cisco Systems in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 71.10% of the company’s stock.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO traded up $0.97 during midday trading on Friday, hitting $50.00. 8,670,321 shares of the stock were exchanged, compared to its average volume of 18,408,469. The stock has a market cap of $204.79 billion, a P/E ratio of 17.64, a PEG ratio of 2.23 and a beta of 1.00. The company has a current ratio of 1.39, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. Cisco Systems, Inc. has a twelve month low of $38.60 and a twelve month high of $52.56. The company has a 50 day moving average price of $48.89 and a 200-day moving average price of $48.36.

Cisco Systems (NASDAQ:CSCO – Get Rating) last released its quarterly earnings results on Wednesday, May 17th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.03. The business had revenue of $14.57 billion during the quarter, compared to the consensus estimate of $14.36 billion. Cisco Systems had a return on equity of 31.66% and a net margin of 20.89%. The business’s revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 EPS. On average, research analysts forecast that Cisco Systems, Inc. will post 3.33 earnings per share for the current year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Thursday, July 6th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Wednesday, July 5th. Cisco Systems’s dividend payout ratio is presently 56.12%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. DZ Bank raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Friday, February 17th. The Goldman Sachs Group initiated coverage on shares of Cisco Systems in a research note on Monday, March 6th. They issued a “neutral” rating on the stock. Raymond James increased their price target on shares of Cisco Systems from $63.00 to $64.00 in a research note on Thursday, May 18th. StockNews.com upgraded shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Cisco Systems from $55.00 to $54.00 in a research report on Monday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Cisco Systems has a consensus rating of “Moderate Buy” and an average target price of $56.52.

Insider Buying and Selling

In related news, EVP Jeffery S. Sharritts sold 5,175 shares of Cisco Systems stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $49.11, for a total transaction of $254,144.25. Following the completion of the sale, the executive vice president now owns 259,893 shares in the company, valued at approximately $12,763,345.23. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Cisco Systems news, Director Kristina M. Johnson sold 2,880 shares of Cisco Systems stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $49.21, for a total value of $141,724.80. Following the completion of the sale, the director now owns 65,838 shares in the company, valued at approximately $3,239,887.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeffery S. Sharritts sold 5,175 shares of Cisco Systems stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $49.11, for a total value of $254,144.25. Following the completion of the sale, the executive vice president now owns 259,893 shares of the company’s stock, valued at approximately $12,763,345.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,654 shares of company stock worth $813,946. 0.02% of the stock is owned by corporate insiders.

Cisco Systems Profile

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Cisco Systems, Inc engages in the design, manufacture, and sale of Internet Protocol-based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its products include the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security.