Cisco Systems, Inc. (NASDAQ:CSCO) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC grew its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 201,389 shares of the network equipment provider’s stock after purchasing an additional 6,333 shares during the period. Fisher Asset Management LLC’s holdings in Cisco Systems were worth $11,922,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CSCO. FPC Investment Advisory Inc. purchased a new stake in shares of Cisco Systems in the fourth quarter worth about $26,000. Highline Wealth Partners LLC boosted its stake in shares of Cisco Systems by 76.7% in the fourth quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider’s stock worth $35,000 after buying an additional 260 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in shares of Cisco Systems in the third quarter worth about $40,000. Decker Retirement Planning Inc. purchased a new stake in shares of Cisco Systems in the fourth quarter worth about $49,000. Finally, Capital Performance Advisors LLP purchased a new position in Cisco Systems during the third quarter worth approximately $51,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CSCO has been the topic of a number of recent analyst reports. DZ Bank upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Wells Fargo & Company increased their price target on Cisco Systems from $60.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 13th. Bank of America increased their price target on Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Melius upgraded Cisco Systems from a “hold” rating to a “buy” rating and increased their price target for the stock from $66.00 to $73.00 in a research report on Monday, January 6th. Finally, UBS Group increased their price target on Cisco Systems from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.63.

Cisco Systems Trading Down 1.0 %

CSCO opened at $63.48 on Tuesday. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $66.50. The business has a fifty day simple moving average of $61.32 and a 200-day simple moving average of $57.06. The firm has a market cap of $252.54 billion, a P/E ratio of 27.72, a P/E/G ratio of 4.16 and a beta of 0.84. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. On average, equities analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be issued a $0.41 dividend. The ex-dividend date is Thursday, April 3rd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 2.58%. Cisco Systems’s dividend payout ratio (DPR) is 71.62%.

Cisco Systems announced that its Board of Directors has initiated a share buyback program on Wednesday, February 12th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the network equipment provider to purchase up to 6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Cisco Systems

In related news, CEO Charles Robbins sold 31,983 shares of Cisco Systems stock in a transaction on Friday, February 14th. The stock was sold at an average price of $64.41, for a total value of $2,060,025.03. Following the completion of the transaction, the chief executive officer now directly owns 736,120 shares in the company, valued at approximately $47,413,489.20. This trade represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 11,808 shares of Cisco Systems stock in a transaction on Friday, February 21st. The shares were sold at an average price of $64.37, for a total value of $760,080.96. Following the completion of the transaction, the executive vice president now owns 200,191 shares of the company’s stock, valued at approximately $12,886,294.67. This trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,848 shares of company stock worth $4,767,206. Company insiders own 0.01% of the company’s stock.

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.