8,906 Shares in Cisco Systems, Inc. (NASDAQ:CSCO) Purchased by First Citizens Financial Corp

First Citizens Financial Corp purchased a new position in Cisco Systems, Inc. (NASDAQ:CSCO) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,906 shares of the network equipment provider’s stock, valued at approximately $427,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cordasco Financial Network grew its stake in shares of Cisco Systems by 78.4% in the 3rd quarter. Cordasco Financial Network now owns 1,142 shares of the network equipment provider’s stock valued at $56,000 after buying an additional 502 shares in the last quarter. Candriam Luxembourg S.C.A. grew its stake in shares of Cisco Systems by 21.1% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 1,483,927 shares of the network equipment provider’s stock valued at $75,000 after buying an additional 258,073 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Cisco Systems by 408.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,561 shares of the network equipment provider’s stock valued at $77,000 after buying an additional 1,254 shares in the last quarter. Phocas Financial Corp. bought a new stake in shares of Cisco Systems in the 2nd quarter valued at approximately $82,000. Finally, Neo Ivy Capital Management bought a new stake in shares of Cisco Systems in the 2nd quarter valued at approximately $89,000. 72.62% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CAO Prat Bhatt sold 39,343 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $44.88, for a total transaction of $1,765,713.84. Following the completion of the transaction, the chief accounting officer now directly owns 137,634 shares in the company, valued at $6,177,013.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kelly A. Kramer sold 70,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $45.19, for a total value of $3,163,300.00. Following the transaction, the chief financial officer now owns 352,587 shares of the company’s stock, valued at $15,933,406.53. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 388,864 shares of company stock valued at $17,474,321. Corporate insiders own 0.03% of the company’s stock.

Several equities research analysts recently commented on the company. Royal Bank of Canada set a $56.00 price target on Cisco Systems and gave the company a “buy” rating in a research note on Wednesday, November 13th. Goldman Sachs Group set a $48.00 price target on Cisco Systems and gave the company a “neutral” rating in a research note on Thursday, November 14th. Credit Suisse Group set a $46.00 price target on Cisco Systems and gave the company a “neutral” rating in a research note on Thursday, November 14th. William Blair reissued a “market perform” rating on shares of Cisco Systems in a research note on Thursday, November 14th. Finally, Barclays raised Cisco Systems from an “equal weight” rating to an “overweight” rating and set a $53.00 price target for the company in a research note on Thursday, December 19th. Thirteen research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $54.69.

CSCO opened at $48.80 on Wednesday. The business has a 50 day moving average price of $46.91 and a 200 day moving average price of $48.95. Cisco Systems, Inc. has a twelve month low of $43.40 and a twelve month high of $58.26. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.64 and a current ratio of 1.70. The firm has a market cap of $207.96 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 2.85 and a beta of 1.23.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, November 13th. The network equipment provider reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.03. Cisco Systems had a return on equity of 35.01% and a net margin of 21.15%. The firm had revenue of $13.16 billion during the quarter, compared to analyst estimates of $13.09 billion. During the same period in the previous year, the company earned $0.75 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, analysts anticipate that Cisco Systems, Inc. will post 2.94 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.40 annualized dividend and a yield of 2.87%. Cisco Systems’s dividend payout ratio (DPR) is currently 49.12%.

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 worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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