MainStreet Investment Advisors LLC Has $4.20 Million Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

MainStreet Investment Advisors LLC boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 93,766 shares of the network equipment provider’s stock after acquiring an additional 2,065 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in Cisco Systems were worth $4,196,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CSCO. Leisure Capital Management boosted its holdings in shares of Cisco Systems by 547.9% during the third quarter. Leisure Capital Management now owns 28,463 shares of the network equipment provider’s stock worth $1,121,000 after acquiring an additional 24,070 shares during the period. Sippican Capital Advisors boosted its holdings in shares of Cisco Systems by 9.7% during the third quarter. Sippican Capital Advisors now owns 30,563 shares of the network equipment provider’s stock worth $1,204,000 after acquiring an additional 2,712 shares during the period. 180 Wealth Advisors LLC boosted its holdings in shares of Cisco Systems by 8.4% during the third quarter. 180 Wealth Advisors LLC now owns 35,252 shares of the network equipment provider’s stock worth $1,382,000 after acquiring an additional 2,727 shares during the period. FLC Capital Advisors boosted its stake in shares of Cisco Systems by 19.9% in the third quarter. FLC Capital Advisors now owns 21,268 shares of the network equipment provider’s stock valued at $834,000 after buying an additional 3,530 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Cisco Systems by 64.9% in the third quarter. Sequoia Financial Advisors LLC now owns 92,084 shares of the network equipment provider’s stock valued at $3,627,000 after buying an additional 36,241 shares during the period. 70.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CSCO stock traded down $0.16 on Tuesday, reaching $45.27. 727,772 shares of the company were exchanged, compared to its average volume of 21,138,654. The company has a market cap of $191.12 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 2.54 and a beta of 0.95. The company has a 50-day moving average of $45.85 and a 200-day moving average of $42.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.59 and a quick ratio of 1.54. Cisco Systems, Inc. has a one year low of $32.40 and a one year high of $49.34.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Tuesday, February 9th. The network equipment provider reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.03. Cisco Systems had a net margin of 21.76% and a return on equity of 32.64%. During the same period in the previous year, the business posted $0.77 EPS. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 2.86 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 28th. Investors of record on Tuesday, April 6th will be given a $0.37 dividend. This is a boost from Cisco Systems’s previous quarterly dividend of $0.36. The ex-dividend date is Monday, April 5th. This represents a $1.48 annualized dividend and a yield of 3.27%. Cisco Systems’s dividend payout ratio (DPR) is presently 49.32%.

Several equities research analysts have weighed in on the company. DZ Bank upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Thursday, February 11th. New Street Research upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a report on Friday, November 13th. Royal Bank of Canada reiterated a “buy” rating and set a $49.00 price target on shares of Cisco Systems in a report on Friday, November 13th. JPMorgan Chase & Co. upped their price target on shares of Cisco Systems from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, January 25th. Finally, Raymond James upped their price target on shares of Cisco Systems from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, February 10th. Sixteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Cisco Systems currently has an average rating of “Hold” and a consensus price target of $48.63.

In other Cisco Systems news, CFO Kelly A. Kramer sold 45,000 shares of the stock in a transaction dated Friday, November 27th. The shares were sold at an average price of $42.81, for a total value of $1,926,450.00. Following the completion of the sale, the chief financial officer now owns 297,078 shares in the company, valued at approximately $12,717,909.18. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Maria Martinez sold 2,000 shares of the stock in a transaction dated Tuesday, December 1st. The shares were sold at an average price of $44.00, for a total transaction of $88,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,530 shares of company stock valued at $3,338,858. Company insiders own 0.02% of the company’s stock.

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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

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

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