Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by Davidson Trust Co.

Davidson Trust Co. raised its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,624 shares of the network equipment provider’s stock after acquiring an additional 1,035 shares during the period. Davidson Trust Co.’s holdings in Cisco Systems were worth $688,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Financial Symmetry Inc purchased a new position in shares of Cisco Systems during the fourth quarter worth $403,000. HTLF Bank acquired a new position in Cisco Systems during the fourth quarter worth about $6,855,000. Fidelis Capital Partners LLC boosted its position in Cisco Systems by 35.0% during the fourth quarter. Fidelis Capital Partners LLC now owns 38,809 shares of the network equipment provider’s stock worth $1,961,000 after acquiring an additional 10,069 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp boosted its position in Cisco Systems by 48.6% during the fourth quarter. Obermeyer Wood Investment Counsel Lllp now owns 8,947 shares of the network equipment provider’s stock worth $452,000 after acquiring an additional 2,925 shares during the last quarter. Finally, Xponance Inc. grew its stake in shares of Cisco Systems by 5.2% in the 4th quarter. Xponance Inc. now owns 562,506 shares of the network equipment provider’s stock valued at $28,418,000 after buying an additional 27,630 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Trading Up 0.2 %

Shares of Cisco Systems stock traded up $0.10 during trading on Friday, hitting $48.21. 5,346,087 shares of the company were exchanged, compared to its average volume of 19,301,979. The firm has a market capitalization of $195.21 billion, a P/E ratio of 14.65, a price-to-earnings-growth ratio of 2.74 and a beta of 0.87. Cisco Systems, Inc. has a 1-year low of $45.56 and a 1-year high of $58.19. The firm’s fifty day moving average price is $49.11 and its 200 day moving average price is $50.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The business had revenue of $12.79 billion for the quarter, compared to analysts’ expectations of $12.71 billion. During the same quarter in the previous year, the business posted $0.76 EPS. Cisco Systems’s revenue for the quarter was down 5.9% on a year-over-year basis. As a group, sell-side analysts expect that Cisco Systems, Inc. will post 3.14 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, April 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.32%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio is currently 48.63%.

Insider Transactions at Cisco Systems

In other news, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total transaction of $124,850.00. Following the sale, the senior vice president now owns 58,121 shares in the company, valued at approximately $2,906,050. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the transaction, the chief financial officer now owns 328,491 shares in the company, valued at approximately $16,424,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 2,497 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the transaction, the senior vice president now owns 58,121 shares in the company, valued at approximately $2,906,050. The disclosure for this sale can be found here. Insiders have sold a total of 19,441 shares of company stock worth $972,080 in the last 90 days. Corporate insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

CSCO has been the topic of several recent analyst reports. Wells Fargo & Company started coverage on shares of Cisco Systems in a report on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 price objective on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, April 9th. StockNews.com downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Finally, Melius downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $56.03.

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.