Financial Symmetry Inc Purchases New Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Financial Symmetry Inc purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 7,977 shares of the network equipment provider’s stock, valued at approximately $403,000. Cisco Systems comprises about 0.4% of Financial Symmetry Inc’s investment portfolio, making the stock its 21st largest holding.

Several other hedge funds also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. bought a new position in Cisco Systems in the 3rd quarter worth about $27,000. Valued Wealth Advisors LLC purchased a new stake in Cisco Systems during the fourth quarter valued at approximately $32,000. Fortis Capital Advisors LLC purchased a new stake in Cisco Systems during the fourth quarter valued at approximately $34,000. Morton Brown Family Wealth LLC lifted its position in Cisco Systems by 41.9% during the fourth quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock valued at $36,000 after acquiring an additional 208 shares during the last quarter. Finally, Bourgeon Capital Management LLC raised its holdings in shares of Cisco Systems by 3,500.0% in the fourth quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock worth $36,000 after buying an additional 700 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Insider Transactions at Cisco Systems

In other news, CFO Richard Scott Herren sold 13,942 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the transaction, the chief financial officer now directly owns 328,491 shares in the company, valued at approximately $16,424,550. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the sale, the senior vice president now directly owns 58,121 shares of the company’s stock, valued at approximately $2,906,050. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Richard Scott Herren sold 13,942 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 328,491 shares in the company, valued at $16,424,550. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,441 shares of company stock worth $972,080. 0.02% of the stock is currently owned by insiders.

Cisco Systems Trading Up 0.2 %

NASDAQ:CSCO traded up $0.10 on Friday, hitting $48.21. The stock had a trading volume of 5,346,087 shares, compared to its average volume of 19,301,979. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. The stock has a market cap of $195.21 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 2.74 and a beta of 0.87. The company has a fifty day moving average price of $49.11 and a two-hundred day moving average price of $50.29. Cisco Systems, Inc. has a 1-year low of $45.56 and a 1-year high of $58.19.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results 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. The company had revenue of $12.79 billion for the quarter, compared to analyst estimates of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. Cisco Systems’s revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS. Equities research 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 issued a $0.40 dividend. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Wednesday, April 3rd. Cisco Systems’s dividend payout ratio is currently 48.63%.

Analysts Set New Price Targets

A number of research analysts have issued reports on CSCO shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a report on Tuesday, April 9th. Morgan Stanley began coverage on shares of Cisco Systems in a research note on Tuesday, April 9th. They issued an “overweight” rating and a $58.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, April 9th. Barclays raised their price target on shares of Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Finally, UBS Group lifted their target price on shares of Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $56.03.

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 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.