Fiera Capital Corp Increases Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Fiera Capital Corp lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 7.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 267,188 shares of the network equipment provider’s stock after buying an additional 18,033 shares during the period. Fiera Capital Corp’s holdings in Cisco Systems were worth $12,814,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Emerald Advisers LLC purchased a new position in shares of Cisco Systems in the 4th quarter worth approximately $38,000. Sageworth Trust Co boosted its stake in shares of Cisco Systems by 59.5% in the 4th quarter. Sageworth Trust Co now owns 804 shares of the network equipment provider’s stock worth $39,000 after buying an additional 300 shares during the last quarter. Cordasco Financial Network boosted 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 worth $56,000 after buying an additional 502 shares during the last quarter. IndexIQ Advisors LLC purchased a new position in shares of Cisco Systems in the 4th quarter worth approximately $70,000. Finally, Birch Capital Management LLC purchased a new position in shares of Cisco Systems in the 4th quarter worth approximately $94,000. Hedge funds and other institutional investors own 72.57% of the company’s stock.

Shares of CSCO stock opened at $47.32 on Friday. The company’s fifty day simple moving average is $47.96 and its two-hundred day simple moving average is $47.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.70 and a quick ratio of 1.64. Cisco Systems, Inc. has a 1 year low of $43.40 and a 1 year high of $58.26. The stock has a market capitalization of $207.32 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 2.84 and a beta of 1.22.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. Cisco Systems had a net margin of 21.15% and a return on equity of 35.01%. The business had revenue of $12 billion for the quarter, compared to analysts’ expectations of $11.98 billion. During the same quarter in the previous year, the firm posted $0.73 EPS. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities research analysts anticipate that Cisco Systems, Inc. will post 2.94 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Friday, April 3rd will be issued a dividend of $0.36 per share. This is a boost from Cisco Systems’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 3.04%. Cisco Systems’s payout ratio is presently 49.12%.

In other Cisco Systems news, CFO Kelly A. Kramer sold 70,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $45.19, for a total transaction of $3,163,300.00. Following the sale, the chief financial officer now owns 352,587 shares of the company’s stock, valued at approximately $15,933,406.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Irving Tan sold 10,733 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $44.81, for a total transaction of $480,945.73. Following the sale, the executive vice president now directly owns 172,199 shares in the company, valued at approximately $7,716,237.19. The disclosure for this sale can be found here. Insiders have sold a total of 388,864 shares of company stock worth $17,474,321 in the last three months. Insiders own 0.03% of the company’s stock.

A number of equities analysts have recently weighed in on CSCO shares. Credit Suisse Group cut their target price on Cisco Systems from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a research note on Thursday, November 14th. ValuEngine upgraded Cisco Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. William Blair reiterated a “market perform” rating on shares of Cisco Systems in a research note on Thursday. Finally, Edward Jones upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Twelve analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $54.41.

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 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.

Read More: Why do analysts give a neutral rating?

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

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