Wade G W & Inc. Grows Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Wade G W & Inc. grew its position in Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 295,731 shares of the network equipment provider’s stock after acquiring an additional 15,460 shares during the quarter. Wade G W & Inc.’s holdings in Cisco Systems were worth $14,089,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Cisco Systems by 1.5% in the third quarter. Vanguard Group Inc. now owns 377,757,324 shares of the network equipment provider’s stock valued at $15,110,293,000 after purchasing an additional 5,586,273 shares during the period. Charles Schwab Investment Management Inc. grew its position in Cisco Systems by 6.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 53,356,141 shares of the network equipment provider’s stock valued at $2,975,139,000 after acquiring an additional 3,087,294 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Cisco Systems by 47.4% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,848,048 shares of the network equipment provider’s stock valued at $493,367,000 after acquiring an additional 2,846,557 shares in the last quarter. LSV Asset Management grew its stake in shares of Cisco Systems by 30.2% in the fourth quarter. LSV Asset Management now owns 10,960,577 shares of the network equipment provider’s stock worth $522,162,000 after acquiring an additional 2,541,871 shares in the last quarter. Finally, Toronto Dominion Bank grew its position in shares of Cisco Systems by 89.1% during the fourth quarter. Toronto Dominion Bank now owns 5,103,807 shares of the network equipment provider’s stock worth $243,006,000 after buying an additional 2,404,432 shares in the last quarter. Hedge funds and other institutional investors own 71.10% of the company’s stock.

Insider Activity at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 3,142 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $48.78, for a total transaction of $153,266.76. Following the sale, the executive vice president now directly owns 180,697 shares in the company, valued at approximately $8,814,399.66. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Deborah L. Stahlkopf sold 3,142 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $48.78, for a total transaction of $153,266.76. Following the completion of the sale, the executive vice president now directly owns 180,697 shares in the company, valued at $8,814,399.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Prat Bhatt sold 608 shares of Cisco Systems stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $48.74, for a total value of $29,633.92. Following the sale, the senior vice president now directly owns 50,162 shares in the company, valued at $2,444,895.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,654 shares of company stock worth $813,946. 0.02% of the stock is currently owned by company insiders.

Cisco Systems Price Performance

Shares of NASDAQ CSCO traded up $0.76 on Friday, hitting $49.79. The company’s stock had a trading volume of 6,128,252 shares, compared to its average volume of 18,382,885. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.39 and a quick ratio of 1.27. Cisco Systems, Inc. has a 12-month low of $38.60 and a 12-month high of $52.56. The stock has a 50 day moving average of $48.89 and a 200-day moving average of $48.36. The company has a market capitalization of $203.93 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 2.23 and a beta of 1.00.

Cisco Systems (NASDAQ:CSCO – Get Rating) last issued its quarterly earnings data on Wednesday, May 17th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.03. Cisco Systems had a return on equity of 31.66% and a net margin of 20.89%. The business had revenue of $14.57 billion for the quarter, compared to the consensus estimate of $14.36 billion. During the same period in the prior year, the business earned $0.78 earnings per share. The business’s revenue was up 13.5% on a year-over-year basis. As a group, research analysts predict that Cisco Systems, Inc. will post 3.33 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Thursday, July 6th will be issued a dividend of $0.39 per share. The ex-dividend date is Wednesday, July 5th. This represents a $1.56 annualized dividend and a dividend yield of 3.13%. Cisco Systems’s payout ratio is currently 56.12%.

Analysts Set New Price Targets

CSCO has been the subject of a number of analyst reports. Credit Suisse Group boosted their target price on shares of Cisco Systems from $67.00 to $69.00 and gave the stock an “outperform” rating in a research note on Thursday, February 16th. Wells Fargo & Company increased their target price on shares of Cisco Systems from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 16th. Raymond James raised their price objective on shares of Cisco Systems from $63.00 to $64.00 in a research report on Thursday, May 18th. Loop Capital boosted their target price on Cisco Systems from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Finally, The Goldman Sachs Group started coverage on Cisco Systems in a report on Monday, March 6th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Cisco Systems has a consensus rating of “Moderate Buy” and an average target price of $56.52.

Cisco Systems Company Profile

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Cisco Systems, Inc engages in the design, manufacture, and sale of Internet Protocol-based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its products include the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security.