Bailard Inc. Has $6.59 Million Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Bailard Inc. increased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 6.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 130,483 shares of the network equipment provider’s stock after purchasing an additional 8,023 shares during the quarter. Bailard Inc.’s holdings in Cisco Systems were worth $6,592,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CSCO. BIP Wealth LLC boosted its position in Cisco Systems by 9.7% during the 4th quarter. BIP Wealth LLC now owns 9,836 shares of the network equipment provider’s stock worth $497,000 after acquiring an additional 870 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in Cisco Systems by 4.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 89,677 shares of the network equipment provider’s stock worth $4,530,000 after acquiring an additional 3,960 shares during the last quarter. Magnolia Capital Advisors LLC boosted its position in Cisco Systems by 1.2% during the 4th quarter. Magnolia Capital Advisors LLC now owns 26,568 shares of the network equipment provider’s stock worth $1,388,000 after acquiring an additional 306 shares during the last quarter. Wynn Capital LLC acquired a new position in Cisco Systems during the 4th quarter worth approximately $1,809,000. Finally, Bfsg LLC boosted its position in Cisco Systems by 6.6% during the 4th quarter. Bfsg LLC now owns 89,801 shares of the network equipment provider’s stock worth $4,537,000 after acquiring an additional 5,585 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CSCO shares. Citigroup began coverage on Cisco Systems in a research report on Friday, April 12th. They set a “neutral” rating and a $52.00 price target for the company. StockNews.com downgraded Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. UBS Group increased their price objective on Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Melius Research reissued a “hold” rating and issued a $55.00 price objective on shares of Cisco Systems in a report on Monday, January 8th. Finally, Melius downgraded Cisco Systems from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $55.53.

Cisco Systems Stock Performance

CSCO stock traded down $0.14 during trading hours on Thursday, hitting $48.21. 8,023,539 shares of the stock were exchanged, compared to its average volume of 19,273,094. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $195.21 billion, a P/E ratio of 14.56, a P/E/G ratio of 2.79 and a beta of 0.87. The company has a 50-day simple moving average of $48.97 and a two-hundred day simple moving average of $50.12. Cisco Systems, Inc. has a 12 month low of $45.56 and a 12 month high of $58.19.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.03. The firm had revenue of $12.79 billion for the quarter, compared to analysts’ expectations of $12.71 billion. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 EPS. On average, analysts forecast that Cisco Systems, Inc. will post 3.13 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Thursday, April 4th were given a $0.40 dividend. The ex-dividend date was 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 (DPR) is presently 48.63%.

Insider Buying and Selling

In related news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the transaction, the chief financial officer now owns 328,491 shares in the company, valued at $16,424,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total value of $150,130.02. Following the sale, the executive vice president now directly owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of 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. Over the last quarter, insiders have sold 19,441 shares of company stock worth $972,080. Company insiders own 0.02% of the company’s stock.

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 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.