Cisco Systems, Inc. (NASDAQ:CSCO) Shares Purchased by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,194 shares of the network equipment provider’s stock after purchasing an additional 952 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Cisco Systems were worth $2,940,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mitchell Mcleod Pugh & Williams Inc. raised its stake in shares of Cisco Systems by 1.1% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 42,080 shares of the network equipment provider’s stock valued at $2,262,000 after acquiring an additional 463 shares during the period. Moisand Fitzgerald Tamayo LLC lifted its stake in shares of Cisco Systems by 67.6% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 1,666 shares of the network equipment provider’s stock worth $90,000 after purchasing an additional 672 shares in the last quarter. Arthur M. Cohen & Associates LLC grew its stake in shares of Cisco Systems by 24.1% in the third quarter. Arthur M. Cohen & Associates LLC now owns 6,170 shares of the network equipment provider’s stock valued at $332,000 after buying an additional 1,200 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its position in Cisco Systems by 7.0% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 14,865 shares of the network equipment provider’s stock worth $799,000 after acquiring an additional 967 shares in the last quarter. Finally, Signet Investment Advisory Group Inc. boosted its holdings in Cisco Systems by 0.5% in the 3rd quarter. Signet Investment Advisory Group Inc. now owns 66,204 shares of the network equipment provider’s stock worth $3,559,000 after acquiring an additional 335 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wells Fargo & Company initiated coverage on Cisco Systems in a research note on Thursday, February 15th. They set an “equal weight” rating and a $52.00 price objective for the company. Citigroup started coverage on shares of Cisco Systems in a report on Friday, April 12th. They set a “neutral” rating and a $52.00 price objective for the company. UBS Group increased their price target on shares of Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Melius cut Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, StockNews.com lowered Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $55.53.

Insider Activity

In other news, CFO Richard Scott Herren sold 13,942 shares of Cisco Systems 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 sale, the chief financial officer now directly 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 is available at the SEC website. In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the sale, the senior vice president now 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 hyperlink. Also, CFO Richard Scott Herren sold 13,942 shares of Cisco Systems stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.00, for a total transaction of $697,100.00. Following the completion of the sale, the chief financial officer now owns 328,491 shares in the company, valued at approximately $16,424,550. The disclosure for this sale can be found here. Insiders sold a total of 19,441 shares of company stock worth $972,080 in the last three months. Company insiders own 0.02% of the company’s stock.

Cisco Systems Stock Down 1.2 %

Shares of Cisco Systems stock traded down $0.56 on Tuesday, hitting $47.22. The company had a trading volume of 3,000,932 shares, compared to its average volume of 19,058,613. The firm has a market capitalization of $191.20 billion, a P/E ratio of 14.52, a P/E/G ratio of 2.76 and a beta of 0.87. 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, Inc. has a twelve month low of $45.56 and a twelve month high of $58.19. The stock has a 50-day moving average of $48.92 and a 200-day moving average of $49.97.

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

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.39%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date was Wednesday, April 3rd. Cisco Systems’s dividend payout ratio is presently 48.63%.

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.