HFG Advisors Inc. Acquires Shares of 3,444 Cisco Systems, Inc. (NASDAQ:CSCO)

HFG Advisors Inc. acquired a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,444 shares of the network equipment provider’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Resonant Capital Advisors LLC raised its position in shares of Cisco Systems by 2.6% in the fourth quarter. Resonant Capital Advisors LLC now owns 63,230 shares of the network equipment provider’s stock valued at $3,743,000 after buying an additional 1,602 shares during the last quarter. Catalina Capital Group LLC raised its position in shares of Cisco Systems by 10.4% in the fourth quarter. Catalina Capital Group LLC now owns 15,923 shares of the network equipment provider’s stock valued at $943,000 after buying an additional 1,499 shares during the last quarter. Chicago Capital LLC raised its position in shares of Cisco Systems by 2.9% in the fourth quarter. Chicago Capital LLC now owns 37,541 shares of the network equipment provider’s stock valued at $2,222,000 after buying an additional 1,064 shares during the last quarter. Means Investment CO. Inc. raised its position in shares of Cisco Systems by 1.6% in the fourth quarter. Means Investment CO. Inc. now owns 25,319 shares of the network equipment provider’s stock valued at $1,499,000 after buying an additional 403 shares during the last quarter. Finally, Oak Family Advisors LLC raised its position in shares of Cisco Systems by 85.0% in the fourth quarter. Oak Family Advisors LLC now owns 8,989 shares of the network equipment provider’s stock valued at $532,000 after buying an additional 4,130 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Maria Victoria Wong sold 4,881 shares of Cisco Systems stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $59.73, for a total value of $291,542.13. Following the completion of the transaction, the senior vice president now owns 51,931 shares in the company, valued at $3,101,838.63. The trade was a 8.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles Robbins sold 171,744 shares of Cisco Systems stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $9,873,562.56. Following the completion of the transaction, the chief executive officer now owns 783,786 shares of the company’s stock, valued at $45,059,857.14. This represents a 17.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 353,522 shares of company stock valued at $20,349,721. 0.01% of the stock is currently owned by company insiders.

Cisco Systems Trading Up 0.2 %

NASDAQ CSCO opened at $60.60 on Monday. The firm has a 50 day simple moving average of $59.44 and a 200-day simple moving average of $54.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $62.31. The firm has a market cap of $241.36 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 4.51 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The business had revenue of $13.84 billion during the quarter, compared to analyst estimates of $13.78 billion. During the same quarter last year, the firm posted $0.98 earnings per share. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. Equities research analysts anticipate that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Friday, January 3rd. Cisco Systems’s payout ratio is 68.67%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CSCO shares. Melius upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and increased their target price for the company from $66.00 to $73.00 in a research report on Monday, January 6th. Morgan Stanley increased their target price on shares of Cisco Systems from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Barclays raised their price objective on shares of Cisco Systems from $49.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Melius Research upgraded shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. upgraded shares of Cisco Systems from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $55.00 to $66.00 in a research report on Monday, November 11th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.72.

Cisco Systems 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.