29,581 Shares in Cisco Systems, Inc. (NASDAQ:CSCO) Purchased by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC acquired a new position in Cisco Systems, Inc. (NASDAQ:CSCO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,581 shares of the network equipment provider’s stock, valued at approximately $1,751,000.

Several other institutional investors have also added to or reduced their stakes in CSCO. Stephens Consulting LLC lifted its holdings in Cisco Systems by 15.2% during the 4th quarter. Stephens Consulting LLC now owns 3,011 shares of the network equipment provider’s stock valued at $178,000 after buying an additional 398 shares in the last quarter. Welch Group LLC lifted its holdings in shares of Cisco Systems by 2.8% in the 4th quarter. Welch Group LLC now owns 145,248 shares of the network equipment provider’s stock worth $8,597,000 after buying an additional 3,904 shares during the period. Brown Lisle Cummings Inc. grew its holdings in Cisco Systems by 12.4% during the 4th quarter. Brown Lisle Cummings Inc. now owns 24,222 shares of the network equipment provider’s stock worth $1,434,000 after acquiring an additional 2,668 shares in the last quarter. Commonwealth Financial Services LLC lifted its position in shares of Cisco Systems by 1.9% in the 4th quarter. Commonwealth Financial Services LLC now owns 21,736 shares of the network equipment provider’s stock worth $1,287,000 after purchasing an additional 407 shares during the period. Finally, Sloy Dahl & Holst LLC purchased a new stake in Cisco Systems during the fourth quarter worth $247,000. Institutional investors own 73.33% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CSCO shares. BNP Paribas upgraded Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 price objective for the company in a research note on Tuesday, January 28th. JPMorgan Chase & Co. upgraded shares of Cisco Systems from a “neutral” rating to an “overweight” rating and raised their price target for the company from $55.00 to $66.00 in a report on Monday, November 11th. StockNews.com upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Wells Fargo & Company lifted their price target on shares of Cisco Systems from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Finally, Barclays raised their price objective on Cisco Systems from $49.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $62.72.

Cisco Systems Trading Down 0.3 %

Shares of CSCO stock opened at $60.88 on Tuesday. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $62.31. The company has a market cap of $242.45 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 4.51 and a beta of 0.84. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80. The stock has a 50 day simple moving average of $59.44 and a 200-day simple moving average of $54.58.

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

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Friday, January 3rd. Cisco Systems’s dividend payout ratio is currently 68.67%.

Insider Activity

In related news, CFO Richard Scott Herren sold 86,351 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $4,964,318.99. Following the sale, the chief financial officer now directly owns 365,314 shares in the company, valued at approximately $21,001,901.86. The trade was a 19.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thimaya K. Subaiya sold 21,230 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $57.07, for a total transaction of $1,211,596.10. Following the completion of the sale, the executive vice president now directly owns 213,834 shares in the company, valued at $12,203,506.38. This trade represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 353,522 shares of company stock worth $20,349,721 over the last ninety days. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Company 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.