RWA Wealth Partners LLC Has $12.57 Million Position in Cisco Systems, Inc. (NASDAQ:CSCO)

RWA Wealth Partners LLC lifted its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 212,406 shares of the network equipment provider’s stock after buying an additional 13,475 shares during the quarter. RWA Wealth Partners LLC’s holdings in Cisco Systems were worth $12,574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSCO. Schroder Investment Management Group raised its stake in Cisco Systems by 19.1% during the 4th quarter. Schroder Investment Management Group now owns 3,793,175 shares of the network equipment provider’s stock valued at $224,518,000 after purchasing an additional 608,664 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Cisco Systems by 18.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 13,880,257 shares of the network equipment provider’s stock valued at $821,711,000 after buying an additional 2,114,994 shares in the last quarter. American Money Management LLC raised its position in Cisco Systems by 13.2% in the fourth quarter. American Money Management LLC now owns 12,105 shares of the network equipment provider’s stock worth $717,000 after purchasing an additional 1,409 shares in the last quarter. L & S Advisors Inc lifted its position in shares of Cisco Systems by 125.4% during the 4th quarter. L & S Advisors Inc now owns 105,510 shares of the network equipment provider’s stock worth $6,246,000 after buying an additional 58,696 shares during the period. Finally, Strategy Asset Managers LLC lifted its holdings in shares of Cisco Systems by 1.1% during the fourth quarter. Strategy Asset Managers LLC now owns 172,297 shares of the network equipment provider’s stock valued at $10,200,000 after acquiring an additional 1,832 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Stock Down 0.9 %

NASDAQ:CSCO opened at $60.86 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $66.50. The stock’s fifty day simple moving average is $62.11 and its 200-day simple moving average is $58.54. The firm has a market capitalization of $242.12 billion, a P/E ratio of 26.58, a P/E/G ratio of 4.16 and a beta of 0.79.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.14). Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. Equities research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.69%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 3rd. Cisco Systems’s dividend payout ratio (DPR) is currently 71.62%.

Cisco Systems announced that its Board of Directors has approved a share repurchase plan on Wednesday, February 12th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the network equipment provider to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CSCO shares. Melius upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and increased their target price for the stock from $66.00 to $73.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. raised their price objective on shares of Cisco Systems from $69.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. DZ Bank raised Cisco Systems from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Morgan Stanley raised their price target on Cisco Systems from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Finally, Melius Research raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.63.

Insider Activity

In related news, CFO Richard Scott Herren sold 19,929 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $64.41, for a total value of $1,283,626.89. Following the completion of the transaction, the chief financial officer now directly owns 335,605 shares in the company, valued at approximately $21,616,318.05. The trade was a 5.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Robbins sold 31,983 shares of Cisco Systems stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the completion of the transaction, the chief executive officer now directly owns 736,120 shares in the company, valued at approximately $47,413,489.20. The trade was a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,547 shares of company stock valued at $4,275,553 in the last quarter. Company 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.