Quotient Wealth Partners LLC Purchases 2,312 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Quotient Wealth Partners LLC raised its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 27.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,703 shares of the network equipment provider’s stock after purchasing an additional 2,312 shares during the period. Quotient Wealth Partners LLC’s holdings in Cisco Systems were worth $634,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CSCO. Benedict Financial Advisors Inc. boosted its holdings in shares of Cisco Systems by 0.9% during the 4th quarter. Benedict Financial Advisors Inc. now owns 183,577 shares of the network equipment provider’s stock valued at $10,868,000 after buying an additional 1,618 shares in the last quarter. Investment Advisory Services Inc. TX ADV grew its holdings in shares of Cisco Systems by 3.6% during the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 23,822 shares of the network equipment provider’s stock valued at $1,410,000 after buying an additional 819 shares during the last quarter. AlphaStar Capital Management LLC lifted its holdings in shares of Cisco Systems by 2.9% during the fourth quarter. AlphaStar Capital Management LLC now owns 32,200 shares of the network equipment provider’s stock valued at $1,906,000 after purchasing an additional 911 shares in the last quarter. WCM Investment Management LLC grew its stake in shares of Cisco Systems by 152.6% in the fourth quarter. WCM Investment Management LLC now owns 88,025 shares of the network equipment provider’s stock worth $5,210,000 after acquiring an additional 53,183 shares during the period. Finally, Entropy Technologies LP purchased a new stake in Cisco Systems during the 4th quarter valued at $3,836,000. 73.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CSCO has been the subject of several research analyst reports. Bank of America lifted their price objective on Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. raised shares of Cisco Systems from a “neutral” rating to an “overweight” rating and upped their price target for the company from $55.00 to $66.00 in a research report on Monday, November 11th. Barclays boosted their target price on shares of Cisco Systems from $49.00 to $56.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. BNP Paribas upgraded shares of Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 price target on the stock in a research note on Tuesday, January 28th. Finally, Citigroup raised their target price on Cisco Systems from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, January 17th. 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.72.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO opened at $62.27 on Monday. The business’s 50-day moving average is $59.71 and its 200 day moving average is $55.04. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $63.25. The firm has a market capitalization of $248.01 billion, a P/E ratio of 26.73, a P/E/G ratio of 4.63 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, topping 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 company had revenue of $13.84 billion for the quarter, compared to the consensus estimate of $13.78 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. Cisco Systems’s revenue was down 5.6% compared to the same quarter last year. On average, research analysts predict that Cisco Systems, Inc. will post 2.97 earnings per share 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. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.57%. Cisco Systems’s payout ratio is currently 68.67%.

Insider Activity at Cisco Systems

In other news, Director Kristina M. Johnson sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $59.87, for a total transaction of $449,025.00. Following the completion of the transaction, the director now directly owns 65,915 shares of the company’s stock, valued at $3,946,331.05. This represents a 10.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Thimaya K. Subaiya sold 3,042 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $59.19, for a total transaction of $180,055.98. Following the transaction, the executive vice president now owns 207,798 shares of the company’s stock, valued at $12,299,563.62. This represents a 1.44 % 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 three months. Company insiders own 0.01% 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.