Cisco Systems, Inc. (NASDAQ:CSCO) Holdings Increased by Waterfront Wealth Inc.

Waterfront Wealth Inc. lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 5.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 26,361 shares of the network equipment provider’s stock after acquiring an additional 1,335 shares during the quarter. Waterfront Wealth Inc.’s holdings in Cisco Systems were worth $1,561,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CSCO. Swedbank AB increased its stake in shares of Cisco Systems by 0.6% during the 3rd quarter. Swedbank AB now owns 9,029,594 shares of the network equipment provider’s stock worth $480,555,000 after purchasing an additional 52,711 shares during the last quarter. Foundations Investment Advisors LLC raised its stake in shares of Cisco Systems by 6.2% in the 3rd quarter. Foundations Investment Advisors LLC now owns 25,699 shares of the network equipment provider’s stock valued at $1,368,000 after buying an additional 1,505 shares in the last quarter. Stanley Laman Group Ltd. raised its stake in shares of Cisco Systems by 3.4% in the 3rd quarter. Stanley Laman Group Ltd. now owns 9,695 shares of the network equipment provider’s stock valued at $516,000 after buying an additional 323 shares in the last quarter. Elevated Capital Advisors LLC acquired a new position in shares of Cisco Systems in the 3rd quarter valued at $387,000. Finally, Monte Financial Group LLC increased its position in shares of Cisco Systems by 9.2% during the 3rd quarter. Monte Financial Group LLC now owns 115,135 shares of the network equipment provider’s stock worth $6,127,000 after purchasing an additional 9,705 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Trading Down 0.3 %

Shares of NASDAQ:CSCO opened at $64.67 on Friday. The company has a market cap of $257.57 billion, a P/E ratio of 28.24, a PEG ratio of 4.16 and a beta of 0.84. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $66.50. The stock’s fifty day moving average price is $60.55 and its 200-day moving average price is $56.01.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 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%. Sell-side 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. Investors of record on Thursday, April 3rd will be paid a dividend of $0.41 per share. The ex-dividend date is Thursday, April 3rd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 2.54%. Cisco Systems’s dividend payout ratio is presently 69.87%.

Cisco Systems announced that its board has authorized a share buyback program on Wednesday, February 12th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the network equipment provider to buy up to 6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

CSCO has been the subject of several research reports. Melius Research upgraded shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. StockNews.com raised shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 14th. Rosenblatt Securities raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $80.00 in a research note on Thursday, February 13th. The Goldman Sachs Group lifted their price target on shares of Cisco Systems from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, Citigroup lifted their price objective on shares of Cisco Systems from $68.00 to $71.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and an average price target of $66.53.

Insider Activity at Cisco Systems

In other news, SVP Maria Victoria Wong sold 4,881 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $59.73, for a total value of $291,542.13. Following the sale, the senior vice president now directly owns 51,931 shares in the company, valued at approximately $3,101,838.63. This represents a 8.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Charles Robbins sold 31,983 shares of the 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 $2,060,025.03. Following the completion of the sale, the chief executive officer now owns 736,120 shares in the company, valued at approximately $47,413,489.20. The trade was a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,921 shares of company stock valued at $4,298,667. Insiders own 0.01% of the company’s stock.

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.