Greystone Financial Group LLC Buys 10,818 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Greystone Financial Group LLC raised its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 6.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 167,116 shares of the network equipment provider’s stock after purchasing an additional 10,818 shares during the quarter. Cisco Systems accounts for about 2.0% of Greystone Financial Group LLC’s portfolio, making the stock its 18th largest position. Greystone Financial Group LLC’s holdings in Cisco Systems were worth $8,443,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CSCO. Valued Wealth Advisors LLC bought a new position in shares of Cisco Systems during the 4th quarter valued at $32,000. Delos Wealth Advisors LLC grew its holdings in shares of Cisco Systems by 1,666.7% during the 4th quarter. Delos Wealth Advisors LLC now owns 636 shares of the network equipment provider’s stock valued at $32,000 after purchasing an additional 600 shares during the last quarter. DiNuzzo Private Wealth Inc. bought a new position in shares of Cisco Systems during the 4th quarter valued at $33,000. Morton Brown Family Wealth LLC grew its holdings in shares of Cisco Systems by 41.9% during the 4th quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 208 shares during the last quarter. Finally, Bourgeon Capital Management LLC grew its holdings in shares of Cisco Systems by 3,500.0% during the 4th quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 700 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CSCO. Bank of America raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and increased their target price for the company from $55.00 to $60.00 in a report on Monday, April 15th. BNP Paribas raised shares of Cisco Systems from an “underperform” rating to a “neutral” rating and set a $50.00 target price on the stock in a report on Monday, May 13th. Morgan Stanley started coverage on shares of Cisco Systems in a report on Tuesday, April 9th. They set an “overweight” rating and a $58.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, April 9th. Finally, Barclays increased their price target on shares of Cisco Systems from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $56.47.

Cisco Systems Trading Up 0.0 %

Shares of NASDAQ:CSCO traded up $0.01 on Monday, hitting $45.85. The company had a trading volume of 13,400,400 shares, compared to its average volume of 19,536,006. The firm’s 50-day simple moving average is $47.66 and its two-hundred day simple moving average is $48.98. Cisco Systems, Inc. has a 1 year low of $45.27 and a 1 year high of $58.19. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $184.72 billion, a price-to-earnings ratio of 15.44, a P/E/G ratio of 2.65 and a beta of 0.86.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.70 by $0.18. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The firm had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $12.53 billion. During the same period last year, the company posted $0.88 EPS. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. Equities analysts anticipate that Cisco Systems, Inc. will post 3.14 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Friday, July 5th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $1.60 dividend on an annualized basis and a yield of 3.49%. Cisco Systems’s dividend payout ratio (DPR) is currently 53.87%.

Insider Activity at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of Cisco Systems stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction of $150,130.02. Following the completion of the transaction, the executive vice president now directly owns 191,559 shares of the company’s stock, valued at approximately $9,579,865.59. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of Cisco Systems stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction of $150,130.02. Following the completion of the transaction, the executive vice president now directly owns 191,559 shares of the company’s stock, valued at approximately $9,579,865.59. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Maria Victoria Wong sold 3,378 shares of Cisco Systems stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $45.89, for a total transaction of $155,016.42. Following the transaction, the senior vice president now directly owns 52,953 shares of the company’s stock, valued at $2,430,013.17. The disclosure for this sale can be found here. Insiders sold a total of 43,224 shares of company stock valued at $2,030,547 in the last three months. Company insiders own 0.02% 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.