Nisa Investment Advisors LLC Increases Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Nisa Investment Advisors LLC grew its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,388,004 shares of the network equipment provider’s stock after acquiring an additional 8,393 shares during the period. Nisa Investment Advisors LLC’s holdings in Cisco Systems were worth $65,944,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Zhang Financial LLC boosted its stake in Cisco Systems by 11.9% in the 2nd quarter. Zhang Financial LLC now owns 41,070 shares of the network equipment provider’s stock worth $1,951,000 after purchasing an additional 4,356 shares in the last quarter. Central Bank & Trust Co. grew its holdings in shares of Cisco Systems by 34.1% during the second quarter. Central Bank & Trust Co. now owns 34,562 shares of the network equipment provider’s stock valued at $1,642,000 after buying an additional 8,798 shares during the last quarter. Long Run Wealth Advisors LLC increased its position in shares of Cisco Systems by 4.5% during the second quarter. Long Run Wealth Advisors LLC now owns 31,309 shares of the network equipment provider’s stock valued at $1,487,000 after acquiring an additional 1,352 shares in the last quarter. ADE LLC raised its holdings in Cisco Systems by 7.7% in the 2nd quarter. ADE LLC now owns 6,258 shares of the network equipment provider’s stock worth $297,000 after acquiring an additional 450 shares during the last quarter. Finally, RBA Wealth Management LLC lifted its position in Cisco Systems by 2.9% in the 2nd quarter. RBA Wealth Management LLC now owns 77,005 shares of the network equipment provider’s stock valued at $3,659,000 after acquiring an additional 2,167 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

Cisco Systems Price Performance

NASDAQ:CSCO traded up $0.26 during trading hours on Monday, hitting $49.72. 8,344,211 shares of the stock traded hands, compared to its average volume of 19,862,281. The company has a market cap of $200.31 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 2.97 and a beta of 0.85. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $58.19. The stock has a 50 day moving average price of $46.74 and a 200 day moving average price of $47.86. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 0.44.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The company had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $13.53 billion. During the same quarter in the previous year, the company earned $1.01 EPS. Cisco Systems’s revenue for the quarter was down 10.3% on a year-over-year basis. Sell-side analysts forecast that Cisco Systems, Inc. will post 3.14 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.60 annualized dividend and a yield of 3.22%. Cisco Systems’s payout ratio is 53.87%.

Insider Buying and Selling at Cisco Systems

In related news, SVP Maria Victoria Wong sold 762 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $45.42, for a total transaction of $34,610.04. Following the completion of the transaction, the senior vice president now owns 51,788 shares in the company, valued at $2,352,210.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Deborah L. Stahlkopf sold 2,619 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $45.34, for a total transaction of $118,745.46. Following the sale, the executive vice president now owns 176,384 shares of the company’s stock, valued at $7,997,250.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Maria Victoria Wong sold 762 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $45.42, for a total transaction of $34,610.04. Following the completion of the sale, the senior vice president now owns 51,788 shares in the company, valued at $2,352,210.96. The disclosure for this sale can be found here. Insiders sold a total of 33,090 shares of company stock valued at $1,522,231 in the last three months. 0.02% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CSCO. Hsbc Global Res upgraded Cisco Systems to a “strong-buy” rating in a research note on Friday. Oppenheimer boosted their target price on Cisco Systems from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. Rosenblatt Securities raised their price target on shares of Cisco Systems from $56.00 to $58.00 and gave the company a “neutral” rating in a report on Thursday. New Street Research raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Cisco Systems from $52.00 to $53.00 and gave the stock a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $55.89.

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.