Checchi Capital Advisers LLC Has $2.66 Million Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Checchi Capital Advisers LLC boosted its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 44,869 shares of the network equipment provider’s stock after buying an additional 801 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Cisco Systems were worth $2,656,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CSCO. Sabal Trust CO boosted its stake in Cisco Systems by 7.9% in the fourth quarter. Sabal Trust CO now owns 9,819 shares of the network equipment provider’s stock valued at $581,000 after buying an additional 716 shares in the last quarter. Nelson Capital Management LLC raised its stake in Cisco Systems by 0.4% during the fourth quarter. Nelson Capital Management LLC now owns 127,239 shares of the network equipment provider’s stock worth $7,533,000 after acquiring an additional 510 shares in the last quarter. National Pension Service boosted its stake in shares of Cisco Systems by 6.4% in the 4th quarter. National Pension Service now owns 8,916,569 shares of the network equipment provider’s stock valued at $527,861,000 after purchasing an additional 532,749 shares in the last quarter. Fjell Capital LLC bought a new stake in shares of Cisco Systems during the 4th quarter valued at approximately $214,000. Finally, Advisor OS LLC increased its position in Cisco Systems by 4.3% during the 4th quarter. Advisor OS LLC now owns 25,151 shares of the network equipment provider’s stock worth $1,489,000 after purchasing an additional 1,045 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 3,042 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $59.19, for a total value of $180,055.98. Following the completion of the sale, the executive vice president now owns 207,798 shares in the company, valued at $12,299,563.62. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Charles Robbins sold 31,983 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the completion of the sale, the chief executive officer now directly owns 736,120 shares of the company’s stock, valued at $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. In the last three months, insiders sold 74,848 shares of company stock valued at $4,767,206. 0.01% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. The Goldman Sachs Group raised their target price on shares of Cisco Systems from $56.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. UBS Group boosted their price objective on Cisco Systems from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. StockNews.com cut Cisco Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company raised their price objective on shares of Cisco Systems from $60.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, February 13th. Finally, DZ Bank raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.53.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $64.27 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $60.87 and a 200 day simple moving average of $56.56. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $66.50. The company has a market cap of $255.68 billion, a P/E ratio of 28.07, a PEG ratio of 4.16 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing the consensus estimate 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 predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 12th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the network equipment provider to reacquire up to 6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.64 annualized dividend and a yield of 2.55%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.40. Cisco Systems’s dividend payout ratio is 71.62%.

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.