Kozak & Associates Inc. Lowers Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Kozak & Associates Inc. reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,481 shares of the network equipment provider’s stock after selling 241 shares during the quarter. Kozak & Associates Inc.’s holdings in Cisco Systems were worth $440,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Neville Rodie & Shaw Inc. lifted its stake in Cisco Systems by 177.4% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 25,195 shares of the network equipment provider’s stock worth $1,491,000 after purchasing an additional 16,112 shares in the last quarter. Legacy Wealth Management LLC MS increased its position in Cisco Systems by 25.6% during the fourth quarter. Legacy Wealth Management LLC MS now owns 4,857 shares of the network equipment provider’s stock worth $288,000 after buying an additional 989 shares during the period. Pensionfund Sabic grew its holdings in shares of Cisco Systems by 30.6% during the fourth quarter. Pensionfund Sabic now owns 55,500 shares of the network equipment provider’s stock worth $3,286,000 after buying an additional 13,000 shares during the last quarter. Nordea Investment Management AB increased its stake in Cisco Systems by 1.2% in the 4th quarter. Nordea Investment Management AB now owns 18,718,195 shares of the network equipment provider’s stock valued at $1,107,930,000 after buying an additional 216,632 shares during the period. Finally, First Citizens Financial Corp lifted its holdings in Cisco Systems by 8.8% in the fourth quarter. First Citizens Financial Corp now owns 11,140 shares of the network equipment provider’s stock valued at $659,000 after acquiring an additional 900 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Transactions at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 171,744 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $9,873,562.56. Following the completion of the transaction, the chief executive officer now owns 783,786 shares in the company, valued at $45,059,857.14. This trade represents a 17.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Maria Victoria Wong sold 586 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $58.69, for a total transaction of $34,392.34. Following the completion of the transaction, the senior vice president now owns 50,767 shares of the company’s stock, valued at $2,979,515.23. This trade represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 353,522 shares of company stock worth $20,349,721 in the last quarter. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Trading Up 0.1 %

Shares of CSCO stock traded up $0.08 during mid-day trading on Monday, reaching $58.94. 8,741,082 shares of the stock traded hands, compared to its average volume of 14,383,980. The stock’s fifty day simple moving average is $58.31 and its two-hundred day simple moving average is $52.76. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $60.23. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. The company has a market cap of $234.74 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 4.37 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $13.84 billion for the quarter, compared to analyst estimates of $13.78 billion. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. Cisco Systems’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. On average, research analysts anticipate that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Friday, January 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 68.67%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CSCO. JPMorgan Chase & Co. upgraded Cisco Systems from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $55.00 to $66.00 in a report on Monday, November 11th. Morgan Stanley upped their price objective on Cisco Systems from $62.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Citigroup increased their price target on Cisco Systems from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Melius raised shares of Cisco Systems from a “hold” rating to a “buy” rating and increased their target price for the company from $66.00 to $73.00 in a research note on Monday. Finally, Barclays lifted their target price on Cisco Systems from $49.00 to $56.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.95.

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.