Zhang Financial LLC Raises Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Zhang Financial LLC lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 16.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,447 shares of the network equipment provider’s stock after purchasing an additional 7,331 shares during the quarter. Zhang Financial LLC’s holdings in Cisco Systems were worth $3,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Guinness Atkinson Asset Management Inc grew its position in Cisco Systems by 23.4% in the 4th quarter. Guinness Atkinson Asset Management Inc now owns 22,915 shares of the network equipment provider’s stock worth $1,357,000 after purchasing an additional 4,342 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Cisco Systems by 2.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 553,581 shares of the network equipment provider’s stock worth $32,772,000 after buying an additional 12,440 shares during the last quarter. Guinness Asset Management LTD grew its holdings in shares of Cisco Systems by 5.2% in the fourth quarter. Guinness Asset Management LTD now owns 4,441,557 shares of the network equipment provider’s stock worth $262,912,000 after acquiring an additional 221,017 shares during the period. Corundum Group Inc. grew its holdings in shares of Cisco Systems by 44.1% in the fourth quarter. Corundum Group Inc. now owns 28,187 shares of the network equipment provider’s stock worth $1,669,000 after acquiring an additional 8,625 shares during the period. Finally, Diversify Wealth Management LLC lifted its holdings in Cisco Systems by 48.7% in the fourth quarter. Diversify Wealth Management LLC now owns 82,998 shares of the network equipment provider’s stock valued at $4,875,000 after acquiring an additional 27,175 shares during the period. 73.33% of the stock is owned by institutional investors.

Cisco Systems Price Performance

CSCO stock opened at $60.23 on Monday. The company has a market capitalization of $239.88 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 4.37 and a beta of 0.84. The company’s fifty day moving average price is $58.91 and its 200-day moving average price is $53.57. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $60.95. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88.

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

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.66%. Cisco Systems’s dividend payout ratio (DPR) is presently 68.67%.

Insider Activity

In other news, CEO Charles Robbins sold 171,744 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $9,873,562.56. Following the transaction, the chief executive officer now owns 783,786 shares of the company’s stock, valued at approximately $45,059,857.14. The trade was a 17.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Deborah L. Stahlkopf sold 58,188 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $3,345,228.12. Following the completion of the sale, the executive vice president now owns 219,100 shares of the company’s stock, valued at approximately $12,596,059. This represents a 20.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 353,522 shares of company stock worth $20,349,721. 0.01% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CSCO shares. Wells Fargo & Company boosted their price target on Cisco Systems from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. UBS Group boosted their target price on shares of Cisco Systems from $55.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Melius upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and increased their price target for the stock from $66.00 to $73.00 in a research report on Monday, January 6th. Melius Research raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Bank of America raised their target price on Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Cisco Systems presently has an average rating of “Moderate Buy” and an average price target of $61.50.

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.