Beta Wealth Group Inc. Boosts Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Beta Wealth Group Inc. boosted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,319 shares of the network equipment provider’s stock after acquiring an additional 200 shares during the quarter. Beta Wealth Group Inc.’s holdings in Cisco Systems were worth $552,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its position in Cisco Systems by 57.7% during the third quarter. Exchange Traded Concepts LLC now owns 5,126 shares of the network equipment provider’s stock worth $273,000 after purchasing an additional 1,876 shares in the last quarter. Swedbank AB boosted its position in shares of Cisco Systems by 0.6% in the 3rd quarter. Swedbank AB now owns 9,029,594 shares of the network equipment provider’s stock worth $480,555,000 after buying an additional 52,711 shares in the last quarter. AA Financial Advisors LLC acquired a new stake in Cisco Systems in the 3rd quarter valued at about $213,000. Brown Lisle Cummings Inc. increased its holdings in Cisco Systems by 2.2% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 21,554 shares of the network equipment provider’s stock valued at $1,147,000 after acquiring an additional 456 shares in the last quarter. Finally, Penn Davis Mcfarland Inc. acquired a new position in Cisco Systems during the third quarter worth about $1,117,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insiders Place Their Bets

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 3,042 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $59.19, for a total value of $180,055.98. Following the transaction, the executive vice president now owns 207,798 shares in the company, valued at $12,299,563.62. The trade was a 1.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Maria Victoria Wong sold 4,881 shares of Cisco Systems stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $59.73, for a total value of $291,542.13. Following the sale, the senior vice president now directly owns 51,931 shares in the company, valued at approximately $3,101,838.63. The trade was a 8.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,239 shares of company stock worth $2,166,612 in the last 90 days. 0.01% of the stock is owned by company insiders.

Cisco Systems Trading Up 1.6 %

NASDAQ CSCO opened at $64.87 on Tuesday. 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, Inc. has a one year low of $44.50 and a one year high of $66.50. The company’s 50 day moving average price is $60.07 and its 200 day moving average price is $55.64. The firm has a market capitalization of $258.36 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 4.63 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 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. On average, sell-side analysts predict that Cisco Systems, Inc. will post 2.97 EPS for the current year.

Cisco Systems announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 12th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the network equipment provider to buy up to 6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management 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 given a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 2.53%. Cisco Systems’s payout ratio is 68.67%.

Analyst Ratings Changes

CSCO has been the subject of a number of recent research reports. UBS Group raised their price objective on shares of Cisco Systems from $62.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. BNP Paribas raised Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 price target for the company in a report on Tuesday, January 28th. Rosenblatt Securities raised Cisco Systems from a “neutral” rating to a “buy” rating and increased their price objective for the company from $66.00 to $80.00 in a research note on Thursday, February 13th. JPMorgan Chase & Co. boosted their target price on shares of Cisco Systems from $69.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Finally, Barclays raised their price target on shares of Cisco Systems from $56.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 13th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.53.

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.