Pine Valley Investments Ltd Liability Co Has $2.35 Million Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Pine Valley Investments Ltd Liability Co increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 20.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,675 shares of the network equipment provider’s stock after buying an additional 6,671 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Cisco Systems were worth $2,349,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CSCO. Addison Advisors LLC boosted its holdings in shares of Cisco Systems by 2.4% in the 4th quarter. Addison Advisors LLC now owns 17,401 shares of the network equipment provider’s stock valued at $1,030,000 after purchasing an additional 400 shares in the last quarter. BankPlus Trust Department acquired a new stake in shares of Cisco Systems in the 4th quarter valued at $2,847,000. Wealthstream Advisors Inc. acquired a new stake in shares of Cisco Systems in the 4th quarter valued at $207,000. Crestwood Advisors Group LLC boosted its holdings in shares of Cisco Systems by 3.4% in the 4th quarter. Crestwood Advisors Group LLC now owns 181,493 shares of the network equipment provider’s stock valued at $10,744,000 after purchasing an additional 5,941 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Cisco Systems by 63.6% in the 4th quarter. IFP Advisors Inc now owns 108,671 shares of the network equipment provider’s stock valued at $6,433,000 after purchasing an additional 42,248 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Stock Performance

CSCO stock opened at $64.27 on Wednesday. The stock has a 50-day moving average price of $60.87 and a 200-day moving average price of $56.56. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $66.50. 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 firm has a market cap of $255.68 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 4.16 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data 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 return on equity of 26.08% and a net margin of 16.96%. As a group, equities research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd will be given a $0.41 dividend. 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 dividend yield of 2.55%. Cisco Systems’s dividend payout ratio (DPR) is 71.62%.

Cisco Systems announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 12th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the network equipment provider to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

CSCO has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their target price on Cisco Systems from $56.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Barclays raised their price objective on Cisco Systems from $56.00 to $61.00 and gave the company an “equal weight” rating in a report on Thursday, February 13th. UBS Group raised their price objective on Cisco Systems from $62.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Melius raised Cisco Systems from a “hold” rating to a “buy” rating and raised their price objective for the company from $66.00 to $73.00 in a report on Monday, January 6th. Finally, StockNews.com downgraded Cisco Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.53.

Insider Transactions at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 3,042 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was 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 directly owns 207,798 shares in the company, valued at $12,299,563.62. This trade represents a 1.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Maria Victoria Wong sold 586 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $58.69, for a total value of $34,392.34. Following the completion of the sale, the senior vice president now owns 50,767 shares of the company’s stock, valued at approximately $2,979,515.23. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,848 shares of company stock valued at $4,767,206. Corporate insiders own 0.01% of the company’s stock.

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.