Bouchey Financial Group Ltd Has $394,000 Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Bouchey Financial Group Ltd lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 4.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,660 shares of the network equipment provider’s stock after acquiring an additional 256 shares during the period. Bouchey Financial Group Ltd’s holdings in Cisco Systems were worth $394,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CSCO. Swedbank AB lifted its position in shares of Cisco Systems by 0.6% during the 3rd quarter. Swedbank AB now owns 9,029,594 shares of the network equipment provider’s stock valued at $480,555,000 after acquiring an additional 52,711 shares during the period. JFS Wealth Advisors LLC raised its holdings in Cisco Systems by 150.3% during the third quarter. JFS Wealth Advisors LLC now owns 19,872 shares of the network equipment provider’s stock worth $1,058,000 after buying an additional 11,934 shares during the last quarter. Seaside Wealth Management Inc. acquired a new position in Cisco Systems during the third quarter worth $215,000. Oak Harvest Investment Services raised its holdings in Cisco Systems by 3.3% during the third quarter. Oak Harvest Investment Services now owns 125,345 shares of the network equipment provider’s stock worth $6,671,000 after buying an additional 3,992 shares during the last quarter. Finally, Cornerstone Wealth Group LLC raised its holdings in Cisco Systems by 5.5% during the third quarter. Cornerstone Wealth Group LLC now owns 8,451 shares of the network equipment provider’s stock worth $450,000 after buying an additional 442 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insiders Place Their Bets

In other Cisco Systems news, SVP Maria Victoria Wong sold 586 shares of the stock in a transaction dated 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 in the company, valued at $2,979,515.23. This trade represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Thimaya K. Subaiya sold 3,042 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $59.19, for a total transaction of $180,055.98. Following the transaction, the executive vice president now owns 207,798 shares of the company’s stock, valued at $12,299,563.62. This represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 74,848 shares of company stock worth $4,767,206 over the last quarter. 0.01% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on CSCO. DZ Bank upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Melius Research upgraded shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Melius upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and upped their target price for the stock from $66.00 to $73.00 in a research note on Monday, January 6th. Barclays upped their target price 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. Finally, Citigroup upped their target price on shares of Cisco Systems from $71.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Cisco Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.63.

Cisco Systems Price Performance

CSCO opened at $63.81 on Friday. The firm has a market cap of $253.85 billion, a P/E ratio of 27.86, a PEG ratio of 4.16 and a beta of 0.84. The firm has a 50-day moving average of $61.12 and a 200 day moving average of $56.66. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $66.50.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.14). Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. On average, research analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 12th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the network equipment provider to purchase up to 6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.57%. 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. Cisco Systems’s dividend payout ratio (DPR) is currently 71.62%.

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.