Cisco Systems, Inc. (NASDAQ:CSCO) Shares Purchased by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC raised its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,199 shares of the network equipment provider’s stock after buying an additional 339 shares during the period. Cisco Systems comprises about 1.7% of Wolff Wiese Magana LLC’s portfolio, making the stock its 18th largest holding. Wolff Wiese Magana LLC’s holdings in Cisco Systems were worth $2,557,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Apella Capital LLC raised its position in Cisco Systems by 6.8% in the fourth quarter. Apella Capital LLC now owns 11,952 shares of the network equipment provider’s stock valued at $708,000 after purchasing an additional 758 shares during the period. Meyer Handelman Co. grew its stake in shares of Cisco Systems by 0.9% during the fourth quarter. Meyer Handelman Co. now owns 632,653 shares of the network equipment provider’s stock worth $37,453,000 after purchasing an additional 5,627 shares in the last quarter. Founders Grove Wealth Partners LLC purchased a new stake in Cisco Systems in the fourth quarter valued at $372,000. Avity Investment Management Inc. purchased a new stake in Cisco Systems in the fourth quarter valued at $213,000. Finally, Moseley Investment Management Inc. purchased a new stake in Cisco Systems in the fourth quarter valued at $208,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CSCO has been the subject of a number of research reports. Bank of America upped their target price on shares of Cisco Systems from $60.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Evercore ISI upped their target price on shares of Cisco Systems from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Melius Research raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Citigroup upped their target price on shares of Cisco Systems from $62.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, StockNews.com raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Eight equities 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 data from MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and an average target price of $61.28.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $59.79 on Wednesday. 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 $238.13 billion, a P/E ratio of 25.66, a P/E/G ratio of 4.37 and a beta of 0.85. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $60.23. The firm’s 50 day moving average is $58.79 and its two-hundred day moving average is $53.34.

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

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Friday, January 3rd. Cisco Systems’s payout ratio is 68.67%.

Insider Activity at Cisco Systems

In related news, SVP Maria Victoria Wong sold 4,881 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $59.73, for a total transaction of $291,542.13. Following the completion of the sale, the senior vice president now directly owns 51,931 shares of the company’s stock, valued at approximately $3,101,838.63. This trade represents a 8.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thimaya K. Subaiya sold 21,230 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $57.07, for a total transaction of $1,211,596.10. Following the sale, the executive vice president now directly owns 213,834 shares of the company’s stock, valued at approximately $12,203,506.38. The trade was a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 353,522 shares of company stock valued at $20,349,721. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Company 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.