Advisor OS LLC Increases Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Advisor OS LLC grew its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 25,151 shares of the network equipment provider’s stock after buying an additional 1,045 shares during the period. Advisor OS LLC’s holdings in Cisco Systems were worth $1,489,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Swedbank AB raised its stake in shares of Cisco Systems by 0.6% in the third quarter. Swedbank AB now owns 9,029,594 shares of the network equipment provider’s stock worth $480,555,000 after purchasing an additional 52,711 shares during the last quarter. Autumn Glory Partners LLC increased its holdings in Cisco Systems by 29.4% in the 3rd quarter. Autumn Glory Partners LLC now owns 31,563 shares of the network equipment provider’s stock worth $1,680,000 after buying an additional 7,176 shares in the last quarter. Orrstown Financial Services Inc. purchased a new position in Cisco Systems in the 3rd quarter worth about $874,000. Pallas Capital Advisors LLC lifted its stake in Cisco Systems by 4.3% during the 3rd quarter. Pallas Capital Advisors LLC now owns 20,819 shares of the network equipment provider’s stock valued at $1,165,000 after acquiring an additional 851 shares during the period. Finally, Worth Financial Advisory Group LLC boosted its holdings in shares of Cisco Systems by 8.3% during the 3rd quarter. Worth Financial Advisory Group LLC now owns 5,930 shares of the network equipment provider’s stock valued at $316,000 after acquiring an additional 456 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CSCO. Rosenblatt Securities raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $66.00 to $80.00 in a report on Thursday, February 13th. Wells Fargo & Company raised their price target on Cisco Systems from $60.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 13th. Barclays lifted their price objective on Cisco Systems from $56.00 to $61.00 and gave the stock an “equal weight” rating in a report on Thursday, February 13th. Bank of America increased their target price on Cisco Systems from $60.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Melius Research upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.53.

Cisco Systems Trading Up 1.6 %

Shares of Cisco Systems stock opened at $64.27 on Wednesday. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $66.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87. The company has a market capitalization of $255.68 billion, a P/E ratio of 28.07, a P/E/G ratio of 4.16 and a beta of 0.84. The company has a fifty day moving average of $60.87 and a 200 day moving average of $56.56.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data 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, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.41 per share. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, April 3rd. Cisco Systems’s dividend payout ratio (DPR) is 71.62%.

Cisco Systems announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 12th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the network equipment provider to reacquire up to 6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other news, CEO Charles Robbins sold 31,983 shares of Cisco Systems stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $64.41, for a total value of $2,060,025.03. Following the sale, the chief executive officer now directly owns 736,120 shares of the company’s stock, valued at approximately $47,413,489.20. The trade was a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 11,808 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $64.37, for a total value of $760,080.96. Following the completion of the sale, the executive vice president now owns 200,191 shares in the company, valued at $12,886,294.67. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 74,848 shares of company stock worth $4,767,206 over the last quarter. 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.