Key Financial Inc Grows Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Key Financial Inc grew its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,010 shares of the network equipment provider’s stock after purchasing an additional 755 shares during the period. Key Financial Inc’s holdings in Cisco Systems were worth $1,011,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CSCO. Oakworth Capital Inc. raised its holdings in Cisco Systems by 1.8% in the 4th quarter. Oakworth Capital Inc. now owns 31,233 shares of the network equipment provider’s stock worth $1,578,000 after acquiring an additional 561 shares during the last quarter. Telos Capital Management Inc. raised its holdings in Cisco Systems by 1.9% in the 4th quarter. Telos Capital Management Inc. now owns 321,894 shares of the network equipment provider’s stock worth $16,262,000 after acquiring an additional 6,047 shares during the last quarter. KLCM Advisors Inc. raised its holdings in Cisco Systems by 13.2% in the 4th quarter. KLCM Advisors Inc. now owns 287,072 shares of the network equipment provider’s stock worth $14,503,000 after acquiring an additional 33,381 shares during the last quarter. Rakuten Securities Inc. purchased a new position in Cisco Systems in the 4th quarter worth approximately $43,000. Finally, Guidance Capital Inc. raised its holdings in Cisco Systems by 14.6% in the 4th quarter. Guidance Capital Inc. now owns 14,619 shares of the network equipment provider’s stock worth $738,000 after acquiring an additional 1,865 shares during the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Trading Down 0.3 %

CSCO stock traded down $0.13 during mid-day trading on Wednesday, reaching $47.79. The company had a trading volume of 14,001,350 shares, compared to its average volume of 19,574,100. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26. The company has a market capitalization of $193.51 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 2.73 and a beta of 0.87. The firm has a 50 day moving average of $49.18 and a 200 day moving average of $50.32. Cisco Systems, Inc. has a 12 month low of $45.56 and a 12 month high of $58.19.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The business had revenue of $12.79 billion for the quarter, compared to the consensus estimate of $12.71 billion. During the same period in the prior year, the firm earned $0.76 EPS. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, equities analysts predict that Cisco Systems, Inc. will post 3.19 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.35%. The ex-dividend date is Wednesday, April 3rd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio (DPR) is currently 48.63%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CSCO. Melius lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Melius Research reiterated a “hold” rating and set a $55.00 target price on shares of Cisco Systems in a research note on Monday, January 8th. UBS Group boosted their target price on shares of Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Morgan Stanley began coverage on shares of Cisco Systems in a research note on Tuesday, April 9th. They set an “overweight” rating and a $58.00 target price for the company. Finally, StockNews.com lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $56.03.

Insider Activity at Cisco Systems

In related news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.00, for a total transaction of $697,100.00. Following the sale, the chief financial officer now owns 328,491 shares in the company, valued at $16,424,550. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP Maria Victoria Wong sold 2,497 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the completion of the sale, the senior vice president now owns 58,121 shares of the company’s stock, valued at $2,906,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard Scott Herren sold 13,942 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the sale, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,441 shares of company stock worth $972,080. 0.02% of the stock is owned by company insiders.

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.