Lynch & Associates IN Has $7.02 Million Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Lynch & Associates IN raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,647 shares of the network equipment provider’s stock after buying an additional 1,327 shares during the period. Cisco Systems accounts for approximately 1.6% of Lynch & Associates IN’s portfolio, making the stock its 18th biggest holding. Lynch & Associates IN’s holdings in Cisco Systems were worth $7,015,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gilbert & Cook Inc. boosted its position in shares of Cisco Systems by 1.1% during the 4th quarter. Gilbert & Cook Inc. now owns 23,417 shares of the network equipment provider’s stock valued at $1,183,000 after acquiring an additional 264 shares in the last quarter. Gryphon Financial Partners LLC lifted its stake in Cisco Systems by 104.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 23,064 shares of the network equipment provider’s stock worth $1,177,000 after purchasing an additional 11,767 shares during the period. AGF Management Ltd. boosted its holdings in Cisco Systems by 972.2% during the fourth quarter. AGF Management Ltd. now owns 645,000 shares of the network equipment provider’s stock valued at $32,585,000 after purchasing an additional 584,846 shares in the last quarter. Johnson Investment Counsel Inc. raised its holdings in shares of Cisco Systems by 1.1% in the 4th quarter. Johnson Investment Counsel Inc. now owns 239,456 shares of the network equipment provider’s stock worth $12,097,000 after buying an additional 2,546 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its holdings in shares of Cisco Systems by 7.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 8,529 shares of the network equipment provider’s stock worth $431,000 after buying an additional 626 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Transactions at Cisco Systems

In related news, SVP Maria Victoria Wong sold 3,379 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $50.36, for a total value of $170,166.44. Following the completion of the sale, the senior vice president now owns 47,182 shares in the company, valued at $2,376,085.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Charles Robbins sold 27,143 shares of Cisco Systems stock in a transaction on Friday, August 16th. The shares were sold at an average price of $49.45, for a total transaction of $1,342,221.35. Following the transaction, the chief executive officer now directly owns 683,403 shares of the company’s stock, valued at $33,794,278.35. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Maria Victoria Wong sold 3,379 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $50.36, for a total transaction of $170,166.44. Following the completion of the sale, the senior vice president now owns 47,182 shares of the company’s stock, valued at approximately $2,376,085.52. The disclosure for this sale can be found here. Insiders have sold 71,944 shares of company stock worth $3,566,120 in the last three months. Insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CSCO. HSBC upgraded Cisco Systems from a “hold” rating to a “buy” rating and upped their price target for the company from $46.00 to $58.00 in a research report on Friday, August 16th. Jefferies Financial Group dropped their target price on shares of Cisco Systems from $56.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Rosenblatt Securities lifted their price target on shares of Cisco Systems from $56.00 to $58.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Cisco Systems from $52.00 to $53.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Finally, Hsbc Global Res upgraded shares of Cisco Systems to a “strong-buy” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Cisco Systems presently has an average rating of “Hold” and an average price target of $55.89.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO opened at $48.50 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $57.09. The stock has a market capitalization of $195.40 billion, a P/E ratio of 16.33, a P/E/G ratio of 3.98 and a beta of 0.83. The business has a 50-day moving average price of $47.84 and a two-hundred day moving average price of $47.93.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.85 by $0.02. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The company had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $13.53 billion. During the same quarter in the previous year, the company earned $1.01 EPS. Cisco Systems’s revenue was down 10.3% on a year-over-year basis. Equities analysts predict that Cisco Systems, Inc. will post 2.9 earnings per share for the current year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Wednesday, October 2nd. Cisco Systems’s dividend payout ratio (DPR) is currently 53.87%.

About Cisco Systems

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.