Accurate Wealth Management LLC Increases Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Accurate Wealth Management LLC increased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,476 shares of the network equipment provider’s stock after acquiring an additional 303 shares during the quarter. Accurate Wealth Management LLC’s holdings in Cisco Systems were worth $2,965,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wynn Capital LLC increased its holdings in Cisco Systems by 0.9% during the fourth quarter. Wynn Capital LLC now owns 38,225 shares of the network equipment provider’s stock valued at $2,263,000 after buying an additional 346 shares during the period. Ignite Planners LLC boosted its position in Cisco Systems by 13.1% during the 4th quarter. Ignite Planners LLC now owns 8,108 shares of the network equipment provider’s stock valued at $477,000 after acquiring an additional 936 shares in the last quarter. Wallace Advisory Group LLC increased its holdings in shares of Cisco Systems by 8.2% in the 4th quarter. Wallace Advisory Group LLC now owns 22,993 shares of the network equipment provider’s stock valued at $1,361,000 after acquiring an additional 1,738 shares during the period. GSG Advisors LLC bought a new position in shares of Cisco Systems in the 4th quarter worth $227,000. Finally, Rosenberg Matthew Hamilton lifted its stake in shares of Cisco Systems by 3.1% during the 4th quarter. Rosenberg Matthew Hamilton now owns 6,671 shares of the network equipment provider’s stock worth $395,000 after purchasing an additional 202 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO opened at $59.33 on Wednesday. The company has a 50 day simple moving average of $58.79 and a two-hundred day simple moving average of $53.34. The stock has a market cap of $236.30 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 4.37 and a beta of 0.85. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $60.23.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (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 company had revenue of $13.84 billion during the quarter, compared to the consensus estimate of $13.78 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. As a group, analysts predict that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.70%. Cisco Systems’s payout ratio is 68.67%.

Insider Buying and Selling

In related news, SVP Maria Victoria Wong sold 586 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $58.69, for a total transaction of $34,392.34. Following the sale, the senior vice president now directly owns 50,767 shares of the company’s stock, valued at approximately $2,979,515.23. This represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Thimaya K. Subaiya sold 21,230 shares of Cisco Systems 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 completion of the transaction, the executive vice president now directly owns 213,834 shares of the company’s stock, valued at $12,203,506.38. The trade was a 9.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 353,522 shares of company stock valued at $20,349,721 over the last ninety days. Company insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CSCO shares. Tigress Financial boosted their target price on shares of Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Citigroup boosted their price objective on shares of Cisco Systems from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. UBS Group raised their target price on shares of Cisco Systems from $55.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. StockNews.com raised Cisco Systems from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Melius Research raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.28.

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.