Cisco Systems, Inc. (NASDAQ:CSCO) Shares Acquired by Ignite Planners LLC

Ignite Planners LLC increased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 13.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,108 shares of the network equipment provider’s stock after buying an additional 936 shares during the period. Ignite Planners LLC’s holdings in Cisco Systems were worth $477,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CSCO. Quest Partners LLC acquired a new position in Cisco Systems during the second quarter worth approximately $62,000. Brown Brothers Harriman & Co. increased its position in shares of Cisco Systems by 19.0% in the second quarter. Brown Brothers Harriman & Co. now owns 121,055 shares of the network equipment provider’s stock worth $5,751,000 after acquiring an additional 19,338 shares in the last quarter. Excalibur Management Corp increased its position in shares of Cisco Systems by 4.4% in the second quarter. Excalibur Management Corp now owns 44,370 shares of the network equipment provider’s stock worth $2,108,000 after acquiring an additional 1,882 shares in the last quarter. Axxcess Wealth Management LLC increased its position in shares of Cisco Systems by 3.4% in the second quarter. Axxcess Wealth Management LLC now owns 147,045 shares of the network equipment provider’s stock worth $6,986,000 after acquiring an additional 4,847 shares in the last quarter. Finally, Cranbrook Wealth Management LLC increased its position in shares of Cisco Systems by 539.1% in the second quarter. Cranbrook Wealth Management LLC now owns 5,688 shares of the network equipment provider’s stock worth $270,000 after acquiring an additional 4,798 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Trading Up 1.0 %

NASDAQ CSCO opened at $59.33 on Wednesday. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $60.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80. The company has a market capitalization of $236.30 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 4.37 and a beta of 0.85. The company’s fifty day moving average price is $58.79 and its two-hundred day moving average price is $53.34.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data 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 firm had revenue of $13.84 billion for the quarter, compared to the consensus estimate of $13.78 billion. During the same period in the prior year, the firm posted $0.98 EPS. The firm’s revenue was down 5.6% compared to the same quarter last year. As a group, research analysts predict that Cisco Systems, Inc. will post 2.97 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be given a $0.40 dividend. The ex-dividend date 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 currently 68.67%.

Insider Transactions at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 3,042 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $59.19, for a total value of $180,055.98. Following the transaction, the executive vice president now directly owns 207,798 shares in the company, valued at approximately $12,299,563.62. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard Scott Herren sold 86,351 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $4,964,318.99. Following the completion of the transaction, the chief financial officer now owns 365,314 shares in the company, valued at approximately $21,001,901.86. The trade was a 19.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 353,522 shares of company stock worth $20,349,721. 0.01% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CSCO shares. Citigroup increased their price objective on shares of Cisco Systems from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. raised shares of Cisco Systems from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $55.00 to $66.00 in a research report on Monday, November 11th. Morgan Stanley increased their price objective on shares of Cisco Systems from $62.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Melius raised shares of Cisco Systems from a “hold” rating to a “buy” rating and increased their price objective for the stock from $66.00 to $73.00 in a research report on Monday, January 6th. Finally, UBS Group upped 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. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Cisco Systems has an average rating of “Moderate Buy” and an average target price of $61.28.

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.