4,760 Shares in Cisco Systems, Inc. (NASDAQ:CSCO) Purchased by Hager Investment Management Services LLC

Hager Investment Management Services LLC bought a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,760 shares of the network equipment provider’s stock, valued at approximately $282,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Sargent Investment Group LLC lifted its stake in Cisco Systems by 16.0% during the 4th quarter. Sargent Investment Group LLC now owns 6,308 shares of the network equipment provider’s stock valued at $371,000 after acquiring an additional 872 shares during the period. Cassia Capital Partners LLC increased its position in shares of Cisco Systems by 30.2% during the 4th quarter. Cassia Capital Partners LLC now owns 17,033 shares of the network equipment provider’s stock valued at $1,008,000 after purchasing an additional 3,950 shares during the last quarter. 1858 Wealth Management LLC increased its position in shares of Cisco Systems by 14.0% during the 4th quarter. 1858 Wealth Management LLC now owns 19,656 shares of the network equipment provider’s stock valued at $1,164,000 after purchasing an additional 2,420 shares during the last quarter. Avitas Wealth Management LLC increased its position in shares of Cisco Systems by 0.7% during the 4th quarter. Avitas Wealth Management LLC now owns 37,219 shares of the network equipment provider’s stock valued at $2,203,000 after purchasing an additional 256 shares during the last quarter. Finally, Greenwood Capital Associates LLC purchased a new stake in shares of Cisco Systems during the 4th quarter valued at about $1,751,000. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Up 0.5 %

Shares of CSCO opened at $61.34 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average of $59.49 and a 200 day moving average of $54.67. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $62.31. The company has a market cap of $244.30 billion, a PE ratio of 26.33, a P/E/G ratio of 4.51 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The business had revenue of $13.84 billion for the quarter, compared to analyst estimates of $13.78 billion. During the same quarter last year, the firm posted $0.98 earnings per share. The business’s revenue was down 5.6% compared to the same quarter last year. On average, sell-side analysts expect that Cisco Systems, Inc. will post 2.97 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, January 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.61%. Cisco Systems’s dividend payout ratio is currently 68.67%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CSCO shares. JPMorgan Chase & Co. raised shares of Cisco Systems from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $55.00 to $66.00 in a report on Monday, November 11th. StockNews.com raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. BNP Paribas raised shares of Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 target price for the company in a report on Tuesday, January 28th. Barclays increased their target price on shares of Cisco Systems from $49.00 to $56.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Finally, Bank of America increased their target price on shares of Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $62.72.

Insider Activity

In other Cisco Systems news, CEO Charles Robbins sold 171,744 shares of Cisco Systems stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $9,873,562.56. Following the transaction, the chief executive officer now owns 783,786 shares in the company, valued at $45,059,857.14. The trade was a 17.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard Scott Herren sold 86,351 shares of Cisco Systems stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $57.49, for a total value 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 $21,001,901.86. This trade represents a 19.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 353,522 shares of company stock worth $20,349,721. Company 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.