Terra Alpha Investments LLC Makes New $1.82 Million Investment in Cisco Systems, Inc. (NASDAQ:CSCO)

Terra Alpha Investments LLC purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 30,762 shares of the network equipment provider’s stock, valued at approximately $1,821,000. Cisco Systems makes up 1.8% of Terra Alpha Investments LLC’s investment portfolio, making the stock its 21st largest position.

Several other institutional investors have also recently made changes to their positions in CSCO. Kimelman & Baird LLC grew its position in Cisco Systems by 1.5% during the fourth quarter. Kimelman & Baird LLC now owns 24,006 shares of the network equipment provider’s stock worth $1,421,000 after buying an additional 361 shares in the last quarter. Curio Wealth LLC bought a new stake in shares of Cisco Systems during the 4th quarter valued at about $402,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Cisco Systems during the fourth quarter worth about $1,088,000. Signaturefd LLC increased its position in shares of Cisco Systems by 5.4% in the fourth quarter. Signaturefd LLC now owns 99,797 shares of the network equipment provider’s stock worth $5,908,000 after purchasing an additional 5,126 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in Cisco Systems by 2.3% in the fourth quarter. Parallel Advisors LLC now owns 102,425 shares of the network equipment provider’s stock valued at $6,064,000 after purchasing an additional 2,298 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. UBS Group boosted their price target on shares of Cisco Systems from $62.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Citigroup reiterated an “overweight” rating on shares of Cisco Systems in a research report on Thursday, March 6th. Barclays reaffirmed an “equal weight” rating on shares of Cisco Systems in a research note on Thursday, March 6th. BNP Paribas upgraded Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 price objective on the stock in a research report on Tuesday, January 28th. Finally, The Goldman Sachs Group boosted their target price on Cisco Systems from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.63.

Insider Transactions at Cisco Systems

In related news, CEO Charles Robbins sold 31,983 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $64.41, for a total value of $2,060,025.03. Following the sale, the chief executive officer now directly owns 736,120 shares of the company’s stock, valued at $47,413,489.20. This represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Thimaya K. Subaiya sold 2,065 shares of Cisco Systems stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $60.70, for a total transaction of $125,345.50. Following the transaction, the executive vice president now directly owns 191,184 shares of the company’s stock, valued at approximately $11,604,868.80. This trade represents a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,547 shares of company stock valued at $4,275,553. Company insiders own 0.01% of the company’s stock.

Cisco Systems Stock Performance

Cisco Systems stock opened at $60.50 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. The firm has a market cap of $240.69 billion, a P/E ratio of 26.42, a P/E/G ratio of 4.16 and a beta of 0.79. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $66.50. The firm has a 50-day moving average of $61.79 and a 200-day moving average of $57.80.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. Sell-side analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.41 per share. This is an increase from Cisco Systems’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Thursday, April 3rd. Cisco Systems’s payout ratio is presently 71.62%.

Cisco Systems declared that its board has authorized a share buyback plan on Wednesday, February 12th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the network equipment provider to reacquire up to 6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.