PFG Investments LLC Has $10.23 Million Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

PFG Investments LLC grew its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.3% in the 4th quarter, Holdings Channel reports. The fund owned 172,821 shares of the network equipment provider’s stock after buying an additional 2,188 shares during the period. Cisco Systems accounts for 0.6% of PFG Investments LLC’s investment portfolio, making the stock its 18th largest holding. PFG Investments LLC’s holdings in Cisco Systems were worth $10,231,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CSCO. Narwhal Capital Management grew its holdings in shares of Cisco Systems by 8.6% during the fourth quarter. Narwhal Capital Management now owns 157,386 shares of the network equipment provider’s stock worth $9,317,000 after purchasing an additional 12,424 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Cisco Systems by 26.9% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 372,106 shares of the network equipment provider’s stock worth $22,029,000 after purchasing an additional 78,791 shares during the last quarter. Requisite Capital Management LLC bought a new stake in shares of Cisco Systems during the fourth quarter worth about $1,670,000. Novare Capital Management LLC boosted its holdings in Cisco Systems by 1.7% in the fourth quarter. Novare Capital Management LLC now owns 206,779 shares of the network equipment provider’s stock valued at $12,241,000 after acquiring an additional 3,440 shares during the last quarter. Finally, Precedent Wealth Partners LLC boosted its holdings in Cisco Systems by 3.0% in the fourth quarter. Precedent Wealth Partners LLC now owns 31,490 shares of the network equipment provider’s stock valued at $1,864,000 after acquiring an additional 932 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $62.23 on Monday. The firm has a market capitalization of $247.85 billion, a P/E ratio of 26.71, a PEG ratio of 4.59 and a beta of 0.84. The business has a fifty day simple moving average of $59.22 and a 200 day simple moving average of $54.09. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $62.31. 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 (NASDAQ:CSCO) last released its quarterly earnings results 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. The business had revenue of $13.84 billion during the quarter, compared to analyst estimates of $13.78 billion. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. Cisco Systems’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 EPS. On average, analysts predict that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Friday, January 3rd. Cisco Systems’s payout ratio is currently 68.67%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CSCO. Tigress Financial upped their target price on Cisco Systems from $76.00 to $78.00 and gave the company a “buy” rating in a report on Monday, October 14th. StockNews.com upgraded Cisco Systems from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Melius Research upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. JPMorgan Chase & Co. upgraded Cisco Systems from a “neutral” rating to an “overweight” rating and upped their target price for the company from $55.00 to $66.00 in a report on Monday, November 11th. Finally, Citigroup upped their target price on Cisco Systems from $64.00 to $68.00 and gave the company a “buy” rating in a report on Friday, January 17th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Cisco Systems presently has a consensus rating of “Moderate Buy” and an average price target of $61.50.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 21,230 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $57.07, for a total value of $1,211,596.10. Following the completion of the transaction, the executive vice president now owns 213,834 shares in the company, valued at $12,203,506.38. This represents a 9.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kristina M. Johnson sold 7,500 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $59.87, for a total value of $449,025.00. Following the completion of the transaction, the director now owns 65,915 shares of the company’s stock, valued at $3,946,331.05. This trade represents a 10.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 353,522 shares of company stock valued at $20,349,721. 0.01% of the stock is owned by insiders.

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.