Cisco Systems, Inc. (NASDAQ:CSCO) Shares Purchased by Highline Wealth Partners LLC

Highline Wealth Partners LLC lifted its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 76.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 599 shares of the network equipment provider’s stock after acquiring an additional 260 shares during the period. Highline Wealth Partners LLC’s holdings in Cisco Systems were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in CSCO. Quest Partners LLC acquired a new stake in shares of Cisco Systems during the 2nd quarter worth approximately $62,000. AGF Management Ltd. boosted its holdings in shares of Cisco Systems by 4.6% during the second quarter. AGF Management Ltd. now owns 661,825 shares of the network equipment provider’s stock valued at $31,443,000 after acquiring an additional 28,956 shares during the period. LPL Financial LLC grew its position in shares of Cisco Systems by 1.8% during the second quarter. LPL Financial LLC now owns 4,230,797 shares of the network equipment provider’s stock worth $201,005,000 after acquiring an additional 73,153 shares during the last quarter. Campbell Wealth Management increased its holdings in shares of Cisco Systems by 9.9% in the 2nd quarter. Campbell Wealth Management now owns 4,649 shares of the network equipment provider’s stock worth $221,000 after acquiring an additional 419 shares during the period. Finally, Jupiter Asset Management Ltd. lifted its position in Cisco Systems by 26.9% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 73,371 shares of the network equipment provider’s stock valued at $3,486,000 after purchasing an additional 15,538 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Stock Down 0.5 %

Cisco Systems stock traded down $0.28 during mid-day trading on Friday, hitting $58.92. The company’s stock had a trading volume of 5,691,499 shares, compared to its average volume of 15,032,354. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $60.23. The company has a market cap of $234.66 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 4.37 and a beta of 0.84. 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 firm’s 50 day moving average is $58.60 and its 200 day moving average is $53.02.

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

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be given a dividend of $0.40 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.72%. Cisco Systems’s payout ratio is 68.67%.

Analyst Ratings Changes

Several equities research analysts have commented on CSCO shares. Evercore ISI raised their price target on shares of Cisco Systems from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Barclays increased their price target on Cisco Systems from $49.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Morgan Stanley lifted their price objective on shares of Cisco Systems from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Melius Research upgraded shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Bank of America upped their price target on shares of Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and an average price target of $61.28.

Insider Buying and Selling at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 21,230 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $57.07, for a total transaction of $1,211,596.10. Following the transaction, the executive vice president now owns 213,834 shares of the company’s stock, valued at approximately $12,203,506.38. This represents a 9.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kristina M. Johnson sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $59.87, for a total value of $449,025.00. Following the completion of the sale, the director now owns 65,915 shares of the company’s stock, valued at approximately $3,946,331.05. This trade represents a 10.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 353,522 shares of company stock worth $20,349,721 over the last 90 days. 0.01% of the stock is currently owned by corporate 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.