860 Shares in Cisco Systems, Inc. (NASDAQ:CSCO) Purchased by Rakuten Securities Inc.

Rakuten Securities Inc. bought a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 860 shares of the network equipment provider’s stock, valued at approximately $43,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Guidance Capital Inc. grew its position in Cisco Systems by 14.6% during the fourth quarter. Guidance Capital Inc. now owns 14,619 shares of the network equipment provider’s stock worth $738,000 after buying an additional 1,865 shares in the last quarter. Sfmg LLC boosted its holdings in shares of Cisco Systems by 21.6% in the 4th quarter. Sfmg LLC now owns 110,215 shares of the network equipment provider’s stock worth $5,568,000 after purchasing an additional 19,545 shares in the last quarter. TRUE Private Wealth Advisors boosted its holdings in shares of Cisco Systems by 36.9% in the 4th quarter. TRUE Private Wealth Advisors now owns 23,928 shares of the network equipment provider’s stock worth $1,209,000 after purchasing an additional 6,453 shares in the last quarter. Scissortail Wealth Management LLC boosted its holdings in shares of Cisco Systems by 102.8% in the 4th quarter. Scissortail Wealth Management LLC now owns 145,722 shares of the network equipment provider’s stock worth $7,620,000 after purchasing an additional 73,867 shares in the last quarter. Finally, Kiley Juergens Wealth Management LLC boosted its holdings in shares of Cisco Systems by 4.0% in the 4th quarter. Kiley Juergens Wealth Management LLC now owns 24,767 shares of the network equipment provider’s stock worth $1,251,000 after purchasing an additional 964 shares in the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. StockNews.com cut Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Bank of America upgraded Cisco Systems from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $55.00 to $60.00 in a report on Monday. Deutsche Bank Aktiengesellschaft boosted their target price on Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, April 9th. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research note on Tuesday, April 9th. Finally, Morgan Stanley began coverage on Cisco Systems in a research note on Tuesday, April 9th. They issued an “overweight” rating and a $58.00 target price for the company. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.03.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the sale, the chief financial officer now directly owns 328,491 shares in the company, valued at approximately $16,424,550. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the transaction, the senior vice president now directly owns 58,121 shares in the company, valued at approximately $2,906,050. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the transaction, the chief financial officer now owns 328,491 shares in the company, valued at $16,424,550. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,441 shares of company stock worth $972,080. Insiders own 0.02% of the company’s stock.

Cisco Systems Stock Performance

Cisco Systems stock opened at $48.11 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $194.81 billion, a P/E ratio of 14.62, a PEG ratio of 2.74 and a beta of 0.87. The stock’s 50 day moving average is $49.11 and its 200 day moving average is $50.29. Cisco Systems, Inc. has a twelve month low of $45.56 and a twelve month high of $58.19.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.03. The company had revenue of $12.79 billion for the quarter, compared to the consensus estimate of $12.71 billion. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 EPS. On average, equities research analysts predict that Cisco Systems, Inc. will post 3.14 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.33%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, April 3rd. Cisco Systems’s dividend payout ratio (DPR) is currently 48.63%.

Cisco Systems 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.