Mather Group LLC. Grows Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Mather Group LLC. grew its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,579 shares of the network equipment provider’s stock after purchasing an additional 282 shares during the period. Mather Group LLC.’s holdings in Cisco Systems were worth $3,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mitchell Mcleod Pugh & Williams Inc. grew its stake in shares of Cisco Systems by 1.1% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 42,080 shares of the network equipment provider’s stock valued at $2,262,000 after buying an additional 463 shares during the period. Moisand Fitzgerald Tamayo LLC lifted its holdings in Cisco Systems by 67.6% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 1,666 shares of the network equipment provider’s stock valued at $90,000 after acquiring an additional 672 shares during the last quarter. Arthur M. Cohen & Associates LLC grew its position in Cisco Systems by 24.1% in the third quarter. Arthur M. Cohen & Associates LLC now owns 6,170 shares of the network equipment provider’s stock worth $332,000 after acquiring an additional 1,200 shares during the period. Linden Thomas Advisory Services LLC increased its stake in Cisco Systems by 7.0% during the third quarter. Linden Thomas Advisory Services LLC now owns 14,865 shares of the network equipment provider’s stock worth $799,000 after acquiring an additional 967 shares during the last quarter. Finally, Signet Investment Advisory Group Inc. lifted its stake in shares of Cisco Systems by 0.5% in the 3rd quarter. Signet Investment Advisory Group Inc. now owns 66,204 shares of the network equipment provider’s stock valued at $3,559,000 after purchasing an additional 335 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CSCO. Piper Sandler raised their price objective on Cisco Systems from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. Morgan Stanley began coverage on shares of Cisco Systems in a research note on Tuesday, April 9th. They issued an “overweight” rating and a $58.00 price target on the stock. Barclays increased their price objective on shares of Cisco Systems from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Melius cut Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Citigroup assumed coverage on Cisco Systems in a research note on Friday, April 12th. They issued a “neutral” rating and a $52.00 price objective for the company. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $55.53.

Insider Buying and Selling at Cisco Systems

In related news, SVP Maria Victoria Wong sold 2,497 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the completion of the sale, the senior vice president now owns 58,121 shares in the company, valued at approximately $2,906,050. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction of $150,130.02. Following the completion of the transaction, the executive vice president now owns 191,559 shares in the company, valued at approximately $9,579,865.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the completion of the sale, the senior vice president now directly owns 58,121 shares in the company, valued at approximately $2,906,050. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,441 shares of company stock worth $972,080. 0.02% of the stock is owned by insiders.

Cisco Systems Stock Down 0.2 %

CSCO stock opened at $47.78 on Tuesday. The company’s 50 day moving average is $48.92 and its two-hundred day moving average is $49.97. Cisco Systems, Inc. has a twelve month low of $45.56 and a twelve month high of $58.19. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14. The stock has a market cap of $193.47 billion, a P/E ratio of 14.52, a PEG ratio of 2.76 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. The firm had revenue of $12.79 billion during the quarter, compared to analysts’ expectations of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. Cisco Systems’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.76 earnings per share. Research analysts expect that Cisco Systems, Inc. will post 3.13 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th were given a dividend of $0.40 per share. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date was Wednesday, April 3rd. This represents a $1.60 annualized dividend and a yield of 3.35%. Cisco Systems’s payout ratio is 48.63%.

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.