Diversified Trust Co Purchases 25,368 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Diversified Trust Co raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 48.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,253 shares of the network equipment provider’s stock after buying an additional 25,368 shares during the quarter. Diversified Trust Co’s holdings in Cisco Systems were worth $4,573,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSCO. Lantz Financial LLC raised its stake in Cisco Systems by 1.2% during the second quarter. Lantz Financial LLC now owns 60,993 shares of the network equipment provider’s stock worth $2,898,000 after acquiring an additional 736 shares in the last quarter. Strategic Financial Concepts LLC increased its position in shares of Cisco Systems by 3,269.4% during the 2nd quarter. Strategic Financial Concepts LLC now owns 150,172 shares of the network equipment provider’s stock worth $68,000 after purchasing an additional 145,715 shares in the last quarter. Anchor Capital Advisors LLC lifted its holdings in Cisco Systems by 1.2% during the 2nd quarter. Anchor Capital Advisors LLC now owns 55,373 shares of the network equipment provider’s stock valued at $2,631,000 after purchasing an additional 664 shares during the last quarter. Koss Olinger Consulting LLC acquired a new position in Cisco Systems in the second quarter valued at about $201,000. Finally, Quest Partners LLC bought a new stake in Cisco Systems during the second quarter worth about $62,000. 73.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CSCO has been the topic of several recent analyst reports. Melius Research raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday. Tigress Financial increased their target price on Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Barclays lifted their price target on Cisco Systems from $49.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. UBS Group increased their price objective on shares of Cisco Systems from $55.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, Melius raised shares of Cisco Systems from a “hold” rating to a “buy” rating and boosted their target price for the stock from $66.00 to $73.00 in a research note on Monday. 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 presently has a consensus rating of “Moderate Buy” and an average target price of $60.95.

Cisco Systems Stock Up 0.4 %

Shares of NASDAQ CSCO traded up $0.25 during mid-day trading on Tuesday, hitting $59.02. The company had a trading volume of 4,816,360 shares, compared to its average volume of 14,535,702. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $60.23. The company has a market capitalization of $235.06 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 4.37 and a beta of 0.84. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The firm has a 50-day simple moving average of $58.38 and a two-hundred day simple moving average of $52.85.

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

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.71%. Cisco Systems’s payout ratio is 68.67%.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 21,230 shares of Cisco Systems stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $57.07, for a total transaction of $1,211,596.10. Following the completion of the transaction, the executive vice president now directly owns 213,834 shares of the company’s stock, valued at $12,203,506.38. The trade was a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles Robbins sold 171,744 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $57.49, for a total transaction of $9,873,562.56. Following the completion of the transaction, the chief executive officer now directly owns 783,786 shares in the company, valued at $45,059,857.14. The trade was a 17.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 353,522 shares of company stock worth $20,349,721. 0.01% of the stock is owned by company insiders.

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.