Nisa Investment Advisors LLC Acquires 339,393 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Nisa Investment Advisors LLC lifted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 17.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,299,562 shares of the network equipment provider’s stock after acquiring an additional 339,393 shares during the quarter. Cisco Systems makes up approximately 0.5% of Nisa Investment Advisors LLC’s investment portfolio, making the stock its 22nd largest position. Nisa Investment Advisors LLC owned approximately 0.06% of Cisco Systems worth $136,134,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Seven Eight Capital LP acquired a new stake in shares of Cisco Systems in the second quarter valued at approximately $242,000. EverSource Wealth Advisors LLC raised its stake in Cisco Systems by 3.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 14,811 shares of the network equipment provider’s stock valued at $718,000 after acquiring an additional 540 shares during the period. Certified Advisory Corp boosted its position in Cisco Systems by 9.7% during the second quarter. Certified Advisory Corp now owns 6,075 shares of the network equipment provider’s stock worth $289,000 after purchasing an additional 538 shares during the period. Public Sector Pension Investment Board increased its holdings in shares of Cisco Systems by 72.0% in the second quarter. Public Sector Pension Investment Board now owns 155,624 shares of the network equipment provider’s stock valued at $7,394,000 after purchasing an additional 65,124 shares during the last quarter. Finally, Providence Capital Advisors LLC raised its position in shares of Cisco Systems by 6.6% in the second quarter. Providence Capital Advisors LLC now owns 173,685 shares of the network equipment provider’s stock valued at $8,252,000 after purchasing an additional 10,817 shares during the period. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Price Performance

Shares of CSCO opened at $61.03 on Wednesday. The business has a 50-day simple moving average of $58.94 and a two-hundred day simple moving average of $53.70. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $61.33. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. The stock has a market cap of $243.07 billion, a PE ratio of 26.19, a PEG ratio of 4.48 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data 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. The company had revenue of $13.84 billion for 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%. Cisco Systems’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Analysts anticipate that Cisco Systems, Inc. will post 2.97 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently declared 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 is Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.62%. Cisco Systems’s dividend payout ratio (DPR) is currently 68.67%.

Insider Transactions at Cisco Systems

In related news, CFO Richard Scott Herren sold 86,351 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $4,964,318.99. Following the completion of the sale, the chief financial officer now owns 365,314 shares of the company’s stock, valued at $21,001,901.86. This trade represents a 19.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Thimaya K. Subaiya sold 21,230 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 213,834 shares in the company, valued at $12,203,506.38. The trade was a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 353,522 shares of company stock worth $20,349,721. Company insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

CSCO has been the topic of a number of research reports. Morgan Stanley upped their price target 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. StockNews.com upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Melius Research raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Citigroup upped their price objective on Cisco Systems from $64.00 to $68.00 and gave the company a “buy” rating in a report on Friday, January 17th. Finally, Barclays boosted their target price on shares of Cisco Systems from $49.00 to $56.00 and gave the company an “equal weight” rating in a research report 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.50.

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.