Crestwood Advisors Group LLC Has $10.74 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Crestwood Advisors Group LLC increased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181,493 shares of the network equipment provider’s stock after purchasing an additional 5,941 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Cisco Systems were worth $10,744,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB lifted its stake in shares of Cisco Systems by 0.6% in the 3rd quarter. Swedbank AB now owns 9,029,594 shares of the network equipment provider’s stock valued at $480,555,000 after purchasing an additional 52,711 shares during the period. Assenagon Asset Management S.A. increased its holdings in Cisco Systems by 6.8% in the third quarter. Assenagon Asset Management S.A. now owns 171,490 shares of the network equipment provider’s stock valued at $9,127,000 after purchasing an additional 10,895 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Cisco Systems by 4.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 8,586,581 shares of the network equipment provider’s stock valued at $452,526,000 after buying an additional 347,061 shares during the period. Mattern Capital Management LLC boosted its holdings in Cisco Systems by 0.6% during the third quarter. Mattern Capital Management LLC now owns 169,711 shares of the network equipment provider’s stock worth $9,032,000 after buying an additional 1,046 shares during the last quarter. Finally, Smith Salley Wealth Management grew its position in shares of Cisco Systems by 0.9% during the 3rd quarter. Smith Salley Wealth Management now owns 68,758 shares of the network equipment provider’s stock worth $3,659,000 after buying an additional 580 shares during the period. 73.33% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Maria Victoria Wong sold 586 shares of Cisco Systems stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $58.69, for a total transaction of $34,392.34. Following the completion of the transaction, the senior vice president now owns 50,767 shares in the company, valued at approximately $2,979,515.23. This trade represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Charles Robbins sold 31,983 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $64.41, for a total value of $2,060,025.03. Following the completion of the sale, the chief executive officer now owns 736,120 shares in the company, valued at $47,413,489.20. This represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,921 shares of company stock valued at $4,298,667 in the last 90 days. 0.01% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CSCO. Melius Research upgraded shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. BNP Paribas upgraded shares of Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 target price on the stock in a report on Tuesday, January 28th. Citigroup boosted their price target on shares of Cisco Systems from $68.00 to $71.00 and gave the company a “buy” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. raised their price objective on Cisco Systems from $69.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Finally, Barclays boosted their target price on Cisco Systems from $56.00 to $61.00 and gave the company an “equal weight” rating in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.53.

Cisco Systems Stock Performance

Shares of CSCO opened at $63.98 on Monday. The stock has a market capitalization of $254.53 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 4.16 and a beta of 0.84. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $66.50. The firm has a fifty day simple moving average of $60.65 and a 200 day simple moving average of $56.30. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.14). Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. Research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems announced that its board has authorized a share repurchase plan on Wednesday, February 12th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the network equipment provider to buy up to 6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.56%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 3rd. Cisco Systems’s dividend payout ratio (DPR) is currently 69.87%.

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.