Cisco Systems, Inc. (NASDAQ:CSCO) Holdings Lifted by Charles Schwab Trust Co

Charles Schwab Trust Co grew its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 7.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,497 shares of the network equipment provider’s stock after buying an additional 364 shares during the quarter. Charles Schwab Trust Co’s holdings in Cisco Systems were worth $325,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CSCO. Aspiriant LLC lifted its stake in Cisco Systems by 2.7% in the 4th quarter. Aspiriant LLC now owns 21,547 shares of the network equipment provider’s stock worth $1,276,000 after acquiring an additional 567 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Cisco Systems by 8.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 767,790 shares of the network equipment provider’s stock worth $45,453,000 after buying an additional 58,772 shares during the last quarter. Reliant Investment Management LLC grew its position in shares of Cisco Systems by 2.5% in the fourth quarter. Reliant Investment Management LLC now owns 8,740 shares of the network equipment provider’s stock valued at $517,000 after purchasing an additional 215 shares during the last quarter. Mitchell & Pahl Private Wealth LLC lifted its position in shares of Cisco Systems by 3.7% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 42,216 shares of the network equipment provider’s stock worth $2,499,000 after purchasing an additional 1,487 shares during the last quarter. Finally, Ballentine Partners LLC lifted its holdings in shares of Cisco Systems by 1.8% during the fourth quarter. Ballentine Partners LLC now owns 74,247 shares of the network equipment provider’s stock worth $4,395,000 after buying an additional 1,339 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Price Performance

Shares of NASDAQ CSCO opened at $60.23 on Tuesday. The business’s 50 day moving average is $58.91 and its 200-day moving average is $53.61. The firm has a market cap of $239.88 billion, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 4.48 and a beta of 0.84. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $60.95. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $13.84 billion during 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 quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.98 earnings per share. Equities research analysts predict that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.66%. Cisco Systems’s dividend payout ratio is presently 68.67%.

Analysts Set New Price Targets

Several research firms recently commented on CSCO. Melius upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and upped their target price for the company from $66.00 to $73.00 in a research note on Monday, January 6th. Citigroup raised their price target on shares of Cisco Systems from $64.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group upped their price objective on Cisco Systems from $55.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Wells Fargo & Company boosted their price target on Cisco Systems from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Finally, StockNews.com raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $61.50.

Insider Transactions at Cisco Systems

In related news, SVP Maria Victoria Wong sold 586 shares of the company’s stock in a transaction on 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 sale, the senior vice president now directly owns 50,767 shares in the company, valued at $2,979,515.23. This represents a 1.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles Robbins sold 171,744 shares of Cisco Systems stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $9,873,562.56. Following the completion of the transaction, the chief executive officer now owns 783,786 shares in the company, valued at approximately $45,059,857.14. This represents a 17.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 353,522 shares of company stock valued at $20,349,721. 0.01% of the stock is owned by corporate insiders.

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.