ERTS Wealth Advisors LLC acquired a new position in Cisco Systems, Inc. (NASDAQ:CSCO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,800 shares of the network equipment provider’s stock, valued at approximately $78,000.

Other institutional investors have also added to or reduced their stakes in the company. Stamos Capital Partners L.P. bought a new stake in Cisco Systems in the fourth quarter valued at $2,496,000. Cohen & Steers Inc. acquired a new position in Cisco Systems during the fourth quarter worth about $51,000. Foresters Investment Management Company Inc. grew its holdings in Cisco Systems by 0.7% during the fourth quarter. Foresters Investment Management Company Inc. now owns 1,439,475 shares of the network equipment provider’s stock worth $62,372,000 after acquiring an additional 9,600 shares during the period. Semmax Financial Advisors Inc. purchased a new position in Cisco Systems in the 4th quarter worth about $126,000. Finally, Lord Abbett & CO. LLC increased its stake in Cisco Systems by 0.8% in the 4th quarter. Lord Abbett & CO. LLC now owns 6,155,166 shares of the network equipment provider’s stock worth $266,703,000 after purchasing an additional 46,385 shares in the last quarter. 74.60% of the stock is owned by hedge funds and other institutional investors.

In other Cisco Systems news, Director Wesley G. Bush bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were bought at an average cost of $55.74 per share, with a total value of $557,400.00. Following the completion of the purchase, the director now directly owns 3,017 shares of the company’s stock, valued at $168,167.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Chandler sold 1,379 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $55.94, for a total value of $77,141.26. The disclosure for this sale can be found here. Insiders sold 75,129 shares of company stock worth $4,035,554 in the last quarter. 0.03% of the stock is currently owned by company insiders.

Several equities analysts have weighed in on CSCO shares. KeyCorp lifted their target price on Cisco Systems from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, February 14th. Oppenheimer boosted their target price on Cisco Systems from $52.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Bank of America restated a “buy” rating and issued a $56.00 target price on shares of Cisco Systems in a report on Thursday, February 14th. Zacks Investment Research lowered Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Finally, MKM Partners upped their price target on Cisco Systems to $56.00 and gave the stock a “neutral” rating in a report on Thursday, May 16th. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $55.92.

Shares of CSCO opened at $55.86 on Thursday. The company has a market cap of $244.47 billion, a price-to-earnings ratio of 23.87, a P/E/G ratio of 2.92 and a beta of 1.21. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.64. Cisco Systems, Inc. has a 52 week low of $40.25 and a 52 week high of $57.56.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, May 15th. The network equipment provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01. Cisco Systems had a return on equity of 29.88% and a net margin of 25.76%. The business had revenue of $12.96 billion for the quarter, compared to the consensus estimate of $12.89 billion. During the same quarter in the prior year, the business earned $0.66 earnings per share. Cisco Systems’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts expect that Cisco Systems, Inc. will post 2.8 EPS for the current year.

Cisco Systems declared that its board has initiated a stock buyback plan on Wednesday, February 13th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the network equipment provider to purchase up to 6.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Friday, July 5th will be given a $0.35 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.51%. Cisco Systems’s dividend payout ratio (DPR) is presently 59.83%.

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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 worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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