IHT Wealth Management LLC lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,443 shares of the network equipment provider’s stock after acquiring an additional 3,234 shares during the quarter. IHT Wealth Management LLC’s holdings in Cisco Systems were worth $1,748,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Psagot Investment House Ltd. lifted its stake in shares of Cisco Systems by 65.2% during the 3rd quarter. Psagot Investment House Ltd. now owns 807,372 shares of the network equipment provider’s stock valued at $39,892,000 after buying an additional 318,519 shares in the last quarter. Colony Group LLC lifted its stake in Cisco Systems by 0.3% in the 3rd quarter. Colony Group LLC now owns 631,635 shares of the network equipment provider’s stock worth $31,209,000 after purchasing an additional 1,866 shares in the last quarter. Voya Financial Advisors Inc. lifted its stake in Cisco Systems by 8.5% in the 3rd quarter. Voya Financial Advisors Inc. now owns 89,616 shares of the network equipment provider’s stock worth $4,377,000 after purchasing an additional 7,053 shares in the last quarter. Merit Financial Group LLC lifted its stake in Cisco Systems by 22.2% in the 3rd quarter. Merit Financial Group LLC now owns 5,684 shares of the network equipment provider’s stock worth $281,000 after purchasing an additional 1,034 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. lifted its stake in Cisco Systems by 1.2% in the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 337,614 shares of the network equipment provider’s stock worth $16,682,000 after purchasing an additional 3,840 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

CSCO has been the topic of several recent analyst reports. Evercore ISI reiterated a “buy” rating on shares of Cisco Systems in a research note on Sunday, December 15th. Barclays raised shares of Cisco Systems from an “equal weight” rating to an “overweight” rating and set a $53.00 price objective for the company in a report on Thursday, December 19th. BidaskClub upgraded shares of Cisco Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, March 11th. Robert W. Baird upped their target price on shares of Cisco Systems from $52.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, Raymond James cut their target price on shares of Cisco Systems from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Twelve research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $52.64.

CSCO stock opened at $37.67 on Thursday. Cisco Systems, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $58.26. The business’s 50 day moving average price is $42.12 and its two-hundred day moving average price is $45.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.75 and a current ratio of 1.81. The company has a market capitalization of $163.70 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 2.44 and a beta of 1.23.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. Cisco Systems had a return on equity of 36.40% and a net margin of 21.44%. The firm had revenue of $12 billion for the quarter, compared to the consensus estimate of $11.98 billion. During the same quarter in the prior year, the business earned $0.73 EPS. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. Sell-side analysts forecast that Cisco Systems, Inc. will post 2.93 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Friday, April 3rd will be issued a dividend of $0.36 per share. This is an increase from Cisco Systems’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, April 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.82%. Cisco Systems’s dividend payout ratio is 49.12%.

In related news, CFO Kelly A. Kramer sold 70,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $41.17, for a total value of $2,881,900.00. Following the transaction, the chief financial officer now owns 308,241 shares in the company, valued at approximately $12,690,281.97. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Charles Robbins sold 3,910 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $46.53, for a total transaction of $181,932.30. The disclosure for this sale can be found here. Insiders have sold a total of 78,910 shares of company stock worth $3,296,482 in the last quarter. Company insiders own 0.03% of the company’s stock.

Cisco Systems 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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