Bourgeon Capital Management LLC Acquires 700 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Bourgeon Capital Management LLC grew its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3,500.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 720 shares of the network equipment provider’s stock after acquiring an additional 700 shares during the period. Bourgeon Capital Management LLC’s holdings in Cisco Systems were worth $36,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kathleen S. Wright Associates Inc. purchased a new position in shares of Cisco Systems during the 3rd quarter valued at about $27,000. Valued Wealth Advisors LLC purchased a new position in shares of Cisco Systems during the 4th quarter valued at $32,000. Morton Brown Family Wealth LLC boosted its holdings in Cisco Systems by 41.9% in the 4th quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock worth $36,000 after buying an additional 208 shares during the period. Fortis Capital Advisors LLC purchased a new stake in Cisco Systems in the 4th quarter worth $34,000. Finally, Hibernia Wealth Partners LLC bought a new stake in Cisco Systems during the third quarter valued at about $42,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Stock Up 0.3 %

NASDAQ CSCO opened at $48.37 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. Cisco Systems, Inc. has a 52 week low of $45.56 and a 52 week high of $58.19. The firm has a market capitalization of $195.86 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 2.78 and a beta of 0.87. The company has a fifty day moving average of $49.22 and a two-hundred day moving average of $50.37.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The firm had revenue of $12.79 billion during the quarter, compared to analysts’ expectations of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.76 EPS. On average, analysts predict that Cisco Systems, Inc. will post 3.15 earnings per share for the current year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Wednesday, April 3rd. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio is 48.63%.

Wall Street Analyst Weigh In

CSCO has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, April 9th. Barclays boosted their target price on shares of Cisco Systems from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Wells Fargo & Company initiated coverage on shares of Cisco Systems in a research note on Thursday, February 15th. They set an “equal weight” rating and a $52.00 target price for the company. Morgan Stanley assumed coverage on shares of Cisco Systems in a report on Tuesday, April 9th. They set an “overweight” rating and a $58.00 price objective for the company. Finally, Melius Research reaffirmed a “hold” rating and issued a $55.00 target price on shares of Cisco Systems in a report on Monday, January 8th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $56.03.

Insiders Place Their Bets

In other news, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction of $150,130.02. Following the completion of the sale, the executive vice president now directly owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Deborah L. Stahlkopf sold 3,002 shares of Cisco Systems stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction of $150,130.02. Following the completion of the sale, the executive vice president now owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the transaction, the senior vice president now owns 58,121 shares in the company, valued at $2,906,050. The disclosure for this sale can be found here. Insiders have sold a total of 19,441 shares of company stock worth $972,080 over the last quarter. Company insiders own 0.02% of the company’s stock.

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 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.