7,828 Shares in Cisco Systems, Inc. (NASDAQ:CSCO) Bought by Patrick M Sweeney & Associates Inc.

Patrick M Sweeney & Associates Inc. acquired a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,828 shares of the network equipment provider’s stock, valued at approximately $395,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Valued Wealth Advisors LLC acquired a new position in shares of Cisco Systems in the 4th quarter valued at $32,000. DiNuzzo Private Wealth Inc. bought a new position in Cisco Systems during the fourth quarter worth about $33,000. Morton Brown Family Wealth LLC boosted its holdings in Cisco Systems by 41.9% during the fourth quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 208 shares in the last quarter. Bourgeon Capital Management LLC grew its stake in shares of Cisco Systems by 3,500.0% in the 4th quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 700 shares during the period. Finally, Rakuten Securities Inc. bought a new position in shares of Cisco Systems during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Trading Up 1.5 %

CSCO stock traded up $0.72 during midday trading on Wednesday, reaching $48.00. The company’s stock had a trading volume of 15,014,810 shares, compared to its average volume of 19,021,080. The business’s 50-day simple moving average is $48.75 and its 200-day simple moving average is $49.69. The stock has a market cap of $194.36 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 2.72 and a beta of 0.87. Cisco Systems, Inc. has a 52 week low of $45.70 and a 52 week high of $58.19. 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 (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.03. The business had revenue of $12.79 billion for the quarter, compared to analyst estimates of $12.71 billion. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The firm’s revenue was down 5.9% on a year-over-year basis. During the same period last year, the company earned $0.76 EPS. As a group, sell-side analysts expect that Cisco Systems, Inc. will post 3.13 EPS for the current year.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Thursday, April 4th were paid a dividend of $0.40 per share. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.60 annualized dividend and a yield of 3.33%. Cisco Systems’s dividend payout ratio (DPR) is presently 48.63%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CSCO. StockNews.com upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd. Morgan Stanley initiated coverage on shares of Cisco Systems in a research report on Tuesday, April 9th. They set an “overweight” rating and a $58.00 target price for the company. Bank of America upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and boosted their price target for the company from $55.00 to $60.00 in a research report on Monday, April 15th. UBS Group boosted their target price on Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Finally, Citigroup began coverage on Cisco Systems in a report on Friday, April 12th. They set a “neutral” rating and a $52.00 price target for the company. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Cisco Systems presently has an average rating of “Hold” and an average price target of $55.53.

Insider Buying and Selling at Cisco Systems

In other news, CFO Richard Scott Herren sold 13,942 shares of Cisco Systems stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.00, for a total transaction of $697,100.00. Following the transaction, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at $16,424,550. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total transaction of $124,850.00. Following the sale, the senior vice president now owns 58,121 shares in the company, valued at $2,906,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard Scott Herren sold 13,942 shares of Cisco Systems stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the transaction, the chief financial officer now owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,441 shares of company stock valued at $972,080. Corporate insiders own 0.02% of the company’s stock.

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.