Members Trust Co lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,353 shares of the network equipment provider's stock after purchasing an additional 560 shares during the quarter. Members Trust Co's holdings in Cisco Systems were worth $541,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Great West Life Assurance Co. Can acquired a new stake in Cisco Systems in the third quarter valued at approximately $246,529,000. Vanguard Group Inc. lifted its holdings in Cisco Systems by 1.5% in the third quarter. Vanguard Group Inc. now owns 377,757,324 shares of the network equipment provider's stock worth $15,110,293,000 after purchasing an additional 5,586,273 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Cisco Systems by 6.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 53,356,141 shares of the network equipment provider's stock valued at $2,975,139,000 after acquiring an additional 3,087,294 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Cisco Systems by 47.4% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,848,048 shares of the network equipment provider's stock valued at $493,367,000 after acquiring an additional 2,846,557 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in Cisco Systems by 25.6% during the 3rd quarter. Two Sigma Advisers LP now owns 9,702,400 shares of the network equipment provider's stock worth $388,096,000 after buying an additional 1,977,400 shares during the period. 71.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Deborah L. Stahlkopf sold 3,142 shares of the stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $48.78, for a total value of $153,266.76. Following the completion of the sale, the executive vice president now owns 180,697 shares of the company's stock, valued at approximately $8,814,399.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Cisco Systems news, SVP Prat Bhatt sold 608 shares of the firm's stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $48.74, for a total value of $29,633.92. Following the completion of the transaction, the senior vice president now owns 50,162 shares of the company's stock, valued at approximately $2,444,895.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Deborah L. Stahlkopf sold 3,142 shares of the firm's stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $48.78, for a total transaction of $153,266.76. Following the completion of the sale, the executive vice president now owns 180,697 shares in the company, valued at $8,814,399.66. The disclosure for this sale can be found here. Insiders sold a total of 47,568 shares of company stock worth $2,376,624 in the last 90 days. Insiders own 0.02% of the company's stock.

Cisco Systems Price Performance

NASDAQ:CSCO traded down $1.01 on Tuesday, reaching $46.33. 5,905,609 shares of the company's stock traded hands, compared to its average volume of 18,201,715. The firm has a market cap of $189.76 billion, a PE ratio of 17.34, a P/E/G ratio of 2.15 and a beta of 1.00. The stock has a 50-day simple moving average of $49.50 and a 200-day simple moving average of $47.95. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 0.18. Cisco Systems, Inc. has a 12 month low of $38.60 and a 12 month high of $52.56.

Cisco Systems (NASDAQ:CSCO – Get Rating) last posted its quarterly earnings results on Wednesday, February 15th. The network equipment provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.12. The firm had revenue of $13.59 billion during the quarter, compared to the consensus estimate of $13.41 billion. Cisco Systems had a net margin of 21.26% and a return on equity of 31.19%. The company's revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share. Equities research analysts forecast that Cisco Systems, Inc. will post 3.33 earnings per share for the current year.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 5th were given a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, April 4th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.37%. This is an increase from Cisco Systems's previous quarterly dividend of $0.38. Cisco Systems's dividend payout ratio is 57.14%.

Analysts Set New Price Targets

A number of equities analysts recently commented on CSCO shares. UBS Group increased their price objective on Cisco Systems from $48.00 to $51.00 and gave the stock a "neutral" rating in a report on Thursday, February 16th. Wells Fargo & Company raised their target price on Cisco Systems from $52.00 to $57.00 and gave the company an "equal weight" rating in a research note on Thursday, February 16th. Deutsche Bank Aktiengesellschaft raised their price target on Cisco Systems from $52.00 to $55.00 and gave the company a "hold" rating in a report on Wednesday, February 22nd. JPMorgan Chase & Co. raised their price target on Cisco Systems from $54.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday, February 16th. Finally, StockNews.com cut Cisco Systems from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.38.

About Cisco Systems

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Cisco Systems, Inc engages in the design, manufacture, and sale of Internet Protocol-based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its products include the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security.

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