WMS Partners LLC grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,297 shares of the network equipment provider's stock after purchasing an additional 254 shares during the quarter. WMS Partners LLC's holdings in Cisco Systems were worth $1,634,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Cisco Systems by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 377,757,324 shares of the network equipment provider's stock worth $15,110,293,000 after buying an additional 5,586,273 shares during the last quarter. Charles Schwab Investment Management Inc. increased 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 purchasing an additional 3,087,294 shares during the last quarter. First Trust Advisors LP increased its holdings in Cisco Systems by 1.4% in the 3rd quarter. First Trust Advisors LP now owns 28,856,199 shares of the network equipment provider's stock valued at $1,154,248,000 after purchasing an additional 407,992 shares during the last quarter. Boston Partners increased its holdings in Cisco Systems by 1.1% in the 3rd quarter. Boston Partners now owns 15,254,475 shares of the network equipment provider's stock valued at $612,964,000 after purchasing an additional 168,726 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Cisco Systems by 2.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,599,027 shares of the network equipment provider's stock valued at $543,961,000 after purchasing an additional 303,172 shares during the last quarter. Institutional investors and hedge funds own 71.10% of the company's stock.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, SVP Prat Bhatt sold 608 shares of the company's stock in a transaction 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 in the company, valued at $2,444,895.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Deborah L. Stahlkopf sold 23,701 shares of the stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $50.90, for a total transaction of $1,206,380.90. Following the completion of the sale, the executive vice president now owns 184,853 shares in the company, valued at $9,409,017.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Prat Bhatt sold 608 shares of the stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $48.74, for a total transaction of $29,633.92. Following the sale, the senior vice president now owns 50,162 shares of the company's stock, valued at approximately $2,444,895.88. The disclosure for this sale can be found here. Insiders sold 47,568 shares of company stock worth $2,376,624 over the last 90 days. Corporate insiders own 0.02% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Cisco Systems from $52.00 to $55.00 and gave the company an "equal weight" rating in a report on Thursday, February 16th. UBS Group boosted their price target on shares of Cisco Systems from $48.00 to $51.00 and gave the stock a "neutral" rating in a research note on Thursday, February 16th. Rosenblatt Securities boosted their price target on shares of Cisco Systems from $51.00 to $53.00 and gave the stock a "neutral" rating in a research note on Thursday, February 16th. Tigress Financial restated a "buy" rating and issued a $73.00 price target on shares of Cisco Systems in a research note on Friday, March 17th. Finally, The Goldman Sachs Group assumed coverage on shares of Cisco Systems in a research note on Monday, March 6th. They issued a "neutral" rating for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $56.38.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $47.25 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.41 and a quick ratio of 1.30. Cisco Systems, Inc. has a 12 month low of $38.60 and a 12 month high of $52.56. The firm has a market capitalization of $193.53 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 2.15 and a beta of 1.00. The business's fifty day moving average price is $49.57 and its 200 day moving average price is $47.84.

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

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 5th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Tuesday, April 4th. This is an increase from Cisco Systems's previous quarterly dividend of $0.38. Cisco Systems's dividend payout ratio is currently 57.14%.

Cisco Systems Profile

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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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