LPL Financial LLC boosted its position in Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,837,562 shares of the network equipment provider's stock after purchasing an additional 173,832 shares during the quarter. LPL Financial LLC's holdings in Cisco Systems were worth $182,821,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Great West Life Assurance Co. Can bought a new position in shares of Cisco Systems during the third quarter valued at $246,529,000. Vanguard Group Inc. increased its holdings in shares of Cisco Systems by 1.5% during the third quarter. Vanguard Group Inc. now owns 377,757,324 shares of the network equipment provider's stock valued at $15,110,293,000 after acquiring an additional 5,586,273 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Cisco Systems by 6.1% during the first 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Cisco Systems by 47.4% during the first 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 in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in shares of Cisco Systems by 25.6% during the third quarter. Two Sigma Advisers LP now owns 9,702,400 shares of the network equipment provider's stock valued at $388,096,000 after acquiring an additional 1,977,400 shares in the last quarter. Institutional investors own 71.10% of the company's stock.

Cisco Systems Stock Performance

CSCO opened at $47.25 on Monday. The company has a 50 day simple moving average of $49.57 and a two-hundred day simple moving average of $47.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.41 and a quick ratio of 1.30. The firm has a market cap of $193.53 billion, a P/E ratio of 17.31, a PEG ratio of 2.15 and a beta of 1.00. Cisco Systems, Inc. has a 1-year low of $38.60 and a 1-year high of $52.56.

Cisco Systems (NASDAQ:CSCO – Get Rating) last issued its earnings results on Wednesday, February 15th. The network equipment provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.12. The company 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%. Cisco Systems's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 EPS. Equities analysts forecast 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. Stockholders of record on Wednesday, April 5th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, April 4th. This represents a $1.56 annualized dividend and a dividend yield of 3.30%. This is a boost from Cisco Systems's previous quarterly dividend of $0.38. Cisco Systems's dividend payout ratio (DPR) is presently 57.14%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Credit Suisse Group raised their price target on Cisco Systems from $67.00 to $69.00 and gave the company an "outperform" rating in a report on Thursday, February 16th. Raymond James lifted their price objective on Cisco Systems from $59.00 to $63.00 and gave the stock an "outperform" rating in a report on Thursday, February 16th. Wells Fargo & Company lifted their price objective on Cisco Systems from $52.00 to $57.00 and gave the stock an "equal weight" rating in a report on Thursday, February 16th. The Goldman Sachs Group started coverage on Cisco Systems in a report on Monday, March 6th. They issued a "neutral" rating for the company. Finally, Morgan Stanley lifted their price objective on Cisco Systems from $52.00 to $55.00 and gave the stock an "equal weight" rating in a report on Thursday, February 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Cisco Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $56.38.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 23,701 shares of the business's stock in a transaction on Friday, February 17th. The shares were sold at an average price of $50.90, for a total value of $1,206,380.90. Following the sale, the executive vice president now owns 184,853 shares in the company, valued at approximately $9,409,017.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 23,701 shares of Cisco Systems stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $50.90, for a total value of $1,206,380.90. Following the sale, the executive vice president now owns 184,853 shares of the company's stock, valued at approximately $9,409,017.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Charles Robbins sold 20,117 shares of the stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $49.08, for a total value of $987,342.36. Following the transaction, the chief executive officer now owns 798,970 shares of the company's stock, valued at $39,213,447.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,568 shares of company stock valued at $2,376,624. 0.02% of the stock is currently owned by corporate insiders.

Cisco Systems Company 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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