Krilogy Financial LLC Boosts Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Krilogy Financial LLC grew its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 9.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,622 shares of the network equipment provider’s stock after buying an additional 1,001 shares during the period. Krilogy Financial LLC’s holdings in Cisco Systems were worth $688,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. TruWealth Advisors LLC lifted its position in shares of Cisco Systems by 0.5% during the 4th quarter. TruWealth Advisors LLC now owns 426,917 shares of the network equipment provider’s stock valued at $25,273,000 after buying an additional 2,172 shares in the last quarter. Ameritas Advisory Services LLC lifted its holdings in Cisco Systems by 6.9% in the 4th quarter. Ameritas Advisory Services LLC now owns 50,077 shares of the network equipment provider’s stock worth $2,965,000 after purchasing an additional 3,252 shares in the last quarter. HB Wealth Management LLC lifted its holdings in Cisco Systems by 2.6% in the 4th quarter. HB Wealth Management LLC now owns 324,746 shares of the network equipment provider’s stock worth $19,225,000 after purchasing an additional 8,275 shares in the last quarter. Trust Co. of Vermont lifted its holdings in Cisco Systems by 0.3% in the 4th quarter. Trust Co. of Vermont now owns 194,397 shares of the network equipment provider’s stock worth $11,508,000 after purchasing an additional 627 shares in the last quarter. Finally, Cherrydale Wealth Management LLC purchased a new position in Cisco Systems in the 4th quarter worth approximately $223,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Stock Performance

Shares of Cisco Systems stock opened at $60.23 on Monday. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $60.95. The company has a market capitalization of $239.88 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 4.37 and a beta of 0.84. The stock’s fifty day moving average is $58.91 and its two-hundred day moving average is $53.57. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. The business had revenue of $13.84 billion during the quarter, compared to analysts’ expectations of $13.78 billion. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 EPS. As a group, analysts expect that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Friday, January 3rd. Cisco Systems’s dividend payout ratio (DPR) is currently 68.67%.

Analyst Ratings Changes

CSCO has been the topic of a number of research analyst reports. UBS Group boosted their price target on Cisco Systems from $55.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Bank of America boosted their price target on Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Morgan Stanley boosted their price target on Cisco Systems from $62.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Citigroup upped their price objective on Cisco Systems from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Friday. Finally, Wells Fargo & Company upped their price objective on Cisco Systems from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $61.50.

Insider Buying and Selling

In other Cisco Systems news, CEO Charles Robbins sold 171,744 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $9,873,562.56. Following the completion of the sale, the chief executive officer now directly owns 783,786 shares in the company, valued at approximately $45,059,857.14. This trade represents a 17.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Maria Victoria Wong sold 586 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $58.69, for a total value of $34,392.34. Following the completion of the sale, the senior vice president now owns 50,767 shares of the company’s stock, valued at approximately $2,979,515.23. This trade represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 353,522 shares of company stock worth $20,349,721 in the last three months. 0.01% of the stock is owned by insiders.

Cisco Systems 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.