4,268 Shares in Cisco Systems, Inc. (NASDAQ:CSCO) Bought by Hopwood Financial Services Inc.

Hopwood Financial Services Inc. acquired a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,268 shares of the network equipment provider’s stock, valued at approximately $253,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Swedbank AB raised its position in shares of Cisco Systems by 0.6% during the 3rd quarter. Swedbank AB now owns 9,029,594 shares of the network equipment provider’s stock valued at $480,555,000 after acquiring an additional 52,711 shares in the last quarter. Baker Avenue Asset Management LP lifted its position in shares of Cisco Systems by 21.7% in the 3rd quarter. Baker Avenue Asset Management LP now owns 16,235 shares of the network equipment provider’s stock worth $864,000 after buying an additional 2,894 shares during the last quarter. Tyler Stone Wealth Management raised its stake in Cisco Systems by 88.8% during the third quarter. Tyler Stone Wealth Management now owns 5,435 shares of the network equipment provider’s stock worth $289,000 after acquiring an additional 2,556 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Cisco Systems during the third quarter valued at approximately $216,000. Finally, Jaffetilchin Investment Partners LLC boosted its holdings in shares of Cisco Systems by 5.2% during the third quarter. Jaffetilchin Investment Partners LLC now owns 22,559 shares of the network equipment provider’s stock valued at $1,201,000 after acquiring an additional 1,123 shares during the period. Institutional investors own 73.33% of the company’s stock.

Insider Activity at Cisco Systems

In other news, CEO Charles Robbins sold 31,983 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the completion of the transaction, the chief executive officer now directly owns 736,120 shares in the company, valued at $47,413,489.20. This trade represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Maria Victoria Wong sold 586 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $58.69, for a total value of $34,392.34. Following the sale, the senior vice president now owns 50,767 shares of the company’s stock, valued at approximately $2,979,515.23. The trade was a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,348 shares of company stock valued at $4,318,181 in the last quarter. Insiders own 0.01% of the company’s stock.

Cisco Systems Trading Down 2.2 %

Shares of Cisco Systems stock opened at $60.67 on Wednesday. The company has a 50-day simple moving average of $61.72 and a 200 day simple moving average of $57.60. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $241.36 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 4.16 and a beta of 0.79. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $66.50.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.14). Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. Research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 12th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the network equipment provider to purchase up to 6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.41 per share. This is an increase from Cisco Systems’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.64 annualized dividend and a yield of 2.70%. Cisco Systems’s payout ratio is presently 71.62%.

Wall Street Analyst Weigh In

CSCO has been the subject of several recent analyst reports. Citigroup reissued an “overweight” rating on shares of Cisco Systems in a research note on Thursday, March 6th. JPMorgan Chase & Co. increased their target price on shares of Cisco Systems from $69.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Wells Fargo & Company restated an “equal weight” rating on shares of Cisco Systems in a research report on Thursday, March 6th. The Goldman Sachs Group upped their target price on Cisco Systems from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, BNP Paribas raised Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 price target for the company in a research note on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Cisco Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.63.

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.