Clarius Group LLC Raises Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Clarius Group LLC lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 33.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,296 shares of the network equipment provider’s stock after buying an additional 3,085 shares during the quarter. Clarius Group LLC’s holdings in Cisco Systems were worth $533,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSCO. Horan Securities Inc. grew its stake in shares of Cisco Systems by 663.0% in the fourth quarter. Horan Securities Inc. now owns 763 shares of the network equipment provider’s stock valued at $33,000 after acquiring an additional 663 shares in the last quarter. Contravisory Investment Management Inc. bought a new stake in Cisco Systems during the fourth quarter worth about $49,000. Highwater Wealth Management LLC bought a new stake in Cisco Systems during the fourth quarter worth about $51,000. Acropolis Investment Management LLC bought a new stake in Cisco Systems during the fourth quarter worth about $101,000. Finally, Hanseatic Management Services Inc. lifted its position in Cisco Systems by 74.6% during the fourth quarter. Hanseatic Management Services Inc. now owns 2,654 shares of the network equipment provider’s stock worth $115,000 after purchasing an additional 1,134 shares during the period. Hedge funds and other institutional investors own 74.49% of the company’s stock.

NASDAQ:CSCO traded up $0.01 during trading hours on Monday, hitting $54.74. 26,069,337 shares of the company traded hands, compared to its average volume of 21,845,318. The firm has a market cap of $234.54 billion, a P/E ratio of 23.39, a PEG ratio of 2.79 and a beta of 1.18. Cisco Systems, Inc. has a one year low of $40.25 and a one year high of $58.15. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.64 and a current ratio of 1.69. The business’s 50-day simple moving average is $55.03.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, May 15th. The network equipment provider reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.01. Cisco Systems had a return on equity of 29.88% and a net margin of 25.76%. The company had revenue of $12.96 billion for the quarter, compared to analysts’ expectations of $12.89 billion. During the same period in the previous year, the business posted $0.66 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts forecast that Cisco Systems, Inc. will post 2.8 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Friday, July 5th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Wednesday, July 3rd. Cisco Systems’s payout ratio is 59.83%.

In related news, CFO Kelly A. Kramer sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $53.56, for a total value of $3,749,200.00. Following the completion of the sale, the chief financial officer now owns 349,122 shares in the company, valued at approximately $18,698,974.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Chandler sold 3,750 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $55.79, for a total value of $209,212.50. The disclosure for this sale can be found here. Insiders have sold 95,129 shares of company stock valued at $5,159,754 in the last three months. 0.03% of the stock is owned by insiders.

A number of research analysts have recently commented on CSCO shares. Oppenheimer increased their target price on shares of Cisco Systems from $52.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. BidaskClub cut shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 7th. MKM Partners increased their target price on shares of Cisco Systems to $56.00 and gave the stock a “neutral” rating in a report on Thursday, May 16th. Jefferies Financial Group increased their target price on shares of Cisco Systems from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $60.00 price objective on shares of Cisco Systems in a report on Wednesday, June 12th. Seven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $56.13.

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 worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

Recommended Story: What are earnings reports?

Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.