Franklin Street Advisors Inc. NC Has $11.72 Million Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Franklin Street Advisors Inc. NC lowered its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 232,022 shares of the network equipment provider’s stock after selling 7,136 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Cisco Systems were worth $11,722,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wealth Dimensions Group Ltd. lifted its stake in Cisco Systems by 1.4% during the second quarter. Wealth Dimensions Group Ltd. now owns 13,401 shares of the network equipment provider’s stock worth $693,000 after purchasing an additional 188 shares during the last quarter. Strong Tower Advisory Services lifted its stake in shares of Cisco Systems by 1.3% in the 3rd quarter. Strong Tower Advisory Services now owns 14,831 shares of the network equipment provider’s stock valued at $797,000 after acquiring an additional 190 shares during the last quarter. Richard W. Paul & Associates LLC lifted its stake in shares of Cisco Systems by 0.9% in the 3rd quarter. Richard W. Paul & Associates LLC now owns 20,996 shares of the network equipment provider’s stock valued at $1,129,000 after acquiring an additional 191 shares during the last quarter. Cassia Capital Partners LLC lifted its stake in shares of Cisco Systems by 1.4% in the 3rd quarter. Cassia Capital Partners LLC now owns 13,950 shares of the network equipment provider’s stock valued at $750,000 after acquiring an additional 191 shares during the last quarter. Finally, Waddell & Associates LLC lifted its stake in shares of Cisco Systems by 0.8% in the 3rd quarter. Waddell & Associates LLC now owns 24,693 shares of the network equipment provider’s stock valued at $1,328,000 after acquiring an additional 191 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Price Performance

Shares of NASDAQ CSCO traded up $0.14 during mid-day trading on Thursday, reaching $49.91. 18,137,448 shares of the company were exchanged, compared to its average volume of 19,930,795. Cisco Systems, Inc. has a 52 week low of $45.56 and a 52 week high of $58.19. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $202.10 billion, a PE ratio of 15.19, a PEG ratio of 2.24 and a beta of 0.87. The company’s 50 day moving average price is $49.77 and its 200 day moving average price is $50.93.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.03. The business had revenue of $12.79 billion during the quarter, compared to the consensus estimate of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 earnings per share. Sell-side analysts forecast that Cisco Systems, Inc. will post 3.16 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.21%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, April 3rd. Cisco Systems’s dividend payout ratio is 47.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CSCO shares. Melius Research reiterated a “hold” rating and issued a $55.00 price target on shares of Cisco Systems in a research note on Monday, January 8th. Barclays increased their price objective on Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. UBS Group increased their price objective on Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Melius downgraded Cisco Systems from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Wells Fargo & Company began coverage on Cisco Systems in a report on Thursday, February 15th. They set an “equal weight” rating and a $52.00 price target for the company. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Cisco Systems currently has an average rating of “Hold” and an average target price of $56.42.

Insider Activity

In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the sale, the chief financial officer now owns 328,491 shares in the company, valued at $16,424,550. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $50.00, for a total transaction of $697,100.00. Following the completion of the sale, the chief financial officer now owns 328,491 shares of the company’s stock, valued at $16,424,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total transaction of $124,850.00. Following the completion of the sale, the senior vice president now owns 58,121 shares in the company, valued at approximately $2,906,050. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,441 shares of company stock valued at $972,080. Insiders own 0.02% of the company’s stock.

About Cisco Systems

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.