Yousif Capital Management LLC Has $32.10 Million Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Yousif Capital Management LLC trimmed its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 635,322 shares of the network equipment provider’s stock after selling 21,981 shares during the period. Yousif Capital Management LLC’s holdings in Cisco Systems were worth $32,096,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. bought a new stake in Cisco Systems during the third quarter valued at about $27,000. Valued Wealth Advisors LLC bought a new stake in Cisco Systems during the fourth quarter valued at about $32,000. Morton Brown Family Wealth LLC boosted its holdings in Cisco Systems by 41.9% during the fourth quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock valued at $36,000 after acquiring an additional 208 shares during the period. Bourgeon Capital Management LLC lifted its stake in shares of Cisco Systems by 3,500.0% in the fourth quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock valued at $36,000 after buying an additional 700 shares during the period. Finally, Rakuten Securities Inc. bought a new stake in shares of Cisco Systems in the fourth quarter valued at about $43,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the completion of the sale, the executive vice president now owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the transaction, the executive vice president now directly owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the chief financial officer now directly owns 328,491 shares in the company, valued at $16,424,550. The disclosure for this sale can be found here. Insiders sold a total of 19,441 shares of company stock valued at $972,080 over the last quarter. Corporate insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

CSCO has been the subject of several research reports. JPMorgan Chase & Co. initiated coverage on shares of Cisco Systems in a research note on Monday. They issued a “neutral” rating and a $53.00 target price for the company. Citigroup initiated coverage on shares of Cisco Systems in a research note on Friday, April 12th. They issued a “neutral” rating and a $52.00 target price for the company. Morgan Stanley assumed coverage on shares of Cisco Systems in a research note on Tuesday, April 9th. They issued an “overweight” rating and a $58.00 target price for the company. Bank of America raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and increased their price target for the stock from $55.00 to $60.00 in a research report on Monday, April 15th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Cisco Systems presently has a consensus rating of “Hold” and an average target price of $55.53.

Cisco Systems Price Performance

Shares of NASDAQ CSCO traded up $0.18 during mid-day trading on Tuesday, hitting $48.32. 16,239,196 shares of the stock were exchanged, compared to its average volume of 19,471,814. The company has a market cap of $195.66 billion, a P/E ratio of 14.69, a PEG ratio of 2.77 and a beta of 0.87. The stock’s fifty day simple moving average is $49.01 and its two-hundred day simple moving average is $50.13. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.37. Cisco Systems, Inc. has a twelve month low of $45.56 and a twelve month high of $58.19.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. The business had revenue of $12.79 billion during the quarter, compared to analyst estimates of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. Cisco Systems’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 earnings per share. As a group, analysts forecast that Cisco Systems, Inc. will post 3.14 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.31%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio (DPR) is currently 48.63%.

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.