Livforsakringsbolaget Skandia Omsesidigt Raises Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,039 shares of the network equipment provider’s stock after acquiring an additional 3,782 shares during the period. Cisco Systems makes up approximately 0.8% of Livforsakringsbolaget Skandia Omsesidigt’s holdings, making the stock its 26th biggest holding. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Cisco Systems were worth $8,641,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Daiwa Securities Group Inc. raised its holdings in shares of Cisco Systems by 3.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 746,650 shares of the network equipment provider’s stock worth $37,720,000 after acquiring an additional 22,262 shares in the last quarter. Key Financial Inc increased its position in shares of Cisco Systems by 3.9% during the 4th quarter. Key Financial Inc now owns 20,010 shares of the network equipment provider’s stock valued at $1,011,000 after purchasing an additional 755 shares during the last quarter. Oakworth Capital Inc. increased its position in shares of Cisco Systems by 1.8% during the 4th quarter. Oakworth Capital Inc. now owns 31,233 shares of the network equipment provider’s stock valued at $1,578,000 after purchasing an additional 561 shares during the last quarter. Telos Capital Management Inc. increased its position in shares of Cisco Systems by 1.9% during the 4th quarter. Telos Capital Management Inc. now owns 321,894 shares of the network equipment provider’s stock valued at $16,262,000 after purchasing an additional 6,047 shares during the last quarter. Finally, KLCM Advisors Inc. increased its position in shares of Cisco Systems by 13.2% during the 4th quarter. KLCM Advisors Inc. now owns 287,072 shares of the network equipment provider’s stock valued at $14,503,000 after purchasing an additional 33,381 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Stock Down 0.3 %

Shares of NASDAQ CSCO traded down $0.13 during mid-day trading on Wednesday, reaching $47.79. 14,395,959 shares of the company were exchanged, compared to its average volume of 19,579,455. 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 cap of $193.51 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 2.73 and a beta of 0.87. Cisco Systems, Inc. has a 1 year low of $45.56 and a 1 year high of $58.19. The firm has a 50-day moving average of $49.18 and a 200 day moving average of $50.32.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The firm had revenue of $12.79 billion during the quarter, compared to analysts’ expectations of $12.71 billion. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. On average, research analysts expect that Cisco Systems, Inc. will post 3.19 earnings per share for the current year.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be paid a dividend of $0.40 per share. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Wednesday, April 3rd. Cisco Systems’s dividend payout ratio is 48.63%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barclays boosted their target price on Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Deutsche Bank Aktiengesellschaft upped their price objective on Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, April 9th. Morgan Stanley initiated coverage on Cisco Systems in a research report on Tuesday, April 9th. They issued an “overweight” rating and a $58.00 price objective on the stock. Bank of America raised Cisco Systems from a “neutral” rating to a “buy” rating and upped their price objective for the company from $55.00 to $60.00 in a research report on Monday. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.03.

Insider Buying and Selling

In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the completion of the sale, the senior vice president now directly owns 58,121 shares in the company, valued at $2,906,050. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the sale, the chief financial officer now directly owns 328,491 shares in the company, valued at $16,424,550. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Maria Victoria Wong sold 2,497 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the completion of the sale, the senior vice president now owns 58,121 shares of the company’s stock, valued at $2,906,050. The disclosure for this sale can be found here. Insiders sold 19,441 shares of company stock worth $972,080 in the last three months. 0.02% of the stock is owned by insiders.

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.