Tennessee Valley Asset Management Partners Takes $78,000 Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Tennessee Valley Asset Management Partners purchased a new position in Cisco Systems, Inc. (NASDAQ:CSCO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,550 shares of the network equipment provider’s stock, valued at approximately $78,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Cassia Capital Partners LLC increased its stake in shares of Cisco Systems by 1.4% in the third quarter. Cassia Capital Partners LLC now owns 13,950 shares of the network equipment provider’s stock worth $750,000 after buying an additional 191 shares during the last quarter. Waddell & Associates LLC increased its stake in shares of Cisco Systems by 0.8% in the third quarter. Waddell & Associates LLC now owns 24,693 shares of the network equipment provider’s stock worth $1,328,000 after buying an additional 191 shares during the last quarter. Sax Wealth Advisors LLC increased its stake in shares of Cisco Systems by 3.6% in the third quarter. Sax Wealth Advisors LLC now owns 5,686 shares of the network equipment provider’s stock worth $306,000 after buying an additional 196 shares during the last quarter. Onyx Bridge Wealth Group LLC increased its stake in shares of Cisco Systems by 3.8% in the third quarter. Onyx Bridge Wealth Group LLC now owns 5,385 shares of the network equipment provider’s stock worth $290,000 after buying an additional 197 shares during the last quarter. Finally, Winch Advisory Services LLC increased its stake in shares of Cisco Systems by 19.3% in the third quarter. Winch Advisory Services LLC now owns 1,232 shares of the network equipment provider’s stock worth $66,000 after buying an additional 199 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Down 0.4 %

Shares of Cisco Systems stock opened at $48.14 on Tuesday. The stock has a market capitalization of $194.93 billion, a P/E ratio of 14.63, a PEG ratio of 2.77 and a beta of 0.87. 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 50 day moving average price of $49.03 and a two-hundred day moving average price of $50.17. Cisco Systems, Inc. has a 12-month low of $45.56 and a 12-month high of $58.19.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) 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 company’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 earnings per share. Equities analysts expect that Cisco Systems, Inc. will post 3.14 earnings per share for the current year.

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, April 3rd. This is a positive change 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 3.32%. Cisco Systems’s payout ratio is 48.63%.

Insider Transactions at Cisco Systems

In related news, CFO Richard Scott Herren sold 13,942 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 328,491 shares in the company, valued at $16,424,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total value of $150,130.02. Following the completion of the transaction, the executive vice president now directly owns 191,559 shares in the company, valued at $9,579,865.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard Scott Herren sold 13,942 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the transaction, the chief financial officer now owns 328,491 shares of the company’s stock, 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 worth $972,080 over the last three months. 0.02% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CSCO has been the subject of a number of research reports. Wells Fargo & Company initiated coverage on shares of Cisco Systems in a report on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of Cisco Systems in a report on Monday. They issued a “neutral” rating and a $53.00 price objective for the company. Citigroup initiated coverage on shares of Cisco Systems in a report on Friday, April 12th. They issued a “neutral” rating and a $52.00 price objective for the company. Bank of America raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $55.00 to $60.00 in a report on Monday, April 15th. Finally, Barclays lifted their price objective on shares of Cisco Systems from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $55.53.

Cisco Systems Company 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.