GUNN & Co INVESTMENT MANAGEMENT INC. Has $50.96 Million Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

GUNN & Co INVESTMENT MANAGEMENT INC. increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1,161.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,008,782 shares of the network equipment provider’s stock after purchasing an additional 928,841 shares during the quarter. Cisco Systems accounts for about 3.4% of GUNN & Co INVESTMENT MANAGEMENT INC.’s investment portfolio, making the stock its 9th largest holding. GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings in Cisco Systems were worth $50,964,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. MCF Advisors LLC grew its holdings in shares of Cisco Systems by 5.3% during the fourth quarter. MCF Advisors LLC now owns 23,991 shares of the network equipment provider’s stock valued at $1,212,000 after purchasing an additional 1,197 shares during the last quarter. Capital Investment Advisory Services LLC increased its position in Cisco Systems by 11.2% in the fourth quarter. Capital Investment Advisory Services LLC now owns 27,658 shares of the network equipment provider’s stock worth $1,397,000 after buying an additional 2,777 shares during the period. Cetera Trust Company N.A bought a new stake in Cisco Systems in the fourth quarter valued at $187,000. Hussman Strategic Advisors Inc. boosted its holdings in shares of Cisco Systems by 233.3% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the network equipment provider’s stock valued at $4,244,000 after acquiring an additional 58,800 shares during the period. Finally, Ramsay Stattman Vela & Price Inc. grew its position in shares of Cisco Systems by 6.4% during the fourth quarter. Ramsay Stattman Vela & Price Inc. now owns 123,507 shares of the network equipment provider’s stock worth $6,240,000 after acquiring an additional 7,415 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Insider Activity at Cisco Systems

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 stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the transaction, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 328,491 shares in the company, valued at approximately $16,424,550. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 191,559 shares of the company’s stock, valued at approximately $9,579,865.59. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,441 shares of company stock valued at $972,080. Corporate insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CSCO. Melius Research reissued a “hold” rating and set a $55.00 target price on shares of Cisco Systems in a research note on Monday, January 8th. Wells Fargo & Company initiated coverage on Cisco Systems in a research note on Thursday, February 15th. They set an “equal weight” rating and a $52.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price target on Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, April 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a report on Tuesday, April 9th. Finally, UBS Group raised their target price on shares of Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $55.53.

Cisco Systems Stock Up 0.7 %

CSCO stock opened at $47.12 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26. The firm has a market capitalization of $190.80 billion, a P/E ratio of 14.32, a P/E/G ratio of 2.70 and a beta of 0.87. Cisco Systems, Inc. has a 52-week low of $45.56 and a 52-week high of $58.19. The company’s 50 day simple moving average is $48.79 and its 200-day simple moving average is $49.83.

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, beating the consensus estimate of $0.84 by $0.03. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The company had revenue of $12.79 billion for the quarter, compared to the consensus estimate of $12.71 billion. During the same period in the previous year, the business earned $0.76 EPS. The company’s revenue was down 5.9% on a year-over-year basis. As a group, equities research analysts anticipate that Cisco Systems, Inc. will post 3.13 EPS for the current year.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Wednesday, April 3rd. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s payout ratio is 48.63%.

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 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.