Octavia Wealth Advisors LLC Boosts Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Octavia Wealth Advisors LLC grew its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 45.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,452 shares of the network equipment provider’s stock after purchasing an additional 1,709 shares during the period. Octavia Wealth Advisors LLC’s holdings in Cisco Systems were worth $275,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. State Street Corp grew its stake in shares of Cisco Systems by 2.2% in the 1st quarter. State Street Corp now owns 184,879,450 shares of the network equipment provider’s stock valued at $9,664,544,000 after buying an additional 4,061,022 shares during the period. Morgan Stanley grew its stake in shares of Cisco Systems by 17.4% in the 4th quarter. Morgan Stanley now owns 61,788,267 shares of the network equipment provider’s stock valued at $2,943,593,000 after buying an additional 9,160,347 shares during the period. Moneta Group Investment Advisors LLC boosted its position in shares of Cisco Systems by 112,307.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 59,519,500 shares of the network equipment provider’s stock worth $2,835,509,000 after purchasing an additional 59,466,550 shares during the period. FMR LLC boosted its position in shares of Cisco Systems by 3.2% during the 3rd quarter. FMR LLC now owns 57,102,221 shares of the network equipment provider’s stock worth $3,069,815,000 after purchasing an additional 1,790,717 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Cisco Systems by 6.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 53,356,141 shares of the network equipment provider’s stock worth $2,975,139,000 after purchasing an additional 3,087,294 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Activity

In related news, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the sale, the senior vice president now directly owns 58,121 shares in the company, valued at approximately $2,906,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the sale, the senior vice president now directly owns 58,121 shares in the company, valued at approximately $2,906,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard Scott Herren sold 13,942 shares of Cisco Systems stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction 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 disclosure for this sale can be found here. In the last three months, insiders have sold 19,441 shares of company stock worth $972,080. 0.02% of the stock is currently owned by corporate insiders.

Cisco Systems Price Performance

Shares of CSCO opened at $47.92 on Wednesday. Cisco Systems, Inc. has a twelve month low of $45.56 and a twelve month high of $58.19. The firm’s fifty day simple moving average is $49.18 and its 200-day simple moving average is $50.32. The firm has a market capitalization of $194.04 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 2.73 and a beta of 0.87. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data 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. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The business had revenue of $12.79 billion for the quarter, compared to analyst estimates of $12.71 billion. During the same period last year, the business earned $0.76 EPS. The company’s revenue was down 5.9% on a year-over-year basis. Equities analysts forecast that Cisco Systems, Inc. will post 3.19 EPS 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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.34%. This is a positive change 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 (DPR) is presently 48.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CSCO shares. Melius Research reaffirmed a “hold” rating and set a $55.00 price objective on shares of Cisco Systems in a research report on Monday, January 8th. Morgan Stanley started coverage on shares of Cisco Systems in a research report on Tuesday, April 9th. They set an “overweight” rating and a $58.00 price objective for the company. StockNews.com cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Melius cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, UBS Group increased their price objective on shares of Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Cisco Systems has an average rating of “Hold” and a consensus price target of $56.03.

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.