First Bank & Trust Has $359,000 Stake in Cisco Systems, Inc. (CSCO)

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First Bank & Trust grew its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.5% during the 4th quarter, HoldingsChannel reports. The fund owned 8,287 shares of the network equipment provider’s stock after buying an additional 283 shares during the quarter. First Bank & Trust’s holdings in Cisco Systems were worth $359,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of CSCO. Waldron Private Wealth LLC raised its position in Cisco Systems by 1.5% during the third quarter. Waldron Private Wealth LLC now owns 16,212 shares of the network equipment provider’s stock worth $788,000 after acquiring an additional 242 shares during the last quarter. McGuire Investment Group LLC raised its position in Cisco Systems by 2.7% during the fourth quarter. McGuire Investment Group LLC now owns 9,615 shares of the network equipment provider’s stock worth $417,000 after acquiring an additional 252 shares during the last quarter. Mitchell Sinkler & Starr PA raised its position in Cisco Systems by 1.0% during the fourth quarter. Mitchell Sinkler & Starr PA now owns 26,651 shares of the network equipment provider’s stock worth $1,155,000 after acquiring an additional 270 shares during the last quarter. Winthrop Advisory Group LLC raised its position in Cisco Systems by 3.9% during the fourth quarter. Winthrop Advisory Group LLC now owns 7,385 shares of the network equipment provider’s stock worth $320,000 after acquiring an additional 278 shares during the last quarter. Finally, Mercer Capital Advisers Inc. raised its position in Cisco Systems by 4.8% during the fourth quarter. Mercer Capital Advisers Inc. now owns 6,525 shares of the network equipment provider’s stock worth $283,000 after acquiring an additional 300 shares during the last quarter. 69.17% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Kelly A. Kramer sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $51.70, for a total value of $3,619,000.00. Following the completion of the transaction, the chief financial officer now owns 420,696 shares of the company’s stock, valued at $21,749,983.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP David Goeckeler sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $52.07, for a total transaction of $1,562,100.00. Following the completion of the transaction, the executive vice president now directly owns 419,439 shares of the company’s stock, valued at approximately $21,840,188.73. The disclosure for this sale can be found here. In the last three months, insiders sold 115,000 shares of company stock valued at $5,926,000. Company insiders own 0.03% of the company’s stock.

A number of equities analysts have issued reports on CSCO shares. Argus restated a “buy” rating and set a $55.00 target price on shares of Cisco Systems in a research report on Tuesday, January 15th. Credit Suisse Group set a $44.00 target price on shares of Cisco Systems and gave the stock a “hold” rating in a research report on Wednesday, January 16th. Robert W. Baird restated a “buy” rating and set a $53.00 target price on shares of Cisco Systems in a research report on Tuesday, February 12th. Morgan Stanley cut shares of Cisco Systems from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $51.00 to $49.00 in a research report on Tuesday, February 12th. Finally, Wells Fargo & Co restated an “outperform” rating and set a $57.00 target price (up previously from $52.00) on shares of Cisco Systems in a research report on Wednesday, February 13th. Six research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Cisco Systems presently has a consensus rating of “Buy” and an average target price of $54.35.

NASDAQ:CSCO opened at $54.94 on Friday. The company has a quick ratio of 1.74, a current ratio of 1.80 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $269.54 billion, a PE ratio of 23.48, a PEG ratio of 2.91 and a beta of 1.21. Cisco Systems, Inc. has a 1-year low of $40.25 and a 1-year high of $57.53.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, February 13th. The network equipment provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $12.45 billion during the quarter, compared to analyst estimates of $12.43 billion. Cisco Systems had a net margin of 25.31% and a return on equity of 27.58%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 earnings per share. Research analysts anticipate that Cisco Systems, Inc. will post 2.75 earnings per share for the current fiscal year.

Cisco Systems announced that its board has initiated a share repurchase plan on Wednesday, February 13th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the network equipment provider to repurchase up to 6.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Friday, April 5th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Thursday, April 4th. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.33. Cisco Systems’s payout ratio is currently 59.83%.

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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 worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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