Roble Belko & Company Inc Has $324,000 Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Roble Belko & Company Inc boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 77.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,405 shares of the network equipment provider’s stock after buying an additional 2,788 shares during the quarter. Roble Belko & Company Inc’s holdings in Cisco Systems were worth $324,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. California Public Employees Retirement System increased its position in Cisco Systems by 25.0% during the fourth quarter. California Public Employees Retirement System now owns 18,750,237 shares of the network equipment provider’s stock worth $947,262,000 after buying an additional 3,753,165 shares during the last quarter. Gimbal Financial acquired a new position in shares of Cisco Systems in the fourth quarter valued at approximately $462,000. Scott & Selber Inc. grew its position in shares of Cisco Systems by 3.1% in the fourth quarter. Scott & Selber Inc. now owns 55,226 shares of the network equipment provider’s stock valued at $2,790,000 after purchasing an additional 1,643 shares during the last quarter. RWA Wealth Partners LLC grew its position in shares of Cisco Systems by 130.8% in the fourth quarter. RWA Wealth Partners LLC now owns 339,844 shares of the network equipment provider’s stock valued at $17,169,000 after purchasing an additional 192,624 shares during the last quarter. Finally, Jennison Associates LLC grew its position in shares of Cisco Systems by 26.7% in the fourth quarter. Jennison Associates LLC now owns 3,400,018 shares of the network equipment provider’s stock valued at $171,769,000 after purchasing an additional 716,557 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CSCO shares. Barclays upped 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. Melius downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Citigroup assumed coverage on Cisco Systems in a research note on Friday, April 12th. They issued a “neutral” rating and a $52.00 price target for the company. Bank of America raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $55.00 to $60.00 in a research report on Monday, April 15th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Cisco Systems has an average rating of “Hold” and an average target price of $55.53.

Insider Transactions at Cisco Systems

In other news, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the transaction, the senior vice president now owns 58,121 shares in the company, valued at $2,906,050. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction of $150,130.02. Following the transaction, the executive vice president now owns 191,559 shares in the company, valued at $9,579,865.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Maria Victoria Wong sold 2,497 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 58,121 shares in the company, valued at approximately $2,906,050. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,441 shares of company stock worth $972,080. Corporate insiders own 0.02% of the company’s stock.

Cisco Systems Stock Down 0.4 %

CSCO traded down $0.18 during midday trading on Monday, reaching $48.14. The company’s stock had a trading volume of 20,131,136 shares, compared to its average volume of 19,517,379. The firm has a market capitalization of $194.93 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 2.77 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, Inc. has a 1 year low of $45.56 and a 1 year high of $58.19. The stock’s 50-day moving average is $49.03 and its 200-day moving average is $50.17.

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, topping analysts’ consensus estimates of $0.84 by $0.03. The business had revenue of $12.79 billion for the quarter, compared to analysts’ expectations of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The business’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 earnings per share. As a group, research analysts expect that Cisco Systems, Inc. will post 3.14 EPS for the current year.

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Wednesday, April 3rd. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio is currently 48.63%.

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.