Lynch & Associates IN Has $6.20 Million Position in Cisco Systems, Inc. (CSCO)

Lynch & Associates IN raised its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 143,122 shares of the network equipment provider’s stock after purchasing an additional 1,544 shares during the quarter. Cisco Systems comprises approximately 2.3% of Lynch & Associates IN’s holdings, making the stock its 15th biggest holding. Lynch & Associates IN’s holdings in Cisco Systems were worth $6,201,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Welch Group LLC increased its stake in Cisco Systems by 2.0% during the 4th quarter. Welch Group LLC now owns 59,446 shares of the network equipment provider’s stock worth $2,576,000 after buying an additional 1,172 shares during the period. Arlington Partners LLC increased its stake in Cisco Systems by 2.2% during the 4th quarter. Arlington Partners LLC now owns 24,828 shares of the network equipment provider’s stock worth $1,076,000 after buying an additional 545 shares during the period. Grassi Investment Management purchased a new stake in Cisco Systems during the 4th quarter worth $5,534,000. Alta Capital Management LLC increased its stake in Cisco Systems by 5.0% during the 4th quarter. Alta Capital Management LLC now owns 35,330 shares of the network equipment provider’s stock worth $1,530,000 after buying an additional 1,694 shares during the period. Finally, CHICAGO TRUST Co NA increased its stake in Cisco Systems by 5.6% during the 4th quarter. CHICAGO TRUST Co NA now owns 20,640 shares of the network equipment provider’s stock worth $894,000 after buying an additional 1,093 shares during the period. 69.13% 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 transaction of $3,619,000.00. Following the sale, the chief financial officer now owns 420,696 shares in the company, valued at $21,749,983.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roderick C. Mcgeary sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $49.66, for a total transaction of $744,900.00. Following the transaction, the director now directly owns 102,898 shares in the company, valued at $5,109,914.68. The disclosure for this sale can be found here. Insiders have sold 115,000 shares of company stock worth $5,926,000 in the last 90 days. 0.03% of the stock is owned by company insiders.

Several brokerages have weighed in on CSCO. KeyCorp raised their price objective on shares of Cisco Systems from $55.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Jefferies Financial Group raised their price objective on shares of Cisco Systems to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 14th. They noted that the move was a valuation call. Citigroup raised their price objective on shares of Cisco Systems from $52.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, February 14th. Credit Suisse Group raised their price objective on shares of Cisco Systems from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, February 14th. Finally, MKM Partners lifted their price target on shares of Cisco Systems to $54.00 and gave the company a “neutral” rating in a report on Thursday, February 14th. Seven 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. The company presently has an average rating of “Buy” and a consensus price target of $53.49.

Shares of CSCO stock traded up $0.27 during midday trading on Monday, reaching $56.56. 10,911,751 shares of the company were exchanged, compared to its average volume of 20,455,320. Cisco Systems, Inc. has a 12 month low of $40.25 and a 12 month high of $56.61. The company has a market capitalization of $267.85 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 2.89 and a beta of 1.22. The company has a current ratio of 1.80, a quick ratio of 1.74 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, February 13th. The network equipment provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Cisco Systems had a net margin of 25.31% and a return on equity of 27.58%. The company had revenue of $12.45 billion for the quarter, compared to the consensus estimate of $12.43 billion. During the same period in the previous year, the firm earned $0.63 EPS. Cisco Systems’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts predict that Cisco Systems, Inc. will post 2.75 earnings per share for the current year.

Cisco Systems declared that its Board of Directors has approved a share buyback plan on Wednesday, February 13th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the network equipment provider to repurchase up to 6.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Friday, April 5th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.48%. 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 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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