Onyx Bridge Wealth Group LLC Grows Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Onyx Bridge Wealth Group LLC lifted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 16.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,247 shares of the network equipment provider’s stock after purchasing an additional 862 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Cisco Systems were worth $316,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wetzel Investment Advisors Inc. purchased a new position in Cisco Systems in the fourth quarter valued at $376,000. Naples Money Management LLC purchased a new stake in Cisco Systems during the 4th quarter worth about $1,652,000. Zhang Financial LLC lifted its holdings in Cisco Systems by 8.3% during the 4th quarter. Zhang Financial LLC now owns 30,245 shares of the network equipment provider’s stock worth $1,528,000 after buying an additional 2,327 shares during the last quarter. Beaumont Financial Advisors LLC lifted its holdings in Cisco Systems by 4.7% during the 4th quarter. Beaumont Financial Advisors LLC now owns 10,589 shares of the network equipment provider’s stock worth $535,000 after buying an additional 471 shares during the last quarter. Finally, Davidson Trust Co. lifted its holdings in Cisco Systems by 8.2% during the 4th quarter. Davidson Trust Co. now owns 13,624 shares of the network equipment provider’s stock worth $688,000 after buying an additional 1,035 shares during the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the sale, the executive vice president now owns 191,559 shares of the company’s stock, valued at approximately $9,579,865.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the sale, the executive vice president now owns 191,559 shares of the company’s stock, valued at approximately $9,579,865.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard Scott Herren sold 13,942 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the sale, the chief financial officer now directly owns 328,491 shares in the company, valued at approximately $16,424,550. The disclosure for this sale can be found here. Insiders have sold 19,441 shares of company stock valued at $972,080 in the last quarter. 0.02% of the stock is currently owned by corporate insiders.

Cisco Systems Stock Performance

NASDAQ CSCO traded up $0.21 on Friday, hitting $48.32. 20,964,433 shares of the company’s stock were exchanged, compared to its average volume of 16,323,960. 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’s 50-day moving average price is $49.07 and its two-hundred day moving average price is $50.25. Cisco Systems, Inc. has a fifty-two week low of $45.56 and a fifty-two week high of $58.19. The firm has a market cap of $195.66 billion, a price-to-earnings ratio of 14.69, a P/E/G ratio of 2.76 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The company had revenue of $12.79 billion for the quarter, compared to analysts’ expectations of $12.71 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. On average, research analysts expect that Cisco Systems, Inc. will post 3.14 EPS for the current year.

Cisco Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th will be paid a dividend of $0.40 per share. 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. This represents a $1.60 annualized dividend and a dividend yield of 3.31%. Cisco Systems’s payout ratio is 48.63%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Morgan Stanley assumed coverage on Cisco Systems in a report on Tuesday, April 9th. They set an “overweight” rating and a $58.00 price target for the company. Melius downgraded Cisco Systems from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Melius Research reaffirmed a “hold” rating and set a $55.00 price target on shares of Cisco Systems in a report on Monday, January 8th. Deutsche Bank Aktiengesellschaft boosted their target price on Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, April 9th. Finally, Wells Fargo & Company started coverage on Cisco Systems in a report on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 target price for the company. Two investment 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, Cisco Systems presently has an average rating of “Hold” and an average price target of $56.03.

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.