Dana Investment Advisors Inc. Has $14.01 Million Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Dana Investment Advisors Inc. boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 51.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 236,694 shares of the network equipment provider’s stock after buying an additional 80,849 shares during the period. Dana Investment Advisors Inc.’s holdings in Cisco Systems were worth $14,012,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CSCO. Swedbank AB grew its holdings in Cisco Systems by 0.6% during the 3rd quarter. Swedbank AB now owns 9,029,594 shares of the network equipment provider’s stock worth $480,555,000 after acquiring an additional 52,711 shares during the period. United Advisor Group LLC acquired a new stake in Cisco Systems during the 3rd quarter worth about $528,000. Hanlon Investment Management Inc. acquired a new stake in Cisco Systems during the 3rd quarter worth about $226,000. Long Run Wealth Advisors LLC boosted its position in shares of Cisco Systems by 7.2% during the 3rd quarter. Long Run Wealth Advisors LLC now owns 33,559 shares of the network equipment provider’s stock worth $1,786,000 after purchasing an additional 2,250 shares in the last quarter. Finally, Balentine LLC boosted its position in shares of Cisco Systems by 121.7% during the 3rd quarter. Balentine LLC now owns 11,153 shares of the network equipment provider’s stock worth $594,000 after purchasing an additional 6,123 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 11,808 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $64.37, for a total transaction of $760,080.96. Following the completion of the sale, the executive vice president now owns 200,191 shares in the company, valued at $12,886,294.67. This trade represents a 5.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Charles Robbins sold 31,983 shares of Cisco Systems stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the completion of the transaction, the chief executive officer now owns 736,120 shares of the company’s stock, valued at $47,413,489.20. This represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 74,848 shares of company stock worth $4,767,206 in the last quarter. Insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price objective on shares of Cisco Systems from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Citigroup increased their price objective on shares of Cisco Systems from $71.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. DZ Bank raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. BNP Paribas raised shares of Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 price target on the stock in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company raised their price target on shares of Cisco Systems from $60.00 to $72.00 and gave the company an “equal weight” rating in a research report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.63.

Cisco Systems Price Performance

Cisco Systems stock opened at $63.96 on Thursday. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $66.50. The company’s 50 day moving average price is $61.47 and its two-hundred day moving average price is $57.20. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. The stock has a market cap of $254.45 billion, a P/E ratio of 27.93, a P/E/G ratio of 4.16 and a beta of 0.79.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. On average, equities analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems declared that its board has authorized a share repurchase plan on Wednesday, February 12th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the network equipment provider to purchase up to 6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.41 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.56%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.40. Cisco Systems’s dividend payout ratio (DPR) is presently 71.62%.

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 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.