American Money Management LLC Has $717,000 Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

American Money Management LLC grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 13.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,105 shares of the network equipment provider’s stock after purchasing an additional 1,409 shares during the period. American Money Management LLC’s holdings in Cisco Systems were worth $717,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. L & S Advisors Inc boosted its stake in Cisco Systems by 125.4% in the fourth quarter. L & S Advisors Inc now owns 105,510 shares of the network equipment provider’s stock valued at $6,246,000 after buying an additional 58,696 shares in the last quarter. Strategy Asset Managers LLC boosted its stake in shares of Cisco Systems by 1.1% in the 4th quarter. Strategy Asset Managers LLC now owns 172,297 shares of the network equipment provider’s stock valued at $10,200,000 after purchasing an additional 1,832 shares in the last quarter. Allianz SE bought a new stake in shares of Cisco Systems during the 4th quarter valued at approximately $16,590,000. Allstate Corp acquired a new position in Cisco Systems during the 4th quarter worth approximately $6,581,000. Finally, ESG Planning DBA Harper Investing lifted its stake in Cisco Systems by 15.0% in the 4th quarter. ESG Planning DBA Harper Investing now owns 12,451 shares of the network equipment provider’s stock valued at $737,000 after purchasing an additional 1,621 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Activity at Cisco Systems

In other Cisco Systems news, CFO Richard Scott Herren sold 19,929 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $64.41, for a total transaction of $1,283,626.89. Following the completion of the sale, the chief financial officer now owns 335,605 shares in the company, valued at approximately $21,616,318.05. The trade was a 5.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Charles Robbins sold 31,983 shares of the firm’s stock in a transaction 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 directly owns 736,120 shares in the company, valued at $47,413,489.20. This trade represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,547 shares of company stock valued at $4,275,553 in the last three months. Corporate insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. BNP Paribas raised shares of Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 target price on the stock in a research note on Tuesday, January 28th. Citigroup reaffirmed an “overweight” rating on shares of Cisco Systems in a report on Thursday, March 6th. Melius raised Cisco Systems from a “hold” rating to a “buy” rating and lifted their price target for the company from $66.00 to $73.00 in a research note on Monday, January 6th. Melius Research raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Morgan Stanley lifted their target price on shares of Cisco Systems from $62.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Cisco Systems currently has an average rating of “Moderate Buy” and an average price target of $66.63.

Cisco Systems Price Performance

Shares of CSCO opened at $60.86 on Friday. The firm has a market cap of $242.12 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 4.16 and a beta of 0.79. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $66.50. The business’s 50 day moving average price is $62.11 and its two-hundred day moving average price is $58.54. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87.

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

Cisco Systems announced that its board has authorized a share buyback program on Wednesday, February 12th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the network equipment provider to buy up to 6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd will be paid a $0.41 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This is an increase from Cisco Systems’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 2.69%. Cisco Systems’s dividend payout ratio (DPR) is currently 71.62%.

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 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.