Nikulski Financial Inc. Purchases 390 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Nikulski Financial Inc. grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,143 shares of the network equipment provider’s stock after acquiring an additional 390 shares during the period. Nikulski Financial Inc.’s holdings in Cisco Systems were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CSCO. Kathleen S. Wright Associates Inc. bought a new position in Cisco Systems in the 3rd quarter worth approximately $27,000. Valued Wealth Advisors LLC bought a new position in shares of Cisco Systems during the fourth quarter worth $32,000. Fortis Capital Advisors LLC purchased a new position in Cisco Systems during the fourth quarter valued at $34,000. Morton Brown Family Wealth LLC increased its holdings in Cisco Systems by 41.9% in the 4th quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock valued at $36,000 after acquiring an additional 208 shares during the last quarter. Finally, Bourgeon Capital Management LLC lifted its stake in Cisco Systems by 3,500.0% in the 4th quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CSCO shares. Wells Fargo & Company initiated coverage on Cisco Systems in a report on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 target price on the stock. Melius cut Cisco Systems from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Melius Research reissued a “hold” rating and issued a $55.00 target price on shares of Cisco Systems in a report on Monday, January 8th. UBS Group upped their price target on shares of Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Finally, StockNews.com cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $55.53.

Cisco Systems Stock Performance

CSCO stock opened at $48.40 on Monday. Cisco Systems, Inc. has a twelve month low of $45.56 and a twelve month high of $58.19. The firm has a market cap of $195.98 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 2.77 and a beta of 0.87. The business’s fifty day simple moving average is $49.07 and its two-hundred day simple moving average is $50.20. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14.

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

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $1.60 annualized dividend and a yield of 3.31%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio is 48.63%.

Insiders Place Their Bets

In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the completion of the sale, the senior vice president now directly owns 58,121 shares in the company, valued at approximately $2,906,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Richard Scott Herren sold 13,942 shares of Cisco Systems stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $50.00, for a total transaction of $697,100.00. Following the transaction, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at $16,424,550. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the sale, the senior vice president now owns 58,121 shares of the company’s stock, valued at approximately $2,906,050. The disclosure for this sale can be found here. Insiders have sold 19,441 shares of company stock worth $972,080 in the last ninety days. 0.02% of the stock is owned by company insiders.

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.