Atria Investments increased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 36.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,628 shares of the network equipment provider’s stock after buying an additional 15,263 shares during the period. Atria Investments’ holdings in Cisco Systems were worth $1,403,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Jacobs & Company boosted its position in Cisco Systems by 5.3% in the fourth quarter. Jacobs & Company now owns 231,001 shares of the network equipment provider’s stock valued at $5,855,000 after buying an additional 11,586 shares during the period. Fisher Asset Management boosted its position in Cisco Systems by 0.9% in the fourth quarter. Fisher Asset Management now owns 15,485,889 shares of the network equipment provider’s stock valued at $420,519,000 after buying an additional 134,268 shares during the period. Bridges Investment Management boosted its position in Cisco Systems by 13.2% in the fourth quarter. Bridges Investment Management now owns 44,816 shares of the network equipment provider’s stock valued at $1,217,000 after buying an additional 5,222 shares during the period. Fox Run Management acquired a new position in Cisco Systems during the fourth quarter valued at about $440,000. Finally, Iowa State Bank boosted its position in Cisco Systems by 1.2% in the fourth quarter. Iowa State Bank now owns 143,672 shares of the network equipment provider’s stock valued at $3,901,000 after buying an additional 1,717 shares during the period.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) traded up 0.527% during midday trading on Wednesday, hitting $23.845. The stock had a trading volume of 7,717,384 shares. The firm has a market cap of $121.04 billion and a price-to-earnings ratio of 12.684. Cisco Systems, Inc. has a 52-week low of $22.47 and a 52-week high of $30.31. The firm’s 50 day moving average price is $25.78 and its 200 day moving average price is $26.98.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Thursday, November 12th. The network equipment provider reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The business earned $12.68 billion during the quarter, compared to analysts’ expectations of $12.65 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. Cisco Systems’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities research analysts expect that Cisco Systems, Inc. will post $2.27 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 20th. Investors of record on Wednesday, January 6th were paid a $0.21 dividend. The ex-dividend date was Monday, January 4th. This represents a $0.84 annualized dividend and a dividend yield of 3.54%.

Several equities analysts have recently issued reports on CSCO shares. Deutsche Bank boosted their target price on Cisco Systems to $16.00 in a research note on Friday, November 13th. SunTrust dropped their price target on Cisco Systems from $34.00 to $32.00 in a research report on Friday, November 13th. Drexel Hamilton restated a “buy” rating and set a $35.00 price target on shares of Cisco Systems in a research report on Tuesday, November 10th. Vetr lowered Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $31.00 price target on the stock. in a research report on Monday, October 26th. Finally, Piper Jaffray restated a “buy” rating and set a $34.00 price target on shares of Cisco Systems in a research report on Wednesday, October 21st. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Cisco Systems presently has a consensus rating of “Buy” and a consensus target price of $32.24.

In other Cisco Systems news, CMO Karen Walker sold 31,878 shares of the business’s stock in a transaction that occurred on Wednesday, November 18th. The stock was sold at an average price of $27.00, for a total transaction of $860,706.00. Following the completion of the sale, the chief marketing officer now directly owns 197,750 shares in the company, valued at approximately $5,339,250. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Charles Robbins sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, November 19th. The stock was sold at an average price of $27.14, for a total value of $162,840.00. Following the sale, the chief executive officer now owns 498,180 shares of the company’s stock, valued at $13,520,605.20. The disclosure for this sale can be found here.

Cisco System, Inc. (NASDAQ:CSCO) designs and sells lines of products, provides services and delivers integrated solutions to develop and connect networks around the world, building the Internet. The Company is engaged in designing, manufacturing and selling Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use. The Company operates its business through three segments: The Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific, Japan, and China (APJC). It groups its products and technologies into the various categories, such as Switching, Next-Generation Network (NGN) Routing, Collaboration, Service Provider Video, Data Center, Wireless, Security, and Other Products. In addition to its product offerings, it provides a range of service offerings, including technical support services and advanced services.

12 Month Chart for NASDAQ:CSCO

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