Lau Associates maintained its stake in Cisco Systems, Inc. (NASDAQ:CSCO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The hedge fund owned 10,416 shares of the network equipment provider’s stock at the end of the fourth quarter. Lau Associates’ holdings in Cisco Systems were worth $283,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CSCO. Lowe FS boosted its position in Cisco Systems by 714.3% in the third quarter. Lowe FS now owns 570 shares of the network equipment provider’s stock worth $15,000 after buying an additional 500 shares during the period. Loge Solutions bought a new position in shares of Cisco Systems during the third quarter valued at $236,000. Kistler-Tiffany Companies boosted its position in shares of Cisco Systems by 34.9% in the fourth quarter. Kistler-Tiffany Companies now owns 10,567 shares of the network equipment provider’s stock valued at $293,000 after buying an additional 2,731 shares during the last quarter. Renaissance Investment Group boosted its position in shares of Cisco Systems by 0.4% in the fourth quarter. Renaissance Investment Group now owns 17,777 shares of the network equipment provider’s stock valued at $483,000 after buying an additional 77 shares during the last quarter. Finally, Palo Capital bought a new position in shares of Cisco Systems during the third quarter valued at $494,000.

Cisco Systems, Inc. (NASDAQ:CSCO) traded up 2.05% during trading on Friday, reaching $23.37. 55,049,038 shares of the company traded hands. The firm’s 50 day moving average price is $26.03 and its 200 day moving average price is $27.03. The firm has a market capitalization of $118.63 billion and a price-to-earnings ratio of 12.43. Cisco Systems, Inc. has a 12-month low of $22.47 and a 12-month high of $30.31.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 20th. Stockholders of record on Wednesday, January 6th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, January 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.59%.

CSCO has been the subject of several analyst reports. Deutsche Bank restated a “buy” rating on shares of Cisco Systems in a report on Tuesday, September 29th. Citigroup Inc. initiated coverage on Cisco Systems in a report on Tuesday, October 6th. They issued a “buy” rating and a $30.00 price objective for the company. Drexel Hamilton initiated coverage on Cisco Systems in a report on Friday, October 9th. They issued a “buy” rating and a $35.00 price objective for the company. Barclays initiated coverage on Cisco Systems in a report on Wednesday, October 14th. They issued an “overweight” rating and a $32.00 price objective for the company. Finally, Vetr cut Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $31.61 price objective for the company. in a report on Monday, October 19th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $32.24.

In other news, EVP Chris Dedicoat sold 67,640 shares of Cisco Systems stock in a transaction that occurred on Friday, December 18th. The shares were sold at an average price of $26.36, for a total value of $1,782,990.40. Following the completion of the sale, the executive vice president now directly owns 378,053 shares in the company, valued at $9,965,477.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles Robbins sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, November 19th. The shares were sold at an average price of $27.14, for a total transaction 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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