Apollon Wealth Management LLC Acquires 42,045 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Apollon Wealth Management LLC increased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 36.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 157,210 shares of the network equipment provider’s stock after purchasing an additional 42,045 shares during the quarter. Apollon Wealth Management LLC’s holdings in Cisco Systems were worth $7,942,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Waddell & Associates LLC lifted its stake in shares of Cisco Systems by 0.8% in the 3rd quarter. Waddell & Associates LLC now owns 24,693 shares of the network equipment provider’s stock worth $1,328,000 after purchasing an additional 191 shares during the period. Sax Wealth Advisors LLC raised its position in Cisco Systems by 3.6% in the third quarter. Sax Wealth Advisors LLC now owns 5,686 shares of the network equipment provider’s stock worth $306,000 after acquiring an additional 196 shares during the period. Winch Advisory Services LLC boosted its stake in shares of Cisco Systems by 19.3% during the 3rd quarter. Winch Advisory Services LLC now owns 1,232 shares of the network equipment provider’s stock worth $66,000 after acquiring an additional 199 shares during the last quarter. Gill Capital Partners LLC grew its position in shares of Cisco Systems by 5.2% during the 3rd quarter. Gill Capital Partners LLC now owns 4,155 shares of the network equipment provider’s stock valued at $223,000 after acquiring an additional 207 shares during the period. Finally, Madrona Financial Services LLC raised its holdings in Cisco Systems by 2.4% in the 4th quarter. Madrona Financial Services LLC now owns 8,970 shares of the network equipment provider’s stock worth $453,000 after purchasing an additional 207 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

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

Analyst Ratings Changes

A number of analysts have commented on CSCO shares. Deutsche Bank Aktiengesellschaft upped their price target on Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, April 9th. Citigroup began coverage on shares of Cisco Systems in a report on Friday, April 12th. They set a “neutral” rating and a $52.00 price target on the stock. Bank of America raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $55.00 to $60.00 in a research note on Monday, April 15th. Melius Research restated a “hold” rating and set a $55.00 target price on shares of Cisco Systems in a research note on Monday, January 8th. Finally, Wells Fargo & Company initiated coverage on Cisco Systems in a research note on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $55.53.

Cisco Systems Price Performance

Shares of NASDAQ CSCO traded up $0.17 during midday trading on Tuesday, reaching $47.28. 13,974,175 shares of the stock traded hands, compared to its average volume of 19,064,670. The company’s 50 day moving average is $48.77 and its 200 day moving average is $49.73. Cisco Systems, Inc. has a one year low of $45.70 and a one year high of $58.19. The stock has a market capitalization of $191.45 billion, a PE ratio of 14.40, a P/E/G ratio of 2.72 and a beta of 0.87. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26.

Cisco Systems (NASDAQ:CSCO) last released 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 during the quarter, compared to analyst estimates of $12.71 billion. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The firm’s revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.76 earnings per share. On average, equities research analysts anticipate that Cisco Systems, Inc. will post 3.13 earnings per share for the current year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Thursday, April 4th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a yield of 3.38%. Cisco Systems’s dividend payout ratio (DPR) is currently 48.63%.

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.