Wealth Alliance Cuts Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Wealth Alliance trimmed its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,154 shares of the network equipment provider’s stock after selling 568 shares during the quarter. Wealth Alliance’s holdings in Cisco Systems were worth $1,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of CSCO. Moneta Group Investment Advisors LLC lifted its holdings in shares of Cisco Systems by 112,307.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 59,519,500 shares of the network equipment provider’s stock valued at $2,835,509,000 after buying an additional 59,466,550 shares during the period. Norges Bank bought a new position in shares of Cisco Systems during the 4th quarter valued at $2,028,781,000. Morgan Stanley lifted its holdings in shares of Cisco Systems by 17.4% during the 4th quarter. Morgan Stanley now owns 61,788,267 shares of the network equipment provider’s stock valued at $2,943,593,000 after buying an additional 9,160,347 shares during the period. Barclays PLC raised its holdings in Cisco Systems by 83.6% in the 2nd quarter. Barclays PLC now owns 14,544,909 shares of the network equipment provider’s stock worth $752,554,000 after purchasing an additional 6,621,125 shares during the period. Finally, State Street Corp raised its holdings in Cisco Systems by 2.2% in the 1st quarter. State Street Corp now owns 184,879,450 shares of the network equipment provider’s stock worth $9,664,544,000 after purchasing an additional 4,061,022 shares during the period. 73.33% of the stock is owned by institutional investors.

Cisco Systems Trading Down 0.7 %

Shares of Cisco Systems stock opened at $47.92 on Wednesday. The firm has a market cap of $194.04 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 2.73 and a beta of 0.87. The business has a 50-day moving average price of $49.18 and a 200-day moving average price of $50.32. 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, Inc. has a twelve month low of $45.56 and a twelve month high of $58.19.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. The firm 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 business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 earnings per share. Equities research analysts anticipate that Cisco Systems, Inc. will post 3.19 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.60 annualized dividend and a yield of 3.34%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio (DPR) is currently 48.63%.

Wall Street Analysts Forecast Growth

CSCO has been the topic of a number of recent research reports. UBS Group raised their target price on Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a report on Tuesday, April 9th. 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 Research reaffirmed a “hold” rating and issued a $55.00 target price on shares of Cisco Systems in a report on Monday, January 8th. Finally, StockNews.com cut Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $56.03.

Insider Buying and Selling

In related news, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems stock in a transaction dated 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 transaction, the senior vice president now owns 58,121 shares in the company, valued at $2,906,050. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the sale, the chief financial officer now owns 328,491 shares of the company’s stock, valued at $16,424,550. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was 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 directly owns 58,121 shares of the company’s stock, valued at approximately $2,906,050. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,441 shares of company stock worth $972,080. Corporate insiders own 0.02% of the company’s stock.

Cisco Systems 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.