Mutual Advisors LLC Has $12.81 Million Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Mutual Advisors LLC cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 228,910 shares of the network equipment provider’s stock after selling 8,937 shares during the period. Mutual Advisors LLC’s holdings in Cisco Systems were worth $12,810,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the business. Adell Harriman & Carpenter Inc. grew its position in Cisco Systems by 6.4% in the third quarter. Adell Harriman & Carpenter Inc. now owns 193,806 shares of the network equipment provider’s stock valued at $10,314,000 after acquiring an additional 11,657 shares during the period. Avitas Wealth Management LLC raised its stake in shares of Cisco Systems by 1.4% in the third quarter. Avitas Wealth Management LLC now owns 36,963 shares of the network equipment provider’s stock valued at $1,967,000 after acquiring an additional 518 shares during the last quarter. Nicholas Hoffman & Company LLC. raised its holdings in Cisco Systems by 2.6% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 33,858 shares of the network equipment provider’s stock worth $1,802,000 after purchasing an additional 847 shares during the last quarter. Fidelis Capital Partners LLC boosted its stake in Cisco Systems by 7.6% in the third quarter. Fidelis Capital Partners LLC now owns 63,799 shares of the network equipment provider’s stock valued at $3,591,000 after acquiring an additional 4,510 shares during the last quarter. Finally, Valmark Advisers Inc. grew its stake in shares of Cisco Systems by 3.0% during the third quarter. Valmark Advisers Inc. now owns 42,090 shares of the network equipment provider’s stock worth $2,240,000 after purchasing an additional 1,227 shares during the period. 73.33% of the stock is owned by institutional investors.

Cisco Systems Trading Up 0.7 %

NASDAQ CSCO opened at $55.68 on Wednesday. The company has a market cap of $222.20 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 4.22 and a beta of 0.83. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $57.06. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 0.43. The business’s fifty day moving average is $52.34 and its 200 day moving average is $48.95.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The business had revenue of $13.64 billion during the quarter, compared to analyst estimates of $13.53 billion. During the same quarter last year, the business earned $1.01 EPS. The firm’s quarterly revenue was down 10.3% on a year-over-year basis. As a group, sell-side analysts expect that Cisco Systems, Inc. will post 2.9 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.87%. The ex-dividend date was Wednesday, October 2nd. Cisco Systems’s payout ratio is presently 62.99%.

Analysts Set New Price Targets

CSCO has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a report on Thursday, August 15th. Citigroup upgraded Cisco Systems from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $52.00 to $62.00 in a research note on Wednesday, October 16th. HSBC upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and increased their price target for the company from $46.00 to $58.00 in a research note on Friday, August 16th. Rosenblatt Securities boosted their price target on Cisco Systems from $56.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Finally, Evercore ISI increased their price target on Cisco Systems from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $56.74.

Insider Activity at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 7,462 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $49.41, for a total transaction of $368,697.42. Following the completion of the sale, the executive vice president now directly owns 165,580 shares in the company, valued at $8,181,307.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 7,462 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $49.41, for a total value of $368,697.42. Following the transaction, the executive vice president now directly owns 165,580 shares of the company’s stock, valued at approximately $8,181,307.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thimaya K. Subaiya sold 1,328 shares of Cisco Systems stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $48.92, for a total transaction of $64,965.76. Following the completion of the sale, the executive vice president now owns 132,910 shares of the company’s stock, valued at $6,501,957.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 70,529 shares of company stock worth $3,509,049 over the last ninety days. Insiders own 0.01% of the company’s stock.

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.