Executive Wealth Management LLC Has $345,000 Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Executive Wealth Management LLC lessened its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 95.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 6,473 shares of the network equipment provider’s stock after selling 145,008 shares during the quarter. Executive Wealth Management LLC’s holdings in Cisco Systems were worth $345,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Lantz Financial LLC boosted its position in Cisco Systems by 1.2% during the second quarter. Lantz Financial LLC now owns 60,993 shares of the network equipment provider’s stock valued at $2,898,000 after purchasing an additional 736 shares during the last quarter. ORG Partners LLC increased its position in Cisco Systems by 5,313.7% in the 2nd quarter. ORG Partners LLC now owns 9,095 shares of the network equipment provider’s stock worth $432,000 after purchasing an additional 8,927 shares during the last quarter. PGGM Investments raised its stake in shares of Cisco Systems by 6.3% during the 2nd quarter. PGGM Investments now owns 44,698 shares of the network equipment provider’s stock worth $2,124,000 after purchasing an additional 2,641 shares in the last quarter. Corundum Group Inc. lifted its holdings in shares of Cisco Systems by 44.1% during the 2nd quarter. Corundum Group Inc. now owns 28,575 shares of the network equipment provider’s stock valued at $1,358,000 after buying an additional 8,745 shares during the last quarter. Finally, Red Door Wealth Management LLC grew its stake in shares of Cisco Systems by 7.4% in the 2nd quarter. Red Door Wealth Management LLC now owns 128,506 shares of the network equipment provider’s stock valued at $6,105,000 after buying an additional 8,862 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $58.72 on Wednesday. The firm’s 50-day moving average is $56.65 and its 200-day moving average is $51.05. The company has a market cap of $233.87 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 4.39 and a beta of 0.85. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $60.23.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The firm had revenue of $13.84 billion during the quarter, compared to analysts’ expectations of $13.78 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. Equities research analysts anticipate that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.72%. Cisco Systems’s dividend payout ratio is currently 68.67%.

Analysts Set New Price Targets

CSCO has been the subject of several recent research reports. Bank of America boosted their target price on shares of Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Wells Fargo & Company increased their target price on shares of Cisco Systems from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Jefferies Financial Group cut their target price on Cisco Systems from $56.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Barclays upped their price target on Cisco Systems from $49.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Finally, Morgan Stanley raised their price objective on Cisco Systems from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and a consensus price target of $59.94.

Insider Buying and Selling at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 1,328 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $48.92, for a total value of $64,965.76. Following the sale, the executive vice president now owns 132,910 shares of the company’s stock, valued at approximately $6,501,957.20. This represents a 0.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Robbins sold 171,744 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $9,873,562.56. Following the sale, the chief executive officer now owns 783,786 shares of the company’s stock, valued at $45,059,857.14. This trade represents a 17.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 351,860 shares of company stock valued at $20,231,558 in the last 90 days. 0.01% of the stock is currently owned by company insiders.

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.