Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Steph & Co.

Steph & Co. lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,841 shares of the network equipment provider’s stock after selling 584 shares during the quarter. Steph & Co.’s holdings in Cisco Systems were worth $819,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Flywheel Private Wealth LLC purchased a new stake in Cisco Systems in the fourth quarter valued at $1,020,000. Smith Thornton Advisors LLC increased its position in shares of Cisco Systems by 9.2% during the fourth quarter. Smith Thornton Advisors LLC now owns 10,682 shares of the network equipment provider’s stock worth $632,000 after purchasing an additional 897 shares in the last quarter. Contravisory Investment Management Inc. purchased a new stake in shares of Cisco Systems in the 4th quarter valued at about $496,000. Outlook Wealth Advisors LLC acquired a new stake in shares of Cisco Systems in the 4th quarter valued at about $774,000. Finally, Connective Portfolio Management LLC purchased a new position in Cisco Systems during the 4th quarter worth approximately $2,229,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Trading Up 1.1 %

Shares of CSCO opened at $59.98 on Thursday. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $60.34. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $238.89 billion, a P/E ratio of 25.74, a PEG ratio of 4.37 and a beta of 0.84. The firm’s 50-day moving average is $58.79 and its two-hundred day moving average is $53.34.

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

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.67%. Cisco Systems’s dividend payout ratio is presently 68.67%.

Analyst Ratings Changes

CSCO has been the subject of a number of research reports. Bank of America boosted their price objective on Cisco Systems from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. UBS Group increased their price target on shares of Cisco Systems from $55.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Wells Fargo & Company lifted their price objective on shares of Cisco Systems from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Evercore ISI increased their target price on shares of Cisco Systems from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Finally, Tigress Financial boosted their price target on Cisco Systems from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.28.

Insider Activity at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 586 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $58.69, for a total transaction of $34,392.34. Following the sale, the senior vice president now owns 50,767 shares in the company, valued at approximately $2,979,515.23. This represents a 1.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kristina M. Johnson sold 7,500 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $59.87, for a total value of $449,025.00. Following the completion of the transaction, the director now directly owns 65,915 shares of the company’s stock, valued at approximately $3,946,331.05. This trade represents a 10.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 353,522 shares of company stock valued at $20,349,721. 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.