Coldstream Capital Management Inc. Purchases 11,139 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Coldstream Capital Management Inc. increased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 6.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 180,538 shares of the network equipment provider’s stock after purchasing an additional 11,139 shares during the period. Coldstream Capital Management Inc.’s holdings in Cisco Systems were worth $9,650,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CSCO. Lantz Financial LLC increased its holdings in shares of Cisco Systems by 1.2% during the 2nd quarter. Lantz Financial LLC now owns 60,993 shares of the network equipment provider’s stock worth $2,898,000 after purchasing an additional 736 shares during the period. Maia Wealth LLC bought a new stake in shares of Cisco Systems in the 2nd quarter worth approximately $306,000. ORG Partners LLC grew its holdings in shares of Cisco Systems by 5,313.7% during 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 in the last quarter. PGGM Investments increased its position in shares of Cisco Systems by 6.3% during the second quarter. PGGM Investments now owns 44,698 shares of the network equipment provider’s stock valued at $2,124,000 after purchasing an additional 2,641 shares during the period. Finally, TruWealth Advisors LLC lifted its position in Cisco Systems by 87.5% in the second quarter. TruWealth Advisors LLC now owns 416,356 shares of the network equipment provider’s stock worth $19,781,000 after purchasing an additional 194,267 shares during the period. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Trading Down 1.6 %

Shares of CSCO opened at $58.95 on Tuesday. The stock’s fifty day simple moving average is $56.65 and its 200-day simple moving average is $51.05. The firm has a market capitalization of $234.78 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 4.46 and a beta of 0.85. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $60.23. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43.

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

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Friday, January 3rd. Cisco Systems’s dividend payout ratio is presently 68.67%.

Insider Buying and Selling at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 1,328 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 132,910 shares in the company, valued at approximately $6,501,957.20. The trade was a 0.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 638 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $49.09, for a total transaction of $31,319.42. Following the completion of the sale, the senior vice president now directly owns 46,017 shares of the company’s stock, valued at $2,258,974.53. The trade was a 1.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 351,860 shares of company stock worth $20,231,558. Insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Cisco Systems from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Evercore ISI boosted 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. JPMorgan Chase & Co. raised Cisco Systems from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $55.00 to $66.00 in a report on Monday, November 11th. StockNews.com raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, Citigroup lifted their price target on shares of Cisco Systems from $62.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $59.94.

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.