Venture Visionary Partners LLC Decreases Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Venture Visionary Partners LLC cut its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,002 shares of the network equipment provider’s stock after selling 2,934 shares during the period. Venture Visionary Partners LLC’s holdings in Cisco Systems were worth $9,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. AdvisorNet Financial Inc grew its stake in Cisco Systems by 19.1% in the first quarter. AdvisorNet Financial Inc now owns 16,034 shares of the network equipment provider’s stock worth $800,000 after purchasing an additional 2,577 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Cisco Systems during the 1st quarter valued at $3,344,000. CGN Advisors LLC raised its stake in Cisco Systems by 5.2% in the 1st quarter. CGN Advisors LLC now owns 62,176 shares of the network equipment provider’s stock worth $3,103,000 after acquiring an additional 3,083 shares during the last quarter. Strategic Planning Group LLC raised its stake in Cisco Systems by 23.5% in the 1st quarter. Strategic Planning Group LLC now owns 77,098 shares of the network equipment provider’s stock worth $3,848,000 after acquiring an additional 14,669 shares during the last quarter. Finally, Austin Private Wealth LLC raised its stake in Cisco Systems by 6.1% in the 1st quarter. Austin Private Wealth LLC now owns 7,657 shares of the network equipment provider’s stock worth $373,000 after acquiring an additional 440 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Analyst Upgrades and Downgrades

CSCO has been the topic of several analyst reports. Rosenblatt Securities increased 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. Hsbc Global Res upgraded Cisco Systems to a “strong-buy” rating in a report on Friday, August 16th. New Street Research raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Thursday, August 15th. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research note on Thursday, August 15th. Finally, Tigress Financial raised their target price on shares of Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $56.74.

Insider Activity at Cisco Systems

In related news, CEO Charles Robbins sold 27,143 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $49.45, for a total value of $1,342,221.35. Following the completion of the sale, the chief executive officer now directly owns 683,403 shares of the company’s stock, valued at $33,794,278.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Charles Robbins sold 27,143 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $49.45, for a total value of $1,342,221.35. Following the completion of the sale, the chief executive officer now directly owns 683,403 shares of the company’s stock, valued at approximately $33,794,278.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Maria Victoria Wong sold 3,379 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $50.36, for a total transaction of $170,166.44. Following the completion of the sale, the senior vice president now directly owns 47,182 shares of the company’s stock, valued at $2,376,085.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,529 shares of company stock valued at $3,509,049 over the last ninety days. Insiders own 0.02% of the company’s stock.

Cisco Systems Stock Down 0.3 %

Shares of NASDAQ:CSCO traded down $0.17 during trading on Monday, hitting $56.59. The company’s stock had a trading volume of 13,496,104 shares, compared to its average volume of 19,153,734. The business has a 50 day moving average price of $51.17 and a two-hundred day moving average price of $48.60. The company has a market capitalization of $227.99 billion, a PE ratio of 19.11, a P/E/G ratio of 4.22 and a beta of 0.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.83 and a current ratio of 0.91. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $57.06.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.85 by $0.02. The business had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.53 billion. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The company’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.01 earnings per share. As a group, research analysts expect that Cisco Systems, Inc. will post 2.9 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.83%. Cisco Systems’s payout ratio is currently 53.87%.

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.