Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. trimmed its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 36.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,805 shares of the network equipment provider’s stock after selling 45,619 shares during the period. Great Valley Advisor Group Inc.’s holdings in Cisco Systems were worth $4,193,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CSCO. China Universal Asset Management Co. Ltd. boosted its position in shares of Cisco Systems by 226.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 26,423 shares of the network equipment provider’s stock worth $1,319,000 after buying an additional 18,339 shares during the period. EntryPoint Capital LLC boosted its holdings in Cisco Systems by 67.1% in the 1st quarter. EntryPoint Capital LLC now owns 1,452 shares of the network equipment provider’s stock worth $72,000 after acquiring an additional 583 shares during the period. 1832 Asset Management L.P. grew its position in Cisco Systems by 87.8% in the first quarter. 1832 Asset Management L.P. now owns 153,514 shares of the network equipment provider’s stock valued at $7,662,000 after acquiring an additional 71,783 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Cisco Systems by 26.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,858,505 shares of the network equipment provider’s stock valued at $691,678,000 after purchasing an additional 2,906,357 shares during the period. Finally, Econ Financial Services Corp purchased a new stake in shares of Cisco Systems during the first quarter valued at approximately $1,067,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Trading Up 1.7 %

Cisco Systems stock opened at $58.55 on Friday. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $59.38. The firm’s 50-day moving average is $55.02 and its 200-day moving average is $50.15. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. The company has a market cap of $233.19 billion, a P/E ratio of 25.13, a PEG ratio of 4.28 and a beta of 0.83.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $13.84 billion for the quarter, compared to analysts’ expectations of $13.78 billion. During the same quarter last year, the company posted $0.98 earnings per share. Cisco Systems’s revenue was down 5.6% on a year-over-year basis. On average, equities analysts expect that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems Announces Dividend

The business 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 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 2.73%. Cisco Systems’s dividend payout ratio is currently 68.67%.

Insider Buying and Selling

In other Cisco Systems news, CEO Charles Robbins sold 171,744 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $57.49, for a total transaction of $9,873,562.56. Following the completion of the transaction, the chief executive officer now directly owns 783,786 shares of the company’s stock, valued at $45,059,857.14. The trade was a 17.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Richard Scott Herren sold 86,351 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $57.49, for a total transaction of $4,964,318.99. Following the completion of the sale, the chief financial officer now owns 365,314 shares in the company, valued at $21,001,901.86. The trade was a 19.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 342,858 shares of company stock worth $19,661,157 in the last three months. 0.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CSCO has been the subject of a number of recent analyst reports. HSBC raised shares of Cisco Systems from a “hold” rating to a “buy” rating and raised their price target for the company from $46.00 to $58.00 in a report on Friday, August 16th. Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research note on Thursday, August 15th. Rosenblatt Securities lifted their target price on Cisco Systems from $56.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. UBS Group increased their price target on Cisco Systems from $55.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Finally, Morgan Stanley lifted their price objective on Cisco Systems from $58.00 to $62.00 and gave the stock an “overweight” 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 issued a strong buy rating to the stock. According to MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and an average price target of $59.94.

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.