Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by American Capital Advisory LLC

American Capital Advisory LLC lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 39,999 shares of the network equipment provider’s stock after selling 803 shares during the period. Cisco Systems accounts for about 1.3% of American Capital Advisory LLC’s portfolio, making the stock its 14th largest position. American Capital Advisory LLC’s holdings in Cisco Systems were worth $2,368,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CSCO. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in shares of Cisco Systems by 5.0% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 5,382 shares of the network equipment provider’s stock valued at $286,000 after buying an additional 258 shares during the last quarter. Quotient Wealth Partners LLC grew its stake in Cisco Systems by 9.1% in the 3rd quarter. Quotient Wealth Partners LLC now owns 8,391 shares of the network equipment provider’s stock worth $447,000 after acquiring an additional 698 shares during the period. LifePro Asset Management acquired a new position in Cisco Systems in the 3rd quarter valued at $539,000. Watts Gwilliam & Co. LLC acquired a new stake in shares of Cisco Systems during the third quarter worth $1,041,000. Finally, Albion Financial Group UT grew its position in shares of Cisco Systems by 1.1% in the third quarter. Albion Financial Group UT now owns 158,383 shares of the network equipment provider’s stock valued at $8,429,000 after purchasing an additional 1,682 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 58,188 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $3,345,228.12. Following the sale, the executive vice president now owns 219,100 shares in the company, valued at $12,596,059. This represents a 20.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Maria Victoria Wong sold 586 shares of Cisco Systems stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $58.69, for a total value of $34,392.34. Following the completion of the transaction, the senior vice president now owns 50,767 shares of the company’s stock, valued at approximately $2,979,515.23. The trade was a 1.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 353,522 shares of company stock worth $20,349,721 in the last 90 days. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $62.27 on Friday. The company has a 50 day moving average of $59.65 and a two-hundred day moving average of $54.87. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $63.25. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $248.01 billion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 4.51 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $13.78 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. As a group, analysts forecast that Cisco Systems, Inc. will post 2.97 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Friday, January 3rd. Cisco Systems’s dividend payout ratio is currently 68.67%.

Analysts Set New Price Targets

CSCO has been the topic of several recent analyst reports. StockNews.com upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Bank of America raised 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. UBS Group upped their price target on shares of Cisco Systems from $55.00 to $62.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Citigroup lifted their price target on shares of Cisco Systems from $64.00 to $68.00 and gave the company a “buy” rating in a report on Friday, January 17th. Finally, Wells Fargo & Company upped their price objective on Cisco Systems from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.72.

About Cisco Systems

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.