Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Diversified LLC

Diversified LLC lowered its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 8,757 shares of the network equipment provider’s stock after selling 334 shares during the quarter. Diversified LLC’s holdings in Cisco Systems were worth $442,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealthspire Advisors LLC lifted its holdings in shares of Cisco Systems by 48.1% in the 3rd quarter. Wealthspire Advisors LLC now owns 71,385 shares of the network equipment provider’s stock valued at $3,838,000 after buying an additional 23,194 shares during the period. HBK Sorce Advisory LLC lifted its holdings in shares of Cisco Systems by 0.5% in the 3rd quarter. HBK Sorce Advisory LLC now owns 64,136 shares of the network equipment provider’s stock valued at $3,448,000 after buying an additional 301 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Cisco Systems in the 4th quarter valued at about $28,685,000. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Cisco Systems by 1.1% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 4,470,521 shares of the network equipment provider’s stock valued at $240,335,000 after buying an additional 49,700 shares during the period. Finally, Allen Mooney & Barnes Investment Advisors LLC lifted its holdings in shares of Cisco Systems by 0.6% in the 4th quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 192,674 shares of the network equipment provider’s stock valued at $9,734,000 after buying an additional 1,097 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Activity at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total value of $150,130.02. Following the transaction, the executive vice president now owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total value of $150,130.02. Following the transaction, the executive vice president now owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the transaction, the senior vice president now directly owns 58,121 shares in the company, valued at approximately $2,906,050. The disclosure for this sale can be found here. Insiders have sold 19,441 shares of company stock valued at $972,080 over the last quarter. 0.02% of the stock is owned by insiders.

Analysts Set New Price Targets

CSCO has been the subject of several recent analyst reports. Barclays lifted their price target on Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Morgan Stanley started coverage on Cisco Systems in a research note on Tuesday, April 9th. They set an “overweight” rating and a $58.00 price objective for the company. UBS Group boosted their price objective on Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Bank of America upgraded Cisco Systems from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $55.00 to $60.00 in a research note on Monday, April 15th. Finally, JPMorgan Chase & Co. started coverage on Cisco Systems in a research note on Monday. They set a “neutral” rating and a $53.00 price objective for the company. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $55.53.

Cisco Systems Trading Down 0.1 %

NASDAQ:CSCO traded down $0.03 during trading hours on Monday, reaching $48.29. 5,437,574 shares of the stock were exchanged, compared to its average volume of 19,326,354. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average of $49.07 and a two-hundred day moving average of $50.20. Cisco Systems, Inc. has a twelve month low of $45.56 and a twelve month high of $58.19. The company has a market capitalization of $195.54 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 2.77 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The business had revenue of $12.79 billion for the quarter, compared to analyst estimates of $12.71 billion. During the same quarter in the prior year, the company earned $0.76 earnings per share. The company’s revenue was down 5.9% on a year-over-year basis. On average, equities analysts predict that Cisco Systems, Inc. will post 3.14 EPS for the current year.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.31%. The ex-dividend date is Wednesday, April 3rd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio is 48.63%.

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.