Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC lowered its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 19.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,688 shares of the network equipment provider’s stock after selling 1,412 shares during the period. Larson Financial Group LLC’s holdings in Cisco Systems were worth $287,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSCO. Kathleen S. Wright Associates Inc. purchased a new stake in Cisco Systems during the 3rd quarter worth about $27,000. Valued Wealth Advisors LLC purchased a new stake in Cisco Systems during the 4th quarter worth about $32,000. Morton Brown Family Wealth LLC boosted its position in shares of Cisco Systems by 41.9% during the 4th quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock worth $36,000 after acquiring an additional 208 shares in the last quarter. Bourgeon Capital Management LLC boosted its position in shares of Cisco Systems by 3,500.0% during the 4th quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock worth $36,000 after acquiring an additional 700 shares in the last quarter. Finally, Rakuten Securities Inc. acquired a new position in shares of Cisco Systems during the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the sale, the chief financial officer now owns 328,491 shares in the company, valued at approximately $16,424,550. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Deborah L. Stahlkopf sold 3,002 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the sale, the executive vice president now owns 191,559 shares in the company, valued at $9,579,865.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the sale, the chief financial officer now owns 328,491 shares in the company, valued at approximately $16,424,550. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,441 shares of company stock worth $972,080. 0.02% of the stock is owned by insiders.

Cisco Systems Stock Up 0.4 %

Cisco Systems stock opened at $48.32 on Wednesday. Cisco Systems, Inc. has a twelve month low of $45.56 and a twelve month high of $58.19. The stock has a 50 day moving average of $49.01 and a two-hundred day moving average of $50.13. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $195.66 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 2.78 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The business had revenue of $12.79 billion during the quarter, compared to the consensus estimate of $12.71 billion. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. As a group, research analysts expect that Cisco Systems, Inc. will post 3.13 earnings per share for the current year.

Cisco Systems Increases Dividend

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Melius cut Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Melius Research reaffirmed a “hold” rating and set a $55.00 price objective on shares of Cisco Systems in a research report on Monday, January 8th. Citigroup assumed coverage on Cisco Systems in a research report on Friday, April 12th. They set a “neutral” rating and a $52.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on Cisco Systems in a research report on Monday. They set a “neutral” rating and a $53.00 price objective for the company. Finally, Morgan Stanley began coverage on Cisco Systems in a research report on Tuesday, April 9th. They set an “overweight” rating and a $58.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $55.53.

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.