Cisco Systems, Inc. (NASDAQ:CSCO) Stake Lowered by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC decreased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 79.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,283 shares of the network equipment provider’s stock after selling 313,579 shares during the period. Orion Portfolio Solutions LLC’s holdings in Cisco Systems were worth $4,202,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Team Hewins LLC acquired a new position in shares of Cisco Systems during the fourth quarter valued at $1,142,000. Cypress Asset Management Inc. TX bought a new position in Cisco Systems in the 4th quarter worth about $381,000. BayBridge Capital Group LLC acquired a new stake in shares of Cisco Systems in the fourth quarter valued at approximately $420,000. TCW Group Inc. boosted its position in shares of Cisco Systems by 13.0% during the fourth quarter. TCW Group Inc. now owns 476,520 shares of the network equipment provider’s stock worth $24,071,000 after buying an additional 54,864 shares during the period. Finally, SageView Advisory Group LLC grew its holdings in Cisco Systems by 24.4% in the 4th quarter. SageView Advisory Group LLC now owns 109,858 shares of the network equipment provider’s stock worth $5,739,000 after buying an additional 21,579 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Stock Down 0.4 %

CSCO stock opened at $46.42 on Monday. The company’s 50 day simple moving average is $48.40 and its 200-day simple moving average is $49.27. Cisco Systems, Inc. has a 52-week low of $46.20 and a 52-week high of $58.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.89 and a quick ratio of 0.82. The firm has a market capitalization of $187.02 billion, a P/E ratio of 15.63, a P/E/G ratio of 2.70 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. The company had revenue of $12.70 billion during the quarter, compared to analyst estimates of $12.53 billion. During the same quarter in the prior year, the company earned $0.88 earnings per share. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. As a group, equities research analysts anticipate that Cisco Systems, Inc. will post 3.13 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Friday, July 5th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, July 5th. This represents a $1.60 annualized dividend and a yield of 3.45%. Cisco Systems’s dividend payout ratio (DPR) is presently 53.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. BNP Paribas upgraded Cisco Systems from an “underperform” rating to a “neutral” rating and set a $50.00 price target for the company in a research report on Monday, May 13th. Barclays increased their target price on shares of Cisco Systems from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, May 17th. JPMorgan Chase & Co. initiated coverage on shares of Cisco Systems in a research report on Monday, April 22nd. They set a “neutral” rating and a $53.00 price target on the stock. UBS Group raised their price objective on shares of Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Finally, Morgan Stanley began coverage on Cisco Systems in a research report on Tuesday, April 9th. They issued an “overweight” rating and a $58.00 target price for the company. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.47.

Insider Activity

In related news, EVP Deborah L. Stahlkopf sold 8,016 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $48.24, for a total transaction of $386,691.84. Following the transaction, the executive vice president now directly owns 180,705 shares of the company’s stock, valued at $8,717,209.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Richard Scott Herren sold 13,942 shares of Cisco Systems stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the completion of the sale, the chief financial officer now directly owns 328,491 shares in the company, valued at approximately $16,424,550. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Deborah L. Stahlkopf sold 8,016 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $48.24, for a total value of $386,691.84. Following the completion of the transaction, the executive vice president now owns 180,705 shares in the company, valued at approximately $8,717,209.20. The disclosure for this sale can be found here. Insiders have sold 27,457 shares of company stock worth $1,358,772 in the last 90 days. Company insiders own 0.02% of the company’s stock.

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.