Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Key Client Fiduciary Advisors LLC

Key Client Fiduciary Advisors LLC reduced its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,761 shares of the network equipment provider’s stock after selling 413 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in Cisco Systems were worth $443,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Capital Asset Advisory Services LLC increased its holdings in Cisco Systems by 4.6% during the 4th quarter. Capital Asset Advisory Services LLC now owns 56,972 shares of the network equipment provider’s stock worth $2,878,000 after purchasing an additional 2,501 shares during the last quarter. Ridgecrest Wealth Partners LLC increased its holdings in shares of Cisco Systems by 1.5% in the 4th quarter. Ridgecrest Wealth Partners LLC now owns 26,996 shares of the network equipment provider’s stock valued at $1,364,000 after acquiring an additional 393 shares during the last quarter. Aua Capital Management LLC bought a new stake in shares of Cisco Systems in the 4th quarter valued at approximately $243,000. Abner Herrman & Brock LLC increased its holdings in shares of Cisco Systems by 24.1% in the 4th quarter. Abner Herrman & Brock LLC now owns 5,144 shares of the network equipment provider’s stock valued at $260,000 after acquiring an additional 998 shares during the last quarter. Finally, Central Bank & Trust Co. increased its holdings in shares of Cisco Systems by 91.5% in the 4th quarter. Central Bank & Trust Co. now owns 21,952 shares of the network equipment provider’s stock valued at $1,109,000 after acquiring an additional 10,488 shares during the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Stock Down 1.7 %

Shares of Cisco Systems stock opened at $48.93 on Friday. The stock has a 50-day moving average price of $49.89 and a 200 day moving average price of $51.36. The company has a market cap of $198.13 billion, a P/E ratio of 14.87, a P/E/G ratio of 2.26 and a beta of 0.87. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14. Cisco Systems, Inc. has a 1 year low of $45.56 and a 1 year high of $58.19.

Cisco Systems (NASDAQ:CSCOGet Free Report) last posted its quarterly earnings results 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 company had revenue of $12.79 billion during the quarter, compared to the consensus estimate of $12.71 billion. During the same period last year, the business earned $0.76 EPS. The business’s quarterly revenue was down 5.9% on a year-over-year basis. As a group, analysts expect that Cisco Systems, Inc. will post 3.17 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th will be issued a dividend of $0.40 per share. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, April 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.27%. Cisco Systems’s dividend payout ratio is currently 47.42%.

Insider Activity

In other news, CFO Richard Scott Herren sold 13,942 shares of the 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 transaction, the chief financial officer now owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $16,424,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the completion of the sale, the executive vice president now directly owns 191,559 shares in the company, valued at approximately $9,579,865.59. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,762 shares of company stock valued at $6,290,256. Insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CSCO shares. Barclays boosted their price objective on Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Melius downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. StockNews.com downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Wells Fargo & Company assumed coverage on Cisco Systems in a research note on Thursday, February 15th. They set an “equal weight” rating and a $52.00 price objective for the company. Finally, Melius Research restated a “hold” rating and set a $55.00 price objective on shares of Cisco Systems in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $56.36.

View Our Latest Stock Analysis on Cisco Systems

Cisco Systems Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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