Capital Advisors Ltd. LLC Reduces Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Capital Advisors Ltd. LLC trimmed its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) by 43.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 4,734 shares of the network equipment provider’s stock after selling 3,637 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Cisco Systems were worth $264,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CSCO. Emerald Advisers LLC bought a new stake in shares of Cisco Systems in the 4th quarter worth about $44,000. Castle Rock Wealth Management LLC lifted its stake in Cisco Systems by 25.1% in the fourth quarter. Castle Rock Wealth Management LLC now owns 5,060 shares of the network equipment provider’s stock worth $287,000 after purchasing an additional 1,015 shares during the last quarter. Valmark Advisers Inc. boosted its position in shares of Cisco Systems by 1.5% during the fourth quarter. Valmark Advisers Inc. now owns 39,441 shares of the network equipment provider’s stock valued at $2,499,000 after buying an additional 588 shares during the period. TrueWealth Advisors LLC purchased a new position in shares of Cisco Systems during the fourth quarter valued at approximately $205,000. Finally, Clarius Group LLC grew its stake in shares of Cisco Systems by 4.1% during the fourth quarter. Clarius Group LLC now owns 42,108 shares of the network equipment provider’s stock valued at $2,668,000 after buying an additional 1,647 shares during the last quarter. Institutional investors own 73.18% of the company’s stock.

Insider Transactions at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 12,717 shares of Cisco Systems stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $43.79, for a total transaction of $556,877.43. Following the completion of the sale, the chief executive officer now directly owns 651,577 shares in the company, valued at approximately $28,532,556.83. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, COO Maria Martinez sold 3,628 shares of Cisco Systems stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $43.34, for a total transaction of $157,237.52. Following the completion of the transaction, the chief operating officer now directly owns 295,305 shares in the company, valued at $12,798,518.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Robbins sold 12,717 shares of the company’s stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $43.79, for a total value of $556,877.43. Following the completion of the sale, the chief executive officer now owns 651,577 shares in the company, valued at approximately $28,532,556.83. The disclosure for this sale can be found here. Insiders sold a total of 25,326 shares of company stock worth $1,103,159 over the last three months. 0.02% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on CSCO. Rosenblatt Securities began coverage on Cisco Systems in a research report on Tuesday, July 12th. They issued a “neutral” rating and a $48.00 price objective on the stock. Jefferies Financial Group decreased their price objective on shares of Cisco Systems from $65.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, May 19th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Cisco Systems from $59.00 to $51.00 and set a “hold” rating on the stock in a research note on Thursday, May 19th. Evercore ISI decreased their price target on shares of Cisco Systems from $62.00 to $50.00 and set an “outperform” rating for the company in a research note on Thursday, May 19th. Finally, Credit Suisse Group dropped their price objective on Cisco Systems from $72.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, May 19th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $54.23.

Cisco Systems Stock Performance

Shares of Cisco Systems stock opened at $45.01 on Friday. The company has a 50 day moving average price of $43.96 and a 200 day moving average price of $49.96. The firm has a market capitalization of $186.38 billion, a P/E ratio of 15.79, a PEG ratio of 2.23 and a beta of 0.97. The company has a quick ratio of 1.40, a current ratio of 1.49 and a debt-to-equity ratio of 0.21. Cisco Systems, Inc. has a 52 week low of $40.82 and a 52 week high of $64.29.

Cisco Systems (NASDAQ:CSCO – Get Rating) last posted its quarterly earnings results on Wednesday, May 18th. The network equipment provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The business had revenue of $12.84 billion during the quarter, compared to analysts’ expectations of $13.33 billion. Cisco Systems had a net margin of 23.28% and a return on equity of 31.22%. During the same quarter last year, the company posted $0.75 earnings per share. Sell-side analysts expect that Cisco Systems, Inc. will post 3 EPS for the current year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 6th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Tuesday, July 5th. Cisco Systems’s dividend payout ratio is presently 53.33%.

Cisco Systems Company Profile

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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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.