V Wealth Advisors LLC Lowers Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

V Wealth Advisors LLC lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 5.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,675 shares of the network equipment provider’s stock after selling 2,588 shares during the quarter. V Wealth Advisors LLC’s holdings in Cisco Systems were worth $1,827,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. WealthShield Partners LLC lifted its position in shares of Cisco Systems by 8.8% during the third quarter. WealthShield Partners LLC now owns 29,653 shares of the network equipment provider’s stock worth $1,186,000 after purchasing an additional 2,399 shares in the last quarter. TRUE Private Wealth Advisors raised its holdings in Cisco Systems by 20.7% in the third quarter. TRUE Private Wealth Advisors now owns 20,230 shares of the network equipment provider’s stock valued at $809,000 after acquiring an additional 3,466 shares in the last quarter. Total Clarity Wealth Management Inc. raised its holdings in Cisco Systems by 2.9% in the third quarter. Total Clarity Wealth Management Inc. now owns 9,116 shares of the network equipment provider’s stock valued at $365,000 after acquiring an additional 258 shares in the last quarter. XML Financial LLC raised its holdings in Cisco Systems by 650.9% in the third quarter. XML Financial LLC now owns 196,588 shares of the network equipment provider’s stock valued at $7,864,000 after acquiring an additional 170,407 shares in the last quarter. Finally, Reuter James Wealth Management LLC raised its holdings in Cisco Systems by 35.5% in the third quarter. Reuter James Wealth Management LLC now owns 14,422 shares of the network equipment provider’s stock valued at $577,000 after acquiring an additional 3,778 shares in the last quarter. Hedge funds and other institutional investors own 71.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CSCO. Oppenheimer reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Cisco Systems in a report on Friday, November 18th. Credit Suisse Group raised their target price on shares of Cisco Systems from $65.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, November 17th. Cowen boosted their price objective on shares of Cisco Systems from $60.00 to $61.00 and gave the stock an “outperform” rating in a research report on Thursday, November 17th. Bank of America reaffirmed a “buy” rating and issued a $52.00 target price on shares of Cisco Systems in a research report on Wednesday, November 16th. Finally, Rosenblatt Securities reduced their price target on shares of Cisco Systems from $53.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and an average price target of $53.95.

Insider Activity

In other news, CFO Richard Scott Herren sold 98,342 shares of the firm’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $50.03, for a total value of $4,920,050.26. Following the completion of the sale, the chief financial officer now directly owns 304,048 shares of the company’s stock, valued at approximately $15,211,521.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Jeffery S. Sharritts sold 14,830 shares of Cisco Systems stock in a transaction on Monday, November 21st. The stock was sold at an average price of $47.80, for a total transaction of $708,874.00. Following the completion of the transaction, the executive vice president now directly owns 277,751 shares of the company’s stock, valued at $13,276,497.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Richard Scott Herren sold 98,342 shares of Cisco Systems stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $50.03, for a total value of $4,920,050.26. Following the transaction, the chief financial officer now directly owns 304,048 shares of the company’s stock, valued at $15,211,521.44. The disclosure for this sale can be found here. Insiders sold 243,098 shares of company stock valued at $11,939,277 in the last three months. 0.02% of the stock is currently owned by company insiders.

Cisco Systems Trading Up 0.7 %

NASDAQ CSCO opened at $47.81 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $196.44 billion, a P/E ratio of 17.26, a P/E/G ratio of 2.31 and a beta of 0.99. Cisco Systems, Inc. has a 52-week low of $38.60 and a 52-week high of $57.69. The firm has a 50-day moving average price of $48.07 and a 200 day moving average price of $45.41.

Cisco Systems (NASDAQ:CSCOGet Rating) last issued its earnings results on Wednesday, November 16th. The network equipment provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. The business had revenue of $13.63 billion during the quarter, compared to the consensus estimate of $13.29 billion. Cisco Systems had a return on equity of 31.68% and a net margin of 22.00%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 EPS. Equities research analysts expect that Cisco Systems, Inc. will post 3.16 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Thursday, January 5th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, January 4th. This represents a $1.52 annualized dividend and a dividend yield of 3.18%. Cisco Systems’s dividend payout ratio is currently 54.87%.

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. 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 that are standalone, controller appliance-based, switch-converged, and Meraki cloud-managed offerings; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.

See Also

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

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