SignalPoint Asset Management LLC Has $459,000 Stake in Cisco Systems, Inc. (CSCO)

SignalPoint Asset Management LLC lessened its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 32.3% during the third quarter, HoldingsChannel.com reports. The firm owned 13,676 shares of the network equipment provider’s stock after selling 6,527 shares during the quarter. SignalPoint Asset Management LLC’s holdings in Cisco Systems were worth $459,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. purchased a new position in Cisco Systems during the 2nd quarter valued at about $231,000. Barnett & Company Inc. increased its holdings in Cisco Systems by 1,511.5% during the 2nd quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock valued at $101,000 after purchasing an additional 3,023 shares during the period. Tortoise Investment Management LLC increased its holdings in Cisco Systems by 36.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock valued at $104,000 after purchasing an additional 878 shares during the period. Mountain Capital Investment Advisors Inc purchased a new position in Cisco Systems during the 2nd quarter valued at about $104,000. Finally, Manchester Capital Management LLC increased its holdings in Cisco Systems by 10.7% during the 2nd quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock valued at $113,000 after purchasing an additional 350 shares during the period. Institutional investors own 75.55% of the company’s stock.

A number of brokerages recently issued reports on CSCO. Jefferies Group boosted their price target on Cisco Systems to $40.00 and gave the company a “buy” rating in a report on Thursday, November 16th. Deutsche Bank restated a “buy” rating and set a $45.00 price target (up previously from $40.00) on shares of Cisco Systems in a report on Thursday, November 16th. Bank of America lifted their price objective on Cisco Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, November 16th. Stifel Nicolaus reaffirmed a “hold” rating and set a $40.00 price objective on shares of Cisco Systems in a research report on Thursday, December 14th. Finally, UBS Group reaffirmed a “buy” rating and set a $39.00 price objective on shares of Cisco Systems in a research report on Thursday, November 16th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $37.93.

In other news, insider John T. Chambers sold 250,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $36.50, for a total value of $9,125,000.00. Following the sale, the insider now directly owns 712,736 shares of the company’s stock, valued at approximately $26,014,864. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Rebecca Jacoby sold 75,021 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $38.42, for a total value of $2,882,306.82. Following the completion of the transaction, the senior vice president now directly owns 257,476 shares in the company, valued at $9,892,227.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 348,643 shares of company stock worth $12,892,271. Insiders own 0.05% of the company’s stock.

Shares of Cisco Systems, Inc. (NASDAQ CSCO) opened at $39.91 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81. Cisco Systems, Inc. has a 12-month low of $29.80 and a 12-month high of $40.24. The company has a market capitalization of $197,300.00, a P/E ratio of 20.68, a PEG ratio of 3.57 and a beta of 1.19.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The firm had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same period in the previous year, the firm posted $0.61 EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. research analysts predict that Cisco Systems, Inc. will post 2.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Friday, January 5th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.91%. Cisco Systems’s dividend payout ratio is currently 60.10%.

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About Cisco Systems

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

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

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