Whalerock Point Partners LLC Sells 8,797 Shares of Cisco Systems, Inc. (CSCO)

Whalerock Point Partners LLC lessened its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 16.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,280 shares of the network equipment provider’s stock after selling 8,797 shares during the period. Whalerock Point Partners LLC’s holdings in Cisco Systems were worth $1,455,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Csenge Advisory Group purchased a new stake in shares of Cisco Systems during the 3rd quarter worth $1,089,000. Syntal Capital Partners LLC purchased a new stake in shares of Cisco Systems during the 3rd quarter worth $147,000. Foundry Partners LLC lifted its position in shares of Cisco Systems by 35.4% during the 3rd quarter. Foundry Partners LLC now owns 539,080 shares of the network equipment provider’s stock worth $18,129,000 after purchasing an additional 141,010 shares during the last quarter. McKinley Carter Wealth Services Inc. lifted its position in shares of Cisco Systems by 90.3% during the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 13,627 shares of the network equipment provider’s stock worth $458,000 after purchasing an additional 6,465 shares during the last quarter. Finally, Parthenon LLC lifted its position in shares of Cisco Systems by 1.7% during the 3rd quarter. Parthenon LLC now owns 190,881 shares of the network equipment provider’s stock worth $6,419,000 after purchasing an additional 3,110 shares during the last quarter. 75.55% of the stock is owned by institutional investors.

In other news, SVP Karen Walker sold 5,786 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $211,131.14. Following the transaction, the senior vice president now directly owns 176,418 shares in the company, valued at $6,437,492.82. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Rebecca Jacoby sold 75,021 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $38.42, for a total transaction of $2,882,306.82. Following the transaction, the senior vice president now 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 90 days, insiders sold 348,643 shares of company stock worth $12,892,271. 0.05% of the stock is currently owned by company insiders.

Cisco Systems, Inc. (NASDAQ CSCO) opened at $40.10 on Friday. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39. The company has a market cap of $198,240.00, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 3.57 and a beta of 1.19. Cisco Systems, Inc. has a one year low of $29.80 and a one year high of $40.24.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be paid 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 yield of 2.89%. Cisco Systems’s dividend payout ratio is presently 60.10%.

Several equities research analysts have recently issued reports on CSCO shares. Oppenheimer reaffirmed a “buy” rating and set a $36.00 price objective on shares of Cisco Systems in a research report on Friday, October 20th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Cisco Systems in a research report on Tuesday, November 14th. ValuEngine raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Vetr raised shares of Cisco Systems from a “sell” rating to a “hold” rating and set a $38.01 price objective for the company in a research report on Wednesday, December 27th. Finally, Jefferies Group reiterated a “buy” rating and set a $37.00 price target on shares of Cisco Systems in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $37.93.

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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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