RPg Family Wealth Advisory LLC Sells 400 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

RPg Family Wealth Advisory LLC reduced its position in shares of Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 35.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 727 shares of the network equipment provider’s stock after selling 400 shares during the quarter. RPg Family Wealth Advisory LLC’s holdings in Cisco Systems were worth $41,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Woodmont Investment Counsel LLC grew its stake in shares of Cisco Systems by 0.4% during the fourth quarter. Woodmont Investment Counsel LLC now owns 41,425 shares of the network equipment provider’s stock worth $2,625,000 after acquiring an additional 180 shares during the last quarter. Old Port Advisors boosted its position in Cisco Systems by 0.4% in the first quarter. Old Port Advisors now owns 54,035 shares of the network equipment provider’s stock valued at $3,008,000 after buying an additional 195 shares during the last quarter. Diligent Investors LLC boosted its position in Cisco Systems by 0.7% in the first quarter. Diligent Investors LLC now owns 27,490 shares of the network equipment provider’s stock valued at $1,533,000 after buying an additional 198 shares during the last quarter. Baldwin Brothers LLC MA boosted its position in Cisco Systems by 26.1% in the first quarter. Baldwin Brothers LLC MA now owns 965 shares of the network equipment provider’s stock valued at $54,000 after buying an additional 200 shares during the last quarter. Finally, Karp Capital Management Corp boosted its position in Cisco Systems by 3.5% in the fourth quarter. Karp Capital Management Corp now owns 5,890 shares of the network equipment provider’s stock valued at $373,000 after buying an additional 201 shares during the last quarter. 73.18% of the stock is currently owned by institutional investors.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $45.01 on Friday. The stock has a market cap of $186.38 billion, a PE ratio of 15.79, a P/E/G ratio of 2.23 and a beta of 0.97. The company has a current ratio of 1.49, a quick ratio of 1.40 and a debt-to-equity ratio of 0.21. Cisco Systems, Inc. has a twelve month low of $40.82 and a twelve month high of $64.29. The stock has a fifty day simple moving average of $43.96 and a 200-day simple moving average of $49.96.

Cisco Systems (NASDAQ:CSCOGet Rating) last released its quarterly earnings results on Wednesday, May 18th. The network equipment provider reported $0.78 earnings per share 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 return on equity of 31.22% and a net margin of 23.28%. During the same period in the prior year, the business posted $0.75 EPS. Equities analysts anticipate that Cisco Systems, Inc. will post 3 earnings per share for the current year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 6th were issued a dividend of $0.38 per share. 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%.

Insider Transactions at Cisco Systems

In related news, COO Maria Martinez sold 4,674 shares of the firm’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $43.33, for a total transaction of $202,524.42. Following the completion of the transaction, the chief operating officer now directly owns 286,033 shares in the company, valued at approximately $12,393,809.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Cisco Systems news, CEO Charles Robbins sold 12,717 shares of the stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $43.79, for a total value of $556,877.43. Following the sale, the chief executive officer now owns 651,577 shares of the company’s stock, valued at approximately $28,532,556.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Maria Martinez sold 4,674 shares of the stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $43.33, for a total value of $202,524.42. Following the completion of the sale, the chief operating officer now directly owns 286,033 shares in the company, valued at approximately $12,393,809.89. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,326 shares of company stock worth $1,103,159. 0.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CSCO shares. UBS Group dropped their target price on Cisco Systems from $59.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, May 19th. Bank of America lowered their price objective on Cisco Systems from $62.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, May 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on Cisco Systems from $59.00 to $51.00 and set a “hold” rating on the stock in a research report on Thursday, May 19th. Credit Suisse Group lowered their price objective on Cisco Systems from $72.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, May 19th. Finally, Wells Fargo & Company lowered their price objective on Cisco Systems from $65.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 19th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $54.23.

Cisco Systems 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.

Further Reading

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

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