Atria Wealth Solutions Inc. Decreases Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Atria Wealth Solutions Inc. decreased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 213,462 shares of the network equipment provider’s stock after selling 5,564 shares during the period. Atria Wealth Solutions Inc.’s holdings in Cisco Systems were worth $10,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Waddell & Associates LLC boosted its holdings in shares of Cisco Systems by 0.8% during the 3rd quarter. Waddell & Associates LLC now owns 24,693 shares of the network equipment provider’s stock worth $1,328,000 after buying an additional 191 shares during the period. Sax Wealth Advisors LLC raised its stake in shares of Cisco Systems by 3.6% in the 3rd quarter. Sax Wealth Advisors LLC now owns 5,686 shares of the network equipment provider’s stock valued at $306,000 after buying an additional 196 shares in the last quarter. Winch Advisory Services LLC increased its position in shares of Cisco Systems by 19.3% during the 3rd quarter. Winch Advisory Services LLC now owns 1,232 shares of the network equipment provider’s stock worth $66,000 after purchasing an additional 199 shares in the last quarter. Benin Management CORP increased its position in shares of Cisco Systems by 0.5% during the 3rd quarter. Benin Management CORP now owns 37,543 shares of the network equipment provider’s stock worth $2,018,000 after purchasing an additional 200 shares in the last quarter. Finally, Lodestone Wealth Management LLC grew its holdings in Cisco Systems by 0.6% during the 3rd quarter. Lodestone Wealth Management LLC now owns 36,587 shares of the network equipment provider’s stock worth $1,967,000 after acquiring an additional 205 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CSCO shares. Melius Research reaffirmed a “hold” rating and issued a $55.00 target price on shares of Cisco Systems in a research note on Monday, January 8th. Melius lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, April 9th. Barclays raised their target price on shares of Cisco Systems from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Finally, UBS Group raised their target price on shares of Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $55.53.

Insiders Place Their Bets

In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the completion of the transaction, the senior vice president now directly owns 58,121 shares of the company’s stock, valued at $2,906,050. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Maria Victoria Wong sold 2,497 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the completion of the sale, the senior vice president now owns 58,121 shares of the company’s stock, valued at $2,906,050. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction of $150,130.02. Following the completion of the sale, the executive vice president now directly owns 191,559 shares of the company’s stock, valued at approximately $9,579,865.59. The disclosure for this sale can be found here. Insiders sold a total of 19,441 shares of company stock valued at $972,080 over the last ninety days. 0.02% of the stock is currently owned by company insiders.

Cisco Systems Stock Down 0.5 %

CSCO traded down $0.25 during trading on Thursday, reaching $48.10. 6,473,026 shares of the stock were exchanged, compared to its average volume of 19,252,117. The stock has a market cap of $194.77 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 2.79 and a beta of 0.87. Cisco Systems, Inc. has a twelve month low of $45.56 and a twelve month high of $58.19. The stock’s 50 day moving average price is $48.97 and its two-hundred day moving average price is $50.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.37.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The business had revenue of $12.79 billion for the quarter, compared to the consensus estimate of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.76 earnings per share. Equities analysts expect that Cisco Systems, Inc. will post 3.13 EPS for the current year.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.33%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Wednesday, April 3rd. Cisco Systems’s payout ratio is 48.63%.

About Cisco Systems

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 and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.