Atria Investments Inc Sells 9,953 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Atria Investments Inc decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 311,447 shares of the network equipment provider's stock after selling 9,953 shares during the quarter. Atria Investments Inc's holdings in Cisco Systems were worth $18,438,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CSCO. Mainstream Capital Management LLC acquired a new position in shares of Cisco Systems in the 4th quarter valued at $132,000. Morse Asset Management Inc bought a new stake in Cisco Systems in the third quarter valued at about $798,000. HighVista Strategies LLC acquired a new position in Cisco Systems in the third quarter valued at about $1,698,000. GAMMA Investing LLC boosted its holdings in Cisco Systems by 13.1% during the fourth quarter. GAMMA Investing LLC now owns 93,357 shares of the network equipment provider's stock worth $5,527,000 after buying an additional 10,813 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of Cisco Systems during the 3rd quarter worth about $502,000. 73.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on CSCO shares. BNP Paribas raised shares of Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 price objective on the stock in a research note on Tuesday, January 28th. Citigroup lifted their price target on shares of Cisco Systems from $71.00 to $73.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Melius Research raised shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Wells Fargo & Company raised their price objective on Cisco Systems from $60.00 to $72.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 13th. Finally, Rosenblatt Securities raised Cisco Systems from a "neutral" rating to a "buy" rating and boosted their target price for the company from $66.00 to $80.00 in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Cisco Systems currently has an average rating of "Moderate Buy" and an average price target of $66.63.

Insiders Place Their Bets

In other Cisco Systems news, Director Kristina M. Johnson sold 7,500 shares of the business's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $59.87, for a total transaction of $449,025.00. Following the transaction, the director now owns 65,915 shares of the company's stock, valued at $3,946,331.05. The trade was a 10.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thimaya K. Subaiya sold 3,042 shares of Cisco Systems stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $59.19, for a total value of $180,055.98. Following the transaction, the executive vice president now owns 207,798 shares of the company's stock, valued at $12,299,563.62. This represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,848 shares of company stock valued at $4,767,206. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Stock Up 1.1 %

CSCO stock traded up $0.70 during midday trading on Wednesday, hitting $63.96. The company's stock had a trading volume of 14,930,577 shares, compared to its average volume of 19,941,484. The company's fifty day moving average price is $61.47 and its 200 day moving average price is $57.20. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $66.50. The stock has a market capitalization of $254.45 billion, a P/E ratio of 27.93, a PEG ratio of 4.16 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.14). Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. As a group, equities research analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be paid a $0.41 dividend. The ex-dividend date is Thursday, April 3rd. This is a boost from Cisco Systems's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 2.56%. Cisco Systems's dividend payout ratio (DPR) is currently 71.62%.

Cisco Systems declared that its board has approved a stock buyback plan on Wednesday, February 12th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the network equipment provider to purchase up to 6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

Cisco Systems Profile

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.