Centaurus Financial Inc. Has $864,000 Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Centaurus Financial Inc. decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 52.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 16,238 shares of the network equipment provider's stock after selling 18,009 shares during the period. Centaurus Financial Inc.'s holdings in Cisco Systems were worth $864,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CSCO. Summit Securities Group LLC purchased a new position in shares of Cisco Systems during the 2nd quarter worth $25,000. West Financial Advisors LLC raised its position in Cisco Systems by 116.6% in the 3rd quarter. West Financial Advisors LLC now owns 574 shares of the network equipment provider's stock valued at $31,000 after purchasing an additional 309 shares in the last quarter. Quarry LP grew its stake in Cisco Systems by 222.4% during the 2nd quarter. Quarry LP now owns 661 shares of the network equipment provider's stock worth $31,000 after buying an additional 456 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of Cisco Systems in the 2nd quarter valued at approximately $36,000. Finally, Iron Horse Wealth Management LLC grew its stake in shares of Cisco Systems by 617.7% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 890 shares of the network equipment provider's stock valued at $42,000 after purchasing an additional 766 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Price Performance

NASDAQ CSCO traded up $0.85 on Tuesday, reaching $59.59. 14,206,565 shares of the stock traded hands, compared to its average volume of 19,233,521. The firm's fifty day simple moving average is $55.17 and its 200 day simple moving average is $50.24. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. The company has a market cap of $237.33 billion, a price-to-earnings ratio of 25.21, a P/E/G ratio of 4.37 and a beta of 0.83. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $59.64.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. The firm had revenue of $13.84 billion during the quarter, compared to analyst estimates of $13.78 billion. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The firm's quarterly revenue was down 5.6% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. As a group, research analysts predict that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be given a dividend of $0.40 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.69%. Cisco Systems's payout ratio is 68.67%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised Cisco Systems from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $55.00 to $66.00 in a report on Monday, November 11th. Needham & Company LLC reissued a "hold" rating on shares of Cisco Systems in a report on Thursday, August 15th. Wells Fargo & Company boosted their price target on Cisco Systems from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Thursday, November 14th. Hsbc Global Res raised Cisco Systems to a "strong-buy" rating in a report on Friday, August 16th. Finally, Bank of America boosted their price target on Cisco Systems from $60.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Cisco Systems has an average rating of "Moderate Buy" and a consensus price target of $59.94.

Insider Activity at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 21,230 shares of Cisco Systems stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $57.07, for a total value of $1,211,596.10. Following the transaction, the executive vice president now directly owns 213,834 shares in the company, valued at approximately $12,203,506.38. The trade was a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Charles Robbins sold 171,744 shares of Cisco Systems stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $9,873,562.56. Following the completion of the transaction, the chief executive officer now owns 783,786 shares in the company, valued at $45,059,857.14. The trade was a 17.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 342,858 shares of company stock valued at $19,661,157. Insiders own 0.01% of the company's stock.

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.