Executive Wealth Management LLC Has $345,000 Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Executive Wealth Management LLC lessened its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 95.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,473 shares of the network equipment provider's stock after selling 145,008 shares during the period. Executive Wealth Management LLC's holdings in Cisco Systems were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Raelipskie Partnership acquired a new position in shares of Cisco Systems during the third quarter valued at approximately $1,598,000. LRI Investments LLC increased its stake in shares of Cisco Systems by 104.3% during the third quarter. LRI Investments LLC now owns 20,514 shares of the network equipment provider's stock valued at $1,188,000 after acquiring an additional 10,472 shares during the period. Harvest Investment Advisors LLC grew its position in Cisco Systems by 2.2% in the third quarter. Harvest Investment Advisors LLC now owns 29,965 shares of the network equipment provider's stock worth $1,595,000 after buying an additional 645 shares during the last quarter. PYA Waltman Capital LLC grew its position in Cisco Systems by 14.3% in the third quarter. PYA Waltman Capital LLC now owns 18,517 shares of the network equipment provider's stock worth $985,000 after buying an additional 2,311 shares during the last quarter. Finally, Peloton Wealth Strategists grew its position in Cisco Systems by 12.2% in the third quarter. Peloton Wealth Strategists now owns 47,775 shares of the network equipment provider's stock worth $2,543,000 after buying an additional 5,200 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CSCO shares. HSBC upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and lifted their price target for the stock from $46.00 to $58.00 in a research report on Friday, August 16th. Rosenblatt Securities lifted their price target on shares of Cisco Systems from $56.00 to $58.00 and gave the stock a "neutral" rating in a research report on Thursday, August 15th. Wells Fargo & Company lifted their price target on shares of Cisco Systems from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 14th. UBS Group lifted their price target on shares of Cisco Systems from $55.00 to $62.00 and gave the stock a "neutral" rating in a research report on Thursday, November 14th. Finally, Citigroup lifted their price objective on shares of Cisco Systems from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $59.94.

Cisco Systems Stock Down 0.2 %

Shares of CSCO stock traded down $0.13 on Wednesday, hitting $58.59. The company's stock had a trading volume of 26,830,533 shares, compared to its average volume of 19,100,408. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $60.23. The firm's fifty day moving average price is $56.77 and its 200-day moving average price is $51.14. The stock has a market capitalization of $233.35 billion, a price-to-earnings ratio of 25.18, a P/E/G ratio of 4.39 and a beta of 0.85.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The business had revenue of $13.84 billion during the quarter, compared to analyst estimates of $13.78 billion. During the same quarter in the previous year, the business earned $0.98 EPS. Cisco Systems's quarterly revenue was down 5.6% compared to the same quarter last year. Research analysts anticipate that Cisco Systems, Inc. will post 2.97 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Friday, January 3rd. Cisco Systems's dividend payout ratio is 68.67%.

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 on Friday, December 6th. The shares were sold at an average price of $59.87, for a total transaction of $449,025.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Maria Victoria Wong sold 638 shares of the business's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $49.09, for a total transaction of $31,319.42. Following the transaction, the senior vice president now owns 46,017 shares in the company, valued at approximately $2,258,974.53. The trade was a 1.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 351,860 shares of company stock valued at $20,231,558 in the last quarter. Insiders own 0.01% of the company's stock.

Cisco Systems Company 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.