Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Caprock Group LLC

Caprock Group LLC cut its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 142,307 shares of the network equipment provider's stock after selling 7,543 shares during the period. Caprock Group LLC's holdings in Cisco Systems were worth $8,425,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Quarry LP grew its holdings in shares of Cisco Systems by 222.4% during the second 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. Newbridge Financial Services Group Inc. increased its holdings in shares of Cisco Systems by 25.8% in the second quarter. Newbridge Financial Services Group Inc. now owns 6,617 shares of the network equipment provider's stock valued at $314,000 after purchasing an additional 1,358 shares during the period. Centaurus Financial Inc. raised its stake in shares of Cisco Systems by 98.6% during the second quarter. Centaurus Financial Inc. now owns 34,247 shares of the network equipment provider's stock worth $1,627,000 after purchasing an additional 17,000 shares during the last quarter. Davis Capital Management lifted its holdings in shares of Cisco Systems by 3.3% during the third quarter. Davis Capital Management now owns 34,072 shares of the network equipment provider's stock worth $1,813,000 after purchasing an additional 1,089 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in Cisco Systems by 1.3% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 541,141 shares of the network equipment provider's stock valued at $28,800,000 after buying an additional 6,808 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insiders Place Their Bets

In other news, Director Kristina M. Johnson sold 7,500 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $59.87, for a total value of $449,025.00. Following the completion of the transaction, the director now owns 65,915 shares of the company's stock, valued at approximately $3,946,331.05. This represents a 10.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 4,881 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $59.73, for a total transaction of $291,542.13. Following the completion of the sale, the senior vice president now directly owns 51,931 shares of the company's stock, valued at approximately $3,101,838.63. This represents a 8.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 353,522 shares of company stock valued at $20,349,721 over the last 90 days. 0.01% of the stock is owned by company insiders.

Cisco Systems Stock Up 0.6 %

CSCO opened at $60.85 on Friday. The company has a market cap of $242.34 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 4.43 and a beta of 0.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $62.31. The firm has a 50 day moving average price of $59.40 and a 200 day moving average price of $54.39.

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

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.63%. The ex-dividend date was Friday, January 3rd. Cisco Systems's payout ratio is currently 68.67%.

Analysts Set New Price Targets

Several analysts have recently weighed in on CSCO shares. Melius Research raised shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. BNP Paribas raised Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 price target for the company in a report on Tuesday. StockNews.com upgraded Cisco Systems from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Tigress Financial raised their target price on Cisco Systems from $76.00 to $78.00 and gave the company a "buy" rating in a report on Monday, October 14th. Finally, Morgan Stanley raised their price objective on shares of Cisco Systems from $62.00 to $68.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.72.

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.

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