IHT Wealth Management LLC Lowers Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

IHT Wealth Management LLC trimmed its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 17.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 65,116 shares of the network equipment provider's stock after selling 14,195 shares during the period. IHT Wealth Management LLC's holdings in Cisco Systems were worth $3,855,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Mainstream Capital Management LLC purchased a new position in Cisco Systems during the 4th quarter worth $132,000. GAMMA Investing LLC boosted its position 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 purchasing an additional 10,813 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of Cisco Systems by 76.4% in the 4th quarter. Proficio Capital Partners LLC now owns 16,947 shares of the network equipment provider's stock worth $1,003,000 after buying an additional 7,338 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Cisco Systems in the third quarter valued at approximately $502,000. Finally, Nordea Investment Management AB raised its holdings in shares of Cisco Systems by 1.2% in the fourth quarter. Nordea Investment Management AB now owns 18,718,195 shares of the network equipment provider's stock worth $1,107,930,000 after acquiring an additional 216,632 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CSCO. The Goldman Sachs Group raised their price objective on Cisco Systems from $56.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. BNP Paribas raised Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 price objective on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Cisco Systems in a research note on Thursday, March 6th. Melius raised Cisco Systems from a "hold" rating to a "buy" rating and upped their target price for the company from $66.00 to $73.00 in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. decreased their target price on Cisco Systems from $73.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $64.68.

Insider Activity

In other Cisco Systems news, CEO Charles Robbins sold 31,983 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $64.41, for a total value of $2,060,025.03. Following the completion of the sale, the chief executive officer now directly owns 736,120 shares of the company's stock, valued at approximately $47,413,489.20. This represents a 4.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Maria Victoria Wong sold 762 shares of Cisco Systems stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $60.99, for a total transaction of $46,474.38. Following the completion of the sale, the senior vice president now directly owns 44,155 shares in the company, valued at approximately $2,693,013.45. This represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,547 shares of company stock worth $4,275,553. Company insiders own 0.01% of the company's stock.

Cisco Systems Price Performance

Shares of CSCO stock traded up $0.42 on Friday, hitting $56.71. 16,492,305 shares of the company's stock were exchanged, compared to its average volume of 20,200,508. The company has a 50 day moving average of $59.99 and a 200 day moving average of $59.16. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $66.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79. The stock has a market cap of $225.61 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 4.16 and a beta of 0.86.

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

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd were paid a $0.41 dividend. The ex-dividend date was Thursday, April 3rd. This is a positive change from Cisco Systems's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 2.89%. Cisco Systems's payout ratio is 71.62%.

Cisco Systems announced that its board has approved a share buyback plan on Wednesday, February 12th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the network equipment provider to repurchase up to 6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its stock is 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.