Coldstream Capital Management Inc. Grows Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Coldstream Capital Management Inc. increased its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 6.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 180,538 shares of the network equipment provider's stock after purchasing an additional 11,139 shares during the period. Coldstream Capital Management Inc.'s holdings in Cisco Systems were worth $9,650,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aviso Wealth Management raised its stake in shares of Cisco Systems by 2.4% during the third quarter. Aviso Wealth Management now owns 7,615 shares of the network equipment provider's stock worth $405,000 after acquiring an additional 181 shares in the last quarter. Waypoint Capital Advisors LLC raised its stake in shares of Cisco Systems by 2.9% during the third quarter. Waypoint Capital Advisors LLC now owns 6,497 shares of the network equipment provider's stock worth $346,000 after acquiring an additional 182 shares in the last quarter. Andina Capital Management LLC raised its stake in shares of Cisco Systems by 3.6% during the third quarter. Andina Capital Management LLC now owns 5,249 shares of the network equipment provider's stock worth $279,000 after acquiring an additional 182 shares in the last quarter. Wealth Dimensions Group Ltd. raised its stake in shares of Cisco Systems by 1.6% during the third quarter. Wealth Dimensions Group Ltd. now owns 11,372 shares of the network equipment provider's stock worth $605,000 after acquiring an additional 182 shares in the last quarter. Finally, Meridian Financial Partners LLC raised its stake in shares of Cisco Systems by 3.8% during the third quarter. Meridian Financial Partners LLC now owns 5,020 shares of the network equipment provider's stock worth $267,000 after acquiring an additional 185 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Cisco Systems Price Performance

CSCO traded down $0.23 during trading on Tuesday, reaching $58.72. 14,477,143 shares of the company traded hands, compared to its average volume of 19,067,916. The firm has a fifty day simple moving average of $56.65 and a 200 day simple moving average of $51.05. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $60.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. The company has a market cap of $233.87 billion, a P/E ratio of 25.20, a PEG ratio of 4.46 and a beta of 0.85.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, topping 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 return on equity of 25.70% and a net margin of 17.73%. The business's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. On average, equities analysts forecast that Cisco Systems, Inc. will post 2.97 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, January 3rd. Cisco Systems's payout ratio is presently 68.67%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays lifted their price target on shares of Cisco Systems from $49.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 14th. Citigroup raised their target price on shares of Cisco Systems from $62.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Wells Fargo & Company raised their target price on shares of Cisco Systems from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Thursday, November 14th. Jefferies Financial Group cut their target price on shares of Cisco Systems from $56.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, August 15th. Finally, New Street Research upgraded shares of Cisco Systems from a "neutral" rating to a "buy" rating and set a $57.00 target price on the stock in a report on Thursday, August 15th. Ten investment 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, Cisco Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.94.

Insider Buying and Selling at Cisco Systems

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 value of $449,025.00. Following the completion of the sale, the director now owns 65,915 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, EVP Thimaya K. Subaiya sold 1,328 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $48.92, for a total value of $64,965.76. Following the sale, the executive vice president now owns 132,910 shares of the company's stock, valued at $6,501,957.20. This trade represents a 0.99 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 351,860 shares of company stock valued at $20,231,558. 0.01% of the stock is owned by company insiders.

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.