Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC reduced its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 106,726 shares of the network equipment provider's stock after selling 7,834 shares during the period. Cisco Systems comprises 2.0% of Court Place Advisors LLC's holdings, making the stock its 12th largest position. Court Place Advisors LLC's holdings in Cisco Systems were worth $6,318,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its holdings in Cisco Systems by 10.1% in the 3rd quarter. FMR LLC now owns 63,931,461 shares of the network equipment provider's stock valued at $3,402,432,000 after purchasing an additional 5,885,879 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of Cisco Systems by 327.5% in the third quarter. Two Sigma Advisers LP now owns 6,819,000 shares of the network equipment provider's stock worth $362,907,000 after buying an additional 5,223,800 shares in the last quarter. Pathway Financial Advisers LLC boosted its position in Cisco Systems by 5,231.5% during the third quarter. Pathway Financial Advisers LLC now owns 4,935,107 shares of the network equipment provider's stock worth $262,646,000 after acquiring an additional 4,842,542 shares during the last quarter. National Bank of Canada FI grew its stake in Cisco Systems by 79.6% during the 3rd quarter. National Bank of Canada FI now owns 8,971,494 shares of the network equipment provider's stock valued at $477,463,000 after acquiring an additional 3,975,028 shares in the last quarter. Finally, State Street Corp raised its holdings in Cisco Systems by 1.7% in the 3rd quarter. State Street Corp now owns 193,489,477 shares of the network equipment provider's stock valued at $10,297,506,000 after acquiring an additional 3,241,682 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Performance

Shares of Cisco Systems stock traded up $0.13 during trading on Friday, reaching $60.60. The company's stock had a trading volume of 16,551,761 shares, compared to its average volume of 18,995,434. The company has a 50-day moving average price of $59.40 and a two-hundred day moving average price of $54.39. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $62.31. The firm has a market cap of $241.36 billion, a PE ratio of 26.01, a P/E/G ratio of 4.43 and a beta of 0.84. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $13.78 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The business's revenue was down 5.6% compared to the same quarter last year. On average, analysts forecast that Cisco Systems, Inc. will post 2.97 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Friday, January 3rd. Cisco Systems's payout ratio is currently 68.67%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CSCO shares. Barclays increased their price target on Cisco Systems from $49.00 to $56.00 and gave the company an "equal weight" rating in a report on Thursday, November 14th. JPMorgan Chase & Co. raised shares of Cisco Systems from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $55.00 to $66.00 in a research note on Monday, November 11th. Citigroup boosted their price objective on Cisco Systems from $64.00 to $68.00 and gave the company a "buy" rating in a report on Friday, January 17th. StockNews.com upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Finally, UBS Group increased their price objective on Cisco Systems from $55.00 to $62.00 and gave the company a "neutral" rating in a research note on Thursday, November 14th. Seven research 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's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $62.72.

Insider Transactions at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 21,230 shares of the company's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $57.07, for a total transaction of $1,211,596.10. Following the transaction, the executive vice president now directly owns 213,834 shares of the company's stock, valued at $12,203,506.38. This represents a 9.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles Robbins sold 171,744 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $57.49, for a total transaction of $9,873,562.56. Following the completion of the sale, the chief executive officer now owns 783,786 shares of the company's stock, valued at $45,059,857.14. This trade represents a 17.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 353,522 shares of company stock worth $20,349,721 over the last 90 days. 0.01% of the stock is currently owned by 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.