CTC Alternative Strategies Ltd. Has $212,000 Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

CTC Alternative Strategies Ltd. lowered its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 78.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,991 shares of the network equipment provider's stock after selling 14,394 shares during the period. CTC Alternative Strategies Ltd.'s holdings in Cisco Systems were worth $212,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CSCO. Aviso Wealth Management boosted its position 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 purchasing an additional 181 shares in the last quarter. Waypoint Capital Advisors LLC raised its stake in Cisco Systems by 2.9% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 6,497 shares of the network equipment provider's stock worth $346,000 after buying an additional 182 shares during the period. Andina Capital Management LLC lifted its holdings in 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. grew its stake in Cisco Systems by 1.6% in the third quarter. Wealth Dimensions Group Ltd. now owns 11,372 shares of the network equipment provider's stock valued at $605,000 after acquiring an additional 182 shares during the period. Finally, Meridian Financial Partners LLC raised its position 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 purchasing an additional 185 shares during the period. Institutional investors and hedge funds own 73.33% of the company's stock.

Cisco Systems Stock Performance

NASDAQ:CSCO traded down $0.13 on Friday, hitting $59.89. The company's stock had a trading volume of 14,622,229 shares, compared to its average volume of 19,567,402. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $60.23. The firm has a market capitalization of $238.53 billion, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 4.44 and a beta of 0.85. The stock has a fifty day moving average of $56.53 and a two-hundred day moving average of $50.96. 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 issued its quarterly earnings data 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. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The company had revenue of $13.84 billion for the quarter, compared to analyst estimates of $13.78 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The company's revenue was down 5.6% on a year-over-year basis. Research analysts predict 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 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 annualized dividend and a yield of 2.67%. The ex-dividend date is Friday, January 3rd. Cisco Systems's payout ratio is 68.67%.

Insider Buying and Selling

In related news, Director Kristina M. Johnson sold 7,500 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $59.87, for a total transaction of $449,025.00. Following the sale, the director now owns 65,915 shares of the company's stock, valued at $3,946,331.05. This represents a 10.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Maria Victoria Wong sold 4,881 shares of Cisco Systems stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $59.73, for a total value of $291,542.13. Following the completion of the transaction, the senior vice president now directly owns 51,931 shares of the company's stock, valued at $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. Over the last three months, insiders have sold 351,860 shares of company stock valued at $20,231,558. 0.01% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CSCO has been the subject of several research analyst reports. StockNews.com upgraded Cisco Systems from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Evercore ISI raised their price objective on shares of Cisco Systems from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Friday, September 20th. Morgan Stanley upped their target price on shares of Cisco Systems from $58.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Wells Fargo & Company lifted their price target on Cisco Systems from $57.00 to $60.00 and gave the company an "equal weight" rating in a research note on Thursday, November 14th. Finally, UBS Group upped their price objective on Cisco Systems from $55.00 to $62.00 and gave the stock a "neutral" rating in a research report on Thursday, November 14th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Cisco Systems presently has an average rating of "Moderate Buy" and a consensus price target of $59.94.

About Cisco Systems

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.