Maxwell Wealth Strategies Inc. Has $783,000 Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Maxwell Wealth Strategies Inc. reduced its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 67.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,937 shares of the network equipment provider's stock after selling 28,342 shares during the quarter. Maxwell Wealth Strategies Inc.'s holdings in Cisco Systems were worth $783,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC bought a new position in Cisco Systems during the second quarter valued at about $25,000. West Financial Advisors LLC lifted its position in Cisco Systems by 116.6% in the third quarter. West Financial Advisors LLC now owns 574 shares of the network equipment provider's stock worth $31,000 after purchasing an additional 309 shares during the period. Quarry LP boosted its stake in 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 in the last quarter. Hobbs Group Advisors LLC bought a new stake in Cisco Systems in the 2nd quarter valued at $36,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in shares of Cisco Systems by 617.7% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 890 shares of the network equipment provider's stock worth $42,000 after acquiring an additional 766 shares during the period. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Trading Down 0.8 %

CSCO traded down $0.46 during mid-day trading on Friday, hitting $57.46. The stock had a trading volume of 28,173,705 shares, compared to its average volume of 19,144,939. The stock's fifty day simple moving average is $54.18 and its 200-day simple moving average is $49.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.91 and a quick ratio of 0.83. The firm has a market capitalization of $229.31 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 4.90 and a beta of 0.83. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $59.38.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. The business had revenue of $13.64 billion for the quarter, compared to analysts' expectations of $13.53 billion. Cisco Systems had a net margin of 17.73% and a return on equity of 25.62%. The firm's revenue was down 10.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 EPS. As a group, research analysts forecast that Cisco Systems, Inc. will post 2.89 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.78%. Cisco Systems's payout ratio is currently 68.67%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of Cisco Systems from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Thursday. Evercore ISI upped their price target on Cisco Systems from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Friday, September 20th. New Street Research raised Cisco Systems from a "neutral" rating to a "buy" rating and set a $57.00 price objective for the company in a report on Thursday, August 15th. UBS Group increased their target price on shares of Cisco Systems from $55.00 to $62.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Cisco Systems in a research note on Thursday, August 15th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $59.42.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 1,328 shares of the business'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 transaction of $64,965.76. Following the transaction, the executive vice president now owns 132,910 shares of the company's stock, valued at $6,501,957.20. The trade was a 0.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard Scott Herren sold 22,309 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $50.00, for a total value of $1,115,450.00. Following the completion of the sale, the chief financial officer now directly owns 293,184 shares of the company's stock, valued at approximately $14,659,200. The trade was a 7.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,924 shares of company stock valued at $1,798,131. 0.01% of the stock is owned by insiders.

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.