Mather Group LLC. Has $3.25 Million Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Mather Group LLC. reduced its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 15.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,981 shares of the network equipment provider's stock after selling 11,329 shares during the quarter. Mather Group LLC.'s holdings in Cisco Systems were worth $3,245,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Green Alpha Advisors LLC raised its holdings in shares of Cisco Systems by 4.4% during the third quarter. Green Alpha Advisors LLC now owns 15,365 shares of the network equipment provider's stock worth $818,000 after acquiring an additional 641 shares during the period. Cohen Investment Advisors LLC increased its stake in Cisco Systems by 14.1% in the 3rd quarter. Cohen Investment Advisors LLC now owns 52,492 shares of the network equipment provider's stock valued at $2,794,000 after buying an additional 6,502 shares during the last quarter. Fulton Bank N.A. increased its stake in Cisco Systems by 6.8% in the 3rd quarter. Fulton Bank N.A. now owns 157,888 shares of the network equipment provider's stock valued at $8,403,000 after buying an additional 9,992 shares during the last quarter. Prentice Wealth Management LLC increased its stake in Cisco Systems by 7.7% in the 3rd quarter. Prentice Wealth Management LLC now owns 11,872 shares of the network equipment provider's stock valued at $632,000 after buying an additional 846 shares during the last quarter. Finally, Value Partners Investments Inc. increased its stake in shares of Cisco Systems by 0.3% during the 3rd quarter. Value Partners Investments Inc. now owns 1,713,703 shares of the network equipment provider's stock worth $91,203,000 after purchasing an additional 4,789 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 analysts have recently weighed in on the stock. HSBC upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $46.00 to $58.00 in a research note on Friday, August 16th. Barclays lowered their price objective on shares of Cisco Systems from $50.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 15th. Hsbc Global Res upgraded shares of Cisco Systems to a "strong-buy" rating in a research note on Friday, August 16th. Rosenblatt Securities boosted their price objective on shares of Cisco Systems from $56.00 to $58.00 and gave the stock a "neutral" rating in a research note 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 price target on the stock in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $55.00.

Cisco Systems Stock Performance

NASDAQ CSCO traded up $0.83 during trading on Wednesday, reaching $53.56. The company's stock had a trading volume of 10,583,444 shares, compared to its average volume of 19,244,527. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $215.78 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 4.11 and a beta of 0.83. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $54.58. The firm has a 50 day moving average price of $49.76 and a 200 day moving average price of $48.30.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.02. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The company had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter in the prior year, the firm posted $1.01 EPS. The firm's quarterly revenue was down 10.3% on a year-over-year basis. As a group, equities analysts anticipate that Cisco Systems, Inc. will post 2.9 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Wednesday, October 2nd. Cisco Systems's dividend payout ratio (DPR) is presently 53.87%.

Insider Transactions at Cisco Systems

In related news, CEO Charles Robbins sold 27,143 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $49.45, for a total value of $1,342,221.35. Following the completion of the transaction, the chief executive officer now owns 683,403 shares of the company's stock, valued at $33,794,278.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Charles Robbins sold 27,143 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $49.45, for a total value of $1,342,221.35. Following the completion of the transaction, the chief executive officer now owns 683,403 shares of the company's stock, valued at $33,794,278.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard Scott Herren sold 22,309 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $50.00, for a total transaction of $1,115,450.00. Following the completion of the transaction, 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 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,529 shares of company stock valued at $3,509,049. Company insiders own 0.02% of the company's stock.

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.