Lmcg Investments LLC Trims Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Lmcg Investments LLC lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 19.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 118,876 shares of the network equipment provider's stock after selling 29,392 shares during the period. Lmcg Investments LLC's holdings in Cisco Systems were worth $6,327,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. F M Investments LLC raised its stake in Cisco Systems by 0.4% in the 3rd quarter. F M Investments LLC now owns 138,011 shares of the network equipment provider's stock valued at $7,332,000 after purchasing an additional 535 shares during the last quarter. BluePath Capital Management LLC lifted its stake in shares of Cisco Systems by 14.8% in the third quarter. BluePath Capital Management LLC now owns 19,813 shares of the network equipment provider's stock worth $1,054,000 after buying an additional 2,557 shares in the last quarter. Visionary Horizons LLC boosted its position in Cisco Systems by 16.4% during the third quarter. Visionary Horizons LLC now owns 11,854 shares of the network equipment provider's stock worth $631,000 after acquiring an additional 1,674 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in Cisco Systems by 7.4% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 26,128 shares of the network equipment provider's stock valued at $1,471,000 after acquiring an additional 1,803 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Cisco Systems by 8.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 69,954 shares of the network equipment provider's stock worth $3,723,000 after purchasing an additional 5,600 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CSCO shares. Hsbc Global Res raised Cisco Systems to a "strong-buy" rating in a report on Friday, August 16th. Jefferies Financial Group cut their target price on Cisco Systems from $56.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, August 15th. New Street Research raised 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 report on Thursday, August 15th. Rosenblatt Securities raised their price objective on shares of Cisco Systems from $56.00 to $58.00 and gave the stock a "neutral" rating in a research report on Thursday, August 15th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Cisco Systems in a report on Thursday, August 15th. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Cisco Systems has a consensus rating of "Moderate Buy" and a consensus target price of $56.74.

Insider Activity

In related news, CEO Charles Robbins sold 27,143 shares of the company's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $49.45, for a total transaction of $1,342,221.35. Following the sale, the chief executive officer now directly owns 683,403 shares in the company, valued at approximately $33,794,278.35. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Charles Robbins sold 27,143 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $49.45, for a total value of $1,342,221.35. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 7,462 shares of Cisco Systems stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $49.41, for a total value of $368,697.42. Following the sale, the executive vice president now directly owns 165,580 shares of the company's stock, valued at $8,181,307.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,529 shares of company stock worth $3,509,049. 0.01% of the stock is currently owned by company insiders.

Cisco Systems Trading Up 1.3 %

NASDAQ CSCO traded up $0.73 during trading on Friday, hitting $55.50. The stock had a trading volume of 19,235,612 shares, compared to its average volume of 19,047,523. The company has a market capitalization of $221.49 billion, a PE ratio of 21.85, a PEG ratio of 4.61 and a beta of 0.83. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $57.06. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average price of $52.63 and a 200 day moving average price of $49.09.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. The firm had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $13.53 billion. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The firm's revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 EPS. As a group, equities research analysts forecast that Cisco Systems, Inc. will post 2.89 earnings per share for the current year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Wednesday, October 2nd. Cisco Systems's dividend payout ratio is currently 62.99%.

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.