MONECO Advisors LLC Decreases Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

MONECO Advisors LLC trimmed its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 5.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,022 shares of the network equipment provider’s stock after selling 430 shares during the period. MONECO Advisors LLC’s holdings in Cisco Systems were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Cisco Systems by 3.5% during the 4th quarter. BlackRock Inc. now owns 350,404,388 shares of the network equipment provider’s stock worth $22,205,126,000 after purchasing an additional 11,804,677 shares during the period. State Street Corp lifted its holdings in Cisco Systems by 3.2% in the 4th quarter. State Street Corp now owns 186,125,154 shares of the network equipment provider’s stock worth $11,794,751,000 after buying an additional 5,730,165 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Cisco Systems by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 73,136,734 shares of the network equipment provider’s stock worth $4,623,101,000 after buying an additional 1,380,066 shares in the last quarter. Northern Trust Corp lifted its holdings in Cisco Systems by 0.3% in the 4th quarter. Northern Trust Corp now owns 55,173,669 shares of the network equipment provider’s stock worth $3,496,355,000 after buying an additional 183,779 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Cisco Systems by 4.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 50,268,847 shares of the network equipment provider’s stock worth $3,185,537,000 after buying an additional 2,336,314 shares in the last quarter. 73.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of recent analyst reports. TheStreet lowered shares of Cisco Systems from a “b” rating to a “c+” rating in a report on Wednesday, June 15th. The Goldman Sachs Group cut their price objective on shares of Cisco Systems from $64.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, May 20th. KGI Securities lowered shares of Cisco Systems from an “outperform” rating to a “neutral” rating in a research note on Friday, July 15th. Oppenheimer cut their target price on shares of Cisco Systems from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Thursday, May 19th. Finally, UBS Group cut their target price on shares of Cisco Systems from $59.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, May 19th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $54.23.

Insider Activity

In other news, SVP Prat Bhatt sold 3,700 shares of the stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $43.34, for a total value of $160,358.00. Following the completion of the transaction, the senior vice president now directly owns 80,784 shares in the company, valued at $3,501,178.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Charles Robbins sold 12,717 shares of the firm’s stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $43.79, for a total transaction of $556,877.43. Following the completion of the sale, the chief executive officer now directly owns 651,577 shares in the company, valued at $28,532,556.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Prat Bhatt sold 3,700 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $43.34, for a total transaction of $160,358.00. Following the sale, the senior vice president now owns 80,784 shares of the company’s stock, valued at $3,501,178.56. The disclosure for this sale can be found here. Insiders sold 25,326 shares of company stock worth $1,103,159 over the last three months. Corporate insiders own 0.02% of the company’s stock.

Cisco Systems Price Performance

NASDAQ CSCO opened at $45.01 on Friday. Cisco Systems, Inc. has a 52 week low of $40.82 and a 52 week high of $64.29. The company has a current ratio of 1.49, a quick ratio of 1.40 and a debt-to-equity ratio of 0.21. The stock has a market cap of $186.38 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 2.23 and a beta of 0.97. The company has a 50-day moving average price of $43.96 and a two-hundred day moving average price of $49.96.

Cisco Systems (NASDAQ:CSCOGet Rating) last posted its earnings results on Wednesday, May 18th. The network equipment provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01. Cisco Systems had a net margin of 23.28% and a return on equity of 31.22%. The firm had revenue of $12.84 billion during the quarter, compared to analysts’ expectations of $13.33 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. Analysts forecast that Cisco Systems, Inc. will post 3 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 6th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.38%. The ex-dividend date was Tuesday, July 5th. Cisco Systems’s dividend payout ratio (DPR) is presently 53.33%.

Cisco Systems Profile

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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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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