Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by American International Group Inc.

American International Group Inc. cut its stake in Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) by 7.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,443,911 shares of the network equipment provider’s stock after selling 110,536 shares during the period. Cisco Systems accounts for about 0.5% of American International Group Inc.’s portfolio, making the stock its 26th largest position. American International Group Inc.’s holdings in Cisco Systems were worth $68,788,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CSCO. Wade G W & Inc. raised its position in Cisco Systems by 5.5% during the 4th quarter. Wade G W & Inc. now owns 295,731 shares of the network equipment provider’s stock worth $14,089,000 after buying an additional 15,460 shares during the last quarter. First Horizon Advisors Inc. raised its position in Cisco Systems by 3.6% during the 4th quarter. First Horizon Advisors Inc. now owns 739,423 shares of the network equipment provider’s stock worth $35,226,000 after buying an additional 25,774 shares during the last quarter. Colonial River Wealth Management LLC raised its position in Cisco Systems by 9.1% during the 4th quarter. Colonial River Wealth Management LLC now owns 17,263 shares of the network equipment provider’s stock worth $822,000 after buying an additional 1,439 shares during the last quarter. Samalin Investment Counsel LLC purchased a new position in Cisco Systems during the 4th quarter worth approximately $201,000. Finally, Continuum Advisory LLC raised its position in Cisco Systems by 14.0% during the 4th quarter. Continuum Advisory LLC now owns 36,918 shares of the network equipment provider’s stock worth $1,759,000 after buying an additional 4,544 shares during the last quarter. 71.10% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Price Performance

CSCO traded up $1.01 on Friday, hitting $50.04. 7,832,342 shares of the company’s stock were exchanged, compared to its average volume of 18,398,299. Cisco Systems, Inc. has a fifty-two week low of $38.60 and a fifty-two week high of $52.56. The company has a current ratio of 1.39, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $48.89 and a 200-day moving average price of $48.36. The stock has a market cap of $204.95 billion, a price-to-earnings ratio of 17.64, a P/E/G ratio of 2.23 and a beta of 1.00.

Cisco Systems (NASDAQ:CSCO – Get Rating) last announced its earnings results on Wednesday, May 17th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.03. Cisco Systems had a net margin of 20.89% and a return on equity of 31.66%. The company had revenue of $14.57 billion for the quarter, compared to analysts’ expectations of $14.36 billion. During the same quarter in the previous year, the company posted $0.78 EPS. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. As a group, equities analysts anticipate that Cisco Systems, Inc. will post 3.33 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Thursday, July 6th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $1.56 annualized dividend and a yield of 3.12%. Cisco Systems’s dividend payout ratio (DPR) is presently 56.12%.

Analyst Ratings Changes

A number of research firms have issued reports on CSCO. DZ Bank raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Friday, February 17th. Raymond James lifted their target price on shares of Cisco Systems from $63.00 to $64.00 in a report on Thursday, May 18th. StockNews.com raised shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a report on Friday. Credit Suisse Group lifted their target price on shares of Cisco Systems from $67.00 to $69.00 and gave the company an “outperform” rating in a report on Thursday, February 16th. Finally, Cowen lifted their target price on shares of Cisco Systems from $61.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, February 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.52.

Insiders Place Their Bets

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,142 shares of Cisco Systems stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $48.78, for a total transaction of $153,266.76. Following the sale, the executive vice president now owns 180,697 shares of the company’s stock, valued at approximately $8,814,399.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Prat Bhatt sold 608 shares of the business’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $48.74, for a total transaction of $29,633.92. Following the transaction, the senior vice president now owns 50,162 shares of the company’s stock, valued at approximately $2,444,895.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Deborah L. Stahlkopf sold 3,142 shares of the business’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $48.78, for a total transaction of $153,266.76. Following the transaction, the executive vice president now directly owns 180,697 shares in the company, valued at approximately $8,814,399.66. The disclosure for this sale can be found here. Insiders have sold a total of 16,654 shares of company stock valued at $813,946 in the last 90 days. 0.02% of the stock is owned by insiders.

Cisco Systems Profile

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Cisco Systems, Inc engages in the design, manufacture, and sale of Internet Protocol-based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its products include the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security.