Accel Wealth Management Has $630,000 Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Accel Wealth Management reduced its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 10.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,635 shares of the network equipment provider’s stock after selling 1,293 shares during the quarter. Accel Wealth Management’s holdings in Cisco Systems were worth $630,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. apricus wealth LLC increased its stake in Cisco Systems by 5.7% in the fourth quarter. apricus wealth LLC now owns 53,840 shares of the network equipment provider’s stock valued at $3,187,000 after purchasing an additional 2,891 shares in the last quarter. Firethorn Wealth Partners LLC increased its position in shares of Cisco Systems by 4.6% in the 4th quarter. Firethorn Wealth Partners LLC now owns 6,460 shares of the network equipment provider’s stock valued at $382,000 after buying an additional 287 shares in the last quarter. Pflug Koory LLC raised its stake in Cisco Systems by 0.5% during the 4th quarter. Pflug Koory LLC now owns 33,026 shares of the network equipment provider’s stock worth $1,955,000 after buying an additional 165 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Cisco Systems by 87.5% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,706 shares of the network equipment provider’s stock worth $101,000 after acquiring an additional 796 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in Cisco Systems by 60.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 8,219 shares of the network equipment provider’s stock valued at $487,000 after acquiring an additional 3,093 shares during the period. 73.33% of the stock is owned by institutional investors.

Insider Buying and Selling at Cisco Systems

In other news, CFO Richard Scott Herren sold 86,351 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $57.49, for a total transaction of $4,964,318.99. Following the completion of the transaction, the chief financial officer now owns 365,314 shares of the company’s stock, valued at approximately $21,001,901.86. This trade represents a 19.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles Robbins sold 171,744 shares of Cisco Systems stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $9,873,562.56. Following the transaction, the chief executive officer now directly owns 783,786 shares in the company, valued at $45,059,857.14. The trade was a 17.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 353,522 shares of company stock valued at $20,349,721. 0.01% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CSCO shares. Tigress Financial boosted their price objective on Cisco Systems from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Barclays increased their price objective on shares of Cisco Systems from $49.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Bank of America upped their target price on shares of Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Citigroup boosted their price target on Cisco Systems from $64.00 to $68.00 and gave the company a “buy” rating in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. upgraded Cisco Systems from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $55.00 to $66.00 in a report on Monday, November 11th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Cisco Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.50.

Cisco Systems Price Performance

Shares of Cisco Systems stock opened at $62.23 on Friday. The company has a 50-day simple moving average of $59.22 and a two-hundred day simple moving average of $54.03. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $62.31. The stock has a market capitalization of $247.85 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 4.59 and a beta of 0.84. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. The company had revenue of $13.84 billion for the quarter, compared to analyst estimates of $13.78 billion. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. Cisco Systems’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. Analysts forecast that Cisco Systems, Inc. will post 2.97 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.57%. The ex-dividend date was Friday, January 3rd. Cisco Systems’s payout ratio is presently 68.67%.

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.