Cisco Systems, Inc. (NASDAQ:CSCO) Stock Position Reduced by Flputnam Investment Management Co.

Flputnam Investment Management Co. cut its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 237,032 shares of the network equipment provider’s stock after selling 14,212 shares during the period. Flputnam Investment Management Co.’s holdings in Cisco Systems were worth $11,975,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealthspire Advisors LLC grew its position in Cisco Systems by 48.1% during the third quarter. Wealthspire Advisors LLC now owns 71,385 shares of the network equipment provider’s stock valued at $3,838,000 after purchasing an additional 23,194 shares in the last quarter. HBK Sorce Advisory LLC lifted its stake in Cisco Systems by 0.5% in the third quarter. HBK Sorce Advisory LLC now owns 64,136 shares of the network equipment provider’s stock valued at $3,448,000 after acquiring an additional 301 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Cisco Systems in the fourth quarter valued at approximately $28,685,000. Adage Capital Partners GP L.L.C. lifted its stake in Cisco Systems by 1.1% in the third quarter. Adage Capital Partners GP L.L.C. now owns 4,470,521 shares of the network equipment provider’s stock valued at $240,335,000 after acquiring an additional 49,700 shares during the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC lifted its stake in Cisco Systems by 0.6% in the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 192,674 shares of the network equipment provider’s stock valued at $9,734,000 after acquiring an additional 1,097 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Stock Performance

Cisco Systems stock traded down $0.25 on Monday, hitting $48.24. The company’s stock had a trading volume of 20,217,068 shares, compared to its average volume of 19,724,402. The firm has a market cap of $195.33 billion, a P/E ratio of 14.67, a price-to-earnings-growth ratio of 2.78 and a beta of 0.87. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average price of $49.25 and a 200-day moving average price of $50.41. Cisco Systems, Inc. has a one year low of $45.56 and a one year high of $58.19.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.03. The firm had revenue of $12.79 billion for the quarter, compared to analyst estimates of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 EPS. On average, equities analysts anticipate that Cisco Systems, Inc. will post 3.15 earnings per share for the current year.

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th will be issued a $0.40 dividend. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, April 3rd. This represents a $1.60 annualized dividend and a dividend yield of 3.32%. Cisco Systems’s dividend payout ratio is presently 48.63%.

Wall Street Analysts Forecast Growth

CSCO has been the subject of a number of analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a research note on Tuesday, April 9th. Bank of America upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and lifted their target price for the company from $55.00 to $60.00 in a research note on Monday. StockNews.com cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Melius cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Citigroup initiated coverage on shares of Cisco Systems in a research note on Friday. They issued a “neutral” rating and a $52.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Cisco Systems has a consensus rating of “Hold” and a consensus target price of $56.03.

Insider Transactions at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 3,002 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the sale, the executive vice president now owns 191,559 shares of the company’s stock, valued at approximately $9,579,865.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Deborah L. Stahlkopf sold 3,002 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the sale, the executive vice president now owns 191,559 shares of the company’s stock, valued at approximately $9,579,865.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total transaction of $124,850.00. Following the completion of the sale, the senior vice president now directly owns 58,121 shares in the company, valued at approximately $2,906,050. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,441 shares of company stock valued at $972,080. 0.02% of the stock is owned by insiders.

About Cisco Systems

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.