Herold Advisors Inc. Sells 1,209 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Herold Advisors Inc. decreased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 30,119 shares of the network equipment provider’s stock after selling 1,209 shares during the quarter. Herold Advisors Inc.’s holdings in Cisco Systems were worth $1,522,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CSCO. Alhambra Investment Partners LLC lifted its stake in Cisco Systems by 6.1% in the 3rd quarter. Alhambra Investment Partners LLC now owns 28,353 shares of the network equipment provider’s stock valued at $1,524,000 after purchasing an additional 1,618 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in Cisco Systems by 15.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 4,309 shares of the network equipment provider’s stock valued at $232,000 after purchasing an additional 565 shares during the last quarter. GHP Investment Advisors Inc. lifted its stake in Cisco Systems by 0.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 162,804 shares of the network equipment provider’s stock valued at $8,754,000 after purchasing an additional 794 shares during the last quarter. Ellenbecker Investment Group bought a new position in Cisco Systems in the 3rd quarter valued at approximately $246,000. Finally, Rheos Capital Works Inc. lifted its stake in Cisco Systems by 162.4% in the 3rd quarter. Rheos Capital Works Inc. now owns 196,300 shares of the network equipment provider’s stock valued at $10,553,000 after purchasing an additional 121,500 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Insiders Place Their Bets

In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the transaction, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at $16,424,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the transaction, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at $16,424,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction of $150,130.02. Following the completion of the transaction, the executive vice president now directly owns 191,559 shares in the company, valued at $9,579,865.59. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,441 shares of company stock worth $972,080. 0.02% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on CSCO. StockNews.com downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. UBS Group upped their price target on shares of Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. started coverage on shares of Cisco Systems in a research report on Monday, April 22nd. They issued a “neutral” rating and a $53.00 price target for the company. Wells Fargo & Company started coverage on shares of Cisco Systems in a research report on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 price target for the company. Finally, Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $55.53.

Cisco Systems Trading Down 0.5 %

NASDAQ:CSCO opened at $47.86 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $193.79 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 2.78 and a beta of 0.87. The firm has a fifty day simple moving average of $48.94 and a two-hundred day simple moving average of $50.06. Cisco Systems, Inc. has a 12 month low of $45.56 and a 12 month high of $58.19.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The business had revenue of $12.79 billion during the quarter, compared to analysts’ expectations of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period last year, the company posted $0.76 earnings per share. Analysts expect that Cisco Systems, Inc. will post 3.13 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.34%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Wednesday, April 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 48.63%.

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.