Raab & Moskowitz Asset Management LLC Decreases Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Raab & Moskowitz Asset Management LLC lowered its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 17.5% in the fourth quarter, Holdings Channel reports. The firm owned 6,243 shares of the network equipment provider’s stock after selling 1,323 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Cisco Systems were worth $315,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Spinnaker Trust grew its holdings in shares of Cisco Systems by 1.4% during the 4th quarter. Spinnaker Trust now owns 78,380 shares of the network equipment provider’s stock worth $3,960,000 after purchasing an additional 1,054 shares during the period. Kovack Advisors Inc. boosted its holdings in Cisco Systems by 1.1% in the 4th quarter. Kovack Advisors Inc. now owns 23,189 shares of the network equipment provider’s stock worth $1,172,000 after acquiring an additional 255 shares during the period. AM Investment Strategies LLC boosted its holdings in Cisco Systems by 16.9% in the 4th quarter. AM Investment Strategies LLC now owns 8,558 shares of the network equipment provider’s stock worth $432,000 after acquiring an additional 1,235 shares during the period. Evolution Advisers Inc. boosted its holdings in Cisco Systems by 156.4% in the 4th quarter. Evolution Advisers Inc. now owns 1,428 shares of the network equipment provider’s stock worth $72,000 after acquiring an additional 871 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Cisco Systems by 2.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,778,542 shares of the network equipment provider’s stock worth $89,852,000 after acquiring an additional 45,800 shares during the period. Hedge funds and other 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 stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the sale, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at $16,424,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the sale, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at $16,424,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total value of $150,130.02. Following the completion of the sale, 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. Insiders have sold 19,441 shares of company stock valued at $972,080 over the last three months. Company insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CSCO. Wells Fargo & Company began coverage on Cisco Systems in a report on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 price target for the company. Citigroup began coverage on Cisco Systems in a report on Friday, April 12th. They issued a “neutral” rating and a $52.00 price target for the company. Melius cut Cisco Systems from a “buy” rating to a “hold” rating in a report on Monday, January 8th. StockNews.com cut Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Finally, JPMorgan Chase & Co. began coverage on Cisco Systems in a research report on Monday, April 22nd. They issued a “neutral” rating and a $53.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $55.53.

Cisco Systems Stock Performance

Shares of CSCO stock traded down $0.24 on Friday, hitting $47.86. 14,658,910 shares of the stock traded hands, compared to its average volume of 16,851,638. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26. The company has a market capitalization of $193.79 billion, a PE ratio of 14.55, a PEG ratio of 2.78 and a beta of 0.87. Cisco Systems, Inc. has a 1-year low of $45.56 and a 1-year high of $58.19. The company’s fifty day moving average is $48.94 and its 200 day moving average is $50.06.

Cisco Systems (NASDAQ:CSCO) last posted 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 business had revenue of $12.79 billion for the quarter, compared to analyst estimates of $12.71 billion. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The business’s revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS. On average, equities research analysts predict that Cisco Systems, Inc. will post 3.13 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

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

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.