Wealthcare Advisory Partners LLC Decreases Position in Cisco Systems, Inc. $CSCO

Wealthcare Advisory Partners LLC lessened its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 79,268 shares of the network equipment provider’s stock after selling 8,775 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Cisco Systems were worth $6,106,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Cisco Systems by 6.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,189,645 shares of the network equipment provider’s stock worth $218,236,000 after buying an additional 205,043 shares during the last quarter. Greystone Financial Group LLC purchased a new stake in Cisco Systems during the third quarter valued at $8,563,000. Jones Financial Companies Lllp lifted its holdings in Cisco Systems by 8.9% in the third quarter. Jones Financial Companies Lllp now owns 686,469 shares of the network equipment provider’s stock valued at $46,165,000 after acquiring an additional 56,057 shares during the period. Rockland Trust Co. boosted its position in Cisco Systems by 213.8% in the third quarter. Rockland Trust Co. now owns 20,497 shares of the network equipment provider’s stock worth $1,402,000 after purchasing an additional 13,966 shares during the last quarter. Finally, CX Institutional boosted its position in Cisco Systems by 11.0% in the third quarter. CX Institutional now owns 144,336 shares of the network equipment provider’s stock worth $9,875,000 after purchasing an additional 14,334 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CSCO shares. Erste Group Bank downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cisco Systems in a report on Tuesday, January 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 price target on shares of Cisco Systems in a research report on Thursday, February 12th. Morgan Stanley lifted their price target on shares of Cisco Systems from $82.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 17th. Finally, President Capital reduced their price objective on Cisco Systems from $90.00 to $88.00 in a research note on Wednesday, December 24th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $89.55.

Insider Buying and Selling at Cisco Systems

In related news, SVP Maria Victoria Wong sold 2,179 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $77.74, for a total value of $169,395.46. Following the sale, the senior vice president directly owned 28,807 shares in the company, valued at approximately $2,239,456.18. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 7,981 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $79.50, for a total value of $634,489.50. Following the transaction, the executive vice president owned 187,097 shares of the company’s stock, valued at $14,874,211.50. This represents a 4.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 46,431 shares of company stock worth $3,574,820. Insiders own 0.01% of the company’s stock.

Cisco Systems Trading Down 2.7%

Shares of CSCO opened at $79.92 on Friday. The firm has a market cap of $315.68 billion, a P/E ratio of 28.04, a price-to-earnings-growth ratio of 3.02 and a beta of 0.87. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.96 and a quick ratio of 0.85. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 year high of $88.18. The company has a 50 day simple moving average of $78.97 and a two-hundred day simple moving average of $75.30.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.02 by $0.02. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. The firm had revenue of $15.35 billion for the quarter, compared to the consensus estimate of $15.11 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Thursday, April 2nd will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, April 2nd. This is an increase from Cisco Systems’s previous quarterly dividend of $0.41. Cisco Systems’s dividend payout ratio is presently 57.54%.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.