KRS Capital Management LLC Decreases Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

KRS Capital Management LLC reduced its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,094 shares of the network equipment provider’s stock after selling 962 shares during the quarter. KRS Capital Management LLC’s holdings in Cisco Systems were worth $803,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CSCO. Samalin Investment Counsel LLC grew its position in shares of Cisco Systems by 14.1% in the 3rd quarter. Samalin Investment Counsel LLC now owns 4,523 shares of the network equipment provider’s stock worth $243,000 after buying an additional 558 shares during the period. Private Advisory Group LLC grew its position in shares of Cisco Systems by 7.2% in the 3rd quarter. Private Advisory Group LLC now owns 4,664 shares of the network equipment provider’s stock worth $251,000 after buying an additional 314 shares during the period. Bank of Nova Scotia grew its position in shares of Cisco Systems by 9.7% in the 3rd quarter. Bank of Nova Scotia now owns 489,244 shares of the network equipment provider’s stock worth $26,302,000 after buying an additional 43,069 shares during the period. Morningstar Investment Services LLC grew its position in shares of Cisco Systems by 30.3% in the 3rd quarter. Morningstar Investment Services LLC now owns 15,343 shares of the network equipment provider’s stock worth $827,000 after buying an additional 3,567 shares during the period. Finally, Cape Cod Five Cents Savings Bank grew its position in shares of Cisco Systems by 92.4% in the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 33,518 shares of the network equipment provider’s stock worth $1,802,000 after buying an additional 16,098 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 8,016 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $48.24, for a total transaction of $386,691.84. Following the completion of the transaction, the executive vice president now owns 180,705 shares in the company, valued at $8,717,209.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Charles Robbins sold 26,331 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $46.10, for a total transaction of $1,213,859.10. Following the sale, the chief executive officer now directly owns 725,363 shares of the company’s stock, valued at approximately $33,439,234.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 8,016 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $48.24, for a total transaction of $386,691.84. Following the completion of the sale, the executive vice president now owns 180,705 shares in the company, valued at approximately $8,717,209.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,106 shares of company stock valued at $1,908,923. 0.02% of the stock is owned by company insiders.

Cisco Systems Stock Performance

CSCO opened at $47.51 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. The company has a market cap of $191.41 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 2.75 and a beta of 0.85. The company’s 50 day moving average is $47.06 and its 200 day moving average is $48.79. Cisco Systems, Inc. has a 12-month low of $44.95 and a 12-month high of $58.19.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.18. The business had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $12.53 billion. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 earnings per share. On average, equities research analysts predict that Cisco Systems, Inc. will post 3.14 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Friday, July 5th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $1.60 dividend on an annualized basis and a yield of 3.37%. Cisco Systems’s dividend payout ratio is presently 53.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CSCO shares. JPMorgan Chase & Co. started coverage on shares of Cisco Systems in a research note on Monday, April 22nd. They issued a “neutral” rating and a $53.00 price target on the stock. StockNews.com cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Citigroup began coverage on shares of Cisco Systems in a research note on Friday, April 12th. They set a “neutral” rating and a $52.00 target price on the stock. Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research note on Monday, June 10th. Finally, Oppenheimer upped their target price on shares of Cisco Systems from $54.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $56.47.

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.