Sunbelt Securities Inc. Has $2.09 Million Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Sunbelt Securities Inc. trimmed its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 9.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,332 shares of the network equipment provider’s stock after selling 3,871 shares during the period. Sunbelt Securities Inc.’s holdings in Cisco Systems were worth $2,093,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Financial Avengers Inc. grew its holdings in shares of Cisco Systems by 76.9% in the 3rd quarter. Financial Avengers Inc. now owns 3,001 shares of the network equipment provider’s stock valued at $160,000 after acquiring an additional 1,305 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in Cisco Systems by 6.6% in the third quarter. Coldstream Capital Management Inc. now owns 180,538 shares of the network equipment provider’s stock valued at $9,650,000 after purchasing an additional 11,139 shares in the last quarter. Twin Lakes Capital Management LLC grew its stake in Cisco Systems by 2.5% in the third quarter. Twin Lakes Capital Management LLC now owns 14,824 shares of the network equipment provider’s stock valued at $789,000 after purchasing an additional 365 shares in the last quarter. RB Capital Management LLC raised its stake in shares of Cisco Systems by 2.9% during the 3rd quarter. RB Capital Management LLC now owns 9,850 shares of the network equipment provider’s stock worth $524,000 after purchasing an additional 277 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Cisco Systems by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 95,630,469 shares of the network equipment provider’s stock valued at $5,075,320,000 after buying an additional 1,262,017 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cisco Systems

In other news, SVP Maria Victoria Wong sold 638 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $49.09, for a total value of $31,319.42. Following the completion of the transaction, the senior vice president now owns 46,017 shares of the company’s stock, valued at $2,258,974.53. This represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Thimaya K. Subaiya sold 1,328 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $48.92, for a total transaction of $64,965.76. Following the completion of the sale, the executive vice president now directly owns 132,910 shares in the company, valued at approximately $6,501,957.20. This represents a 0.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 351,860 shares of company stock worth $20,231,558 over the last quarter. Corporate insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CSCO. JPMorgan Chase & Co. upgraded shares of Cisco Systems from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $55.00 to $66.00 in a report on Monday, November 11th. HSBC raised shares of Cisco Systems from a “hold” rating to a “buy” rating and upped their target price for the company from $46.00 to $58.00 in a report on Friday, August 16th. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a report on Thursday, August 15th. Bank of America upped their price objective on Cisco Systems from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Rosenblatt Securities lifted their target price on Cisco Systems from $56.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.94.

Cisco Systems Stock Down 0.4 %

NASDAQ CSCO opened at $58.72 on Wednesday. The business has a fifty day moving average price of $56.65 and a two-hundred day moving average price of $51.05. The stock has a market capitalization of $233.87 billion, a PE ratio of 25.20, a PEG ratio of 4.39 and a beta of 0.85. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $60.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. The business had revenue of $13.84 billion for the quarter, compared to analyst estimates of $13.78 billion. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. Cisco Systems’s revenue was down 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. Equities analysts expect that Cisco Systems, Inc. will post 2.97 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Friday, January 3rd. Cisco Systems’s dividend payout ratio is 68.67%.

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.