CTC Alternative Strategies Ltd. Has $212,000 Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

CTC Alternative Strategies Ltd. reduced its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 78.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,991 shares of the network equipment provider’s stock after selling 14,394 shares during the quarter. CTC Alternative Strategies Ltd.’s holdings in Cisco Systems were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Lantz Financial LLC increased its stake in shares of Cisco Systems by 1.2% during the second quarter. Lantz Financial LLC now owns 60,993 shares of the network equipment provider’s stock worth $2,898,000 after purchasing an additional 736 shares during the period. Park National Corp OH increased its position in Cisco Systems by 11.6% during the 2nd quarter. Park National Corp OH now owns 1,100,398 shares of the network equipment provider’s stock worth $52,280,000 after buying an additional 114,770 shares during the period. Ballast Inc. lifted its holdings in shares of Cisco Systems by 18.9% during the second quarter. Ballast Inc. now owns 27,245 shares of the network equipment provider’s stock worth $1,294,000 after buying an additional 4,329 shares in the last quarter. Matrix Asset Advisors Inc. NY boosted its position in shares of Cisco Systems by 13.4% in the second quarter. Matrix Asset Advisors Inc. NY now owns 573,853 shares of the network equipment provider’s stock valued at $27,264,000 after acquiring an additional 68,020 shares during the period. Finally, Chatham Capital Group Inc. grew its stake in shares of Cisco Systems by 2.0% in the second quarter. Chatham Capital Group Inc. now owns 157,368 shares of the network equipment provider’s stock valued at $7,477,000 after acquiring an additional 3,149 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Insider Activity

In related news, Director Kristina M. Johnson sold 7,500 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $59.87, for a total value of $449,025.00. Following the completion of the sale, the director now directly owns 65,915 shares in the company, valued at $3,946,331.05. This represents a 10.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Charles Robbins sold 171,744 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $9,873,562.56. Following the transaction, the chief executive officer now directly owns 783,786 shares of the company’s stock, valued at approximately $45,059,857.14. This represents a 17.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 351,860 shares of company stock valued at $20,231,558. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Price Performance

CSCO stock opened at $59.89 on Friday. The stock has a market cap of $238.53 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 4.44 and a beta of 0.85. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80. The company has a 50 day simple moving average of $56.53 and a 200 day simple moving average of $50.94. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $60.23.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The firm had revenue of $13.84 billion for the quarter, compared to analysts’ expectations of $13.78 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The company’s revenue was down 5.6% on a year-over-year basis. Research analysts anticipate that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be given a $0.40 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.67%. Cisco Systems’s dividend payout ratio is presently 68.67%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CSCO shares. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a report on Thursday, August 15th. Jefferies Financial Group cut their price target on Cisco Systems from $56.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Evercore ISI raised their price objective on Cisco Systems from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. UBS Group upped their target price on Cisco Systems from $55.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, StockNews.com raised Cisco Systems from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.94.

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.