Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Crescent Sterling Ltd.

Crescent Sterling Ltd. lowered its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,989 shares of the network equipment provider’s stock after selling 465 shares during the quarter. Cisco Systems makes up approximately 2.9% of Crescent Sterling Ltd.’s holdings, making the stock its 11th largest position. Crescent Sterling Ltd.’s holdings in Cisco Systems were worth $2,841,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Matrix Trust Co raised its holdings in shares of Cisco Systems by 518.3% during the fourth quarter. Matrix Trust Co now owns 4,563 shares of the network equipment provider’s stock valued at $270,000 after buying an additional 3,825 shares during the last quarter. Aprio Wealth Management LLC raised its stake in Cisco Systems by 48.0% during the 4th quarter. Aprio Wealth Management LLC now owns 11,052 shares of the network equipment provider’s stock valued at $654,000 after acquiring an additional 3,583 shares in the last quarter. Czech National Bank boosted its position in Cisco Systems by 5.3% during the 4th quarter. Czech National Bank now owns 864,248 shares of the network equipment provider’s stock worth $51,163,000 after acquiring an additional 43,536 shares during the period. Highline Wealth Partners LLC grew its stake in shares of Cisco Systems by 76.7% in the fourth quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider’s stock worth $35,000 after purchasing an additional 260 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Cisco Systems by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 47,984 shares of the network equipment provider’s stock valued at $2,841,000 after purchasing an additional 1,175 shares during the period. 73.33% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Cisco Systems news, CEO Charles Robbins sold 171,744 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $57.49, for a total transaction 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 $45,059,857.14. This represents a 17.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Thimaya K. Subaiya sold 21,230 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $57.07, for a total value of $1,211,596.10. Following the completion of the sale, the executive vice president now directly owns 213,834 shares of the company’s stock, valued at $12,203,506.38. This represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 353,522 shares of company stock valued at $20,349,721 in the last three months. Insiders own 0.01% of the company’s stock.

Cisco Systems Trading Down 0.8 %

NASDAQ CSCO opened at $58.74 on Monday. The firm’s 50 day moving average price is $58.67 and its two-hundred day moving average price is $53.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $60.23. The stock has a market cap of $233.95 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 4.37 and a beta of 0.84.

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

Cisco Systems Announces Dividend

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 paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.72%. Cisco Systems’s dividend payout ratio (DPR) is currently 68.67%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CSCO shares. StockNews.com upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Morgan Stanley increased their price objective on shares of Cisco Systems from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Melius raised Cisco Systems from a “hold” rating to a “buy” rating and boosted their target price for the stock from $66.00 to $73.00 in a report on Monday, January 6th. Bank of America increased their price target 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, Evercore ISI boosted 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. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and an average target price of $61.28.

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.