Cisco Systems, Inc. (NASDAQ:CSCO) Stake Cut by Walkner Condon Financial Advisors LLC

Walkner Condon Financial Advisors LLC reduced its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,845 shares of the network equipment provider’s stock after selling 222 shares during the period. Walkner Condon Financial Advisors LLC’s holdings in Cisco Systems were worth $346,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Values Added Financial LLC purchased a new stake in shares of Cisco Systems during the 4th quarter worth about $291,000. Catalyst Financial Partners LLC raised its stake in shares of Cisco Systems by 4.5% during the 4th quarter. Catalyst Financial Partners LLC now owns 21,309 shares of the network equipment provider’s stock worth $1,261,000 after purchasing an additional 920 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Cisco Systems by 0.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,872,504 shares of the network equipment provider’s stock worth $111,610,000 after purchasing an additional 14,057 shares in the last quarter. Intelligence Driven Advisers LLC purchased a new stake in shares of Cisco Systems during the 4th quarter worth about $247,000. Finally, Avestar Capital LLC raised its stake in shares of Cisco Systems by 11.4% during the 4th quarter. Avestar Capital LLC now owns 22,256 shares of the network equipment provider’s stock worth $1,318,000 after purchasing an additional 2,272 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on CSCO shares. Melius Research raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Melius raised Cisco Systems from a “hold” rating to a “buy” rating and increased their price objective for the company from $66.00 to $73.00 in a report on Monday, January 6th. Morgan Stanley raised their target price on Cisco Systems from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Rosenblatt Securities raised Cisco Systems from a “neutral” rating to a “buy” rating and raised their target price for the company from $66.00 to $80.00 in a report on Thursday. Finally, StockNews.com raised Cisco Systems from a “buy” rating to a “strong-buy” rating in a report on Friday. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Cisco Systems has a consensus rating of “Moderate Buy” and an average target price of $66.53.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 21,230 shares of Cisco Systems stock in a transaction on 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 transaction, the executive vice president now owns 213,834 shares in the company, valued at approximately $12,203,506.38. The trade was a 9.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kristina M. Johnson sold 7,500 shares of the business’s 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 sale, the director now owns 65,915 shares of the company’s stock, valued at approximately $3,946,331.05. The trade was a 10.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,239 shares of company stock worth $2,166,612. 0.01% of the stock is currently owned by insiders.

Cisco Systems Price Performance

Cisco Systems stock opened at $64.87 on Friday. 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 market capitalization of $258.36 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 4.63 and a beta of 0.84. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $66.50. The business has a 50 day simple moving average of $59.97 and a 200 day simple moving average of $55.42.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. On average, sell-side analysts forecast that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be given a $0.41 dividend. This is an increase from Cisco Systems’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 3rd. This represents a $1.64 annualized dividend and a yield of 2.53%. Cisco Systems’s payout ratio is presently 68.67%.

Cisco Systems announced that its board has authorized a share repurchase program on Wednesday, February 12th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the network equipment provider to reacquire up to 6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.