Monarch Capital Management Inc. Sells 225 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Monarch Capital Management Inc. cut its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 143,371 shares of the network equipment provider’s stock after selling 225 shares during the period. Cisco Systems comprises 2.3% of Monarch Capital Management Inc.’s portfolio, making the stock its 13th biggest position. Monarch Capital Management Inc.’s holdings in Cisco Systems were worth $8,488,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CSCO. Astoria Portfolio Advisors LLC. increased its stake in shares of Cisco Systems by 5.1% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 12,949 shares of the network equipment provider’s stock valued at $768,000 after buying an additional 623 shares during the period. Financial Management Professionals Inc. grew its holdings in Cisco Systems by 8.4% during the 4th quarter. Financial Management Professionals Inc. now owns 10,682 shares of the network equipment provider’s stock worth $632,000 after acquiring an additional 830 shares in the last quarter. Jackson Square Capital LLC increased its position in Cisco Systems by 53.5% during the 4th quarter. Jackson Square Capital LLC now owns 35,893 shares of the network equipment provider’s stock valued at $2,125,000 after purchasing an additional 12,513 shares during the period. Krilogy Financial LLC raised its holdings in shares of Cisco Systems by 9.4% in the 4th quarter. Krilogy Financial LLC now owns 11,622 shares of the network equipment provider’s stock valued at $688,000 after purchasing an additional 1,001 shares in the last quarter. Finally, TruWealth Advisors LLC lifted its position in shares of Cisco Systems by 0.5% in the 4th quarter. TruWealth Advisors LLC now owns 426,917 shares of the network equipment provider’s stock worth $25,273,000 after purchasing an additional 2,172 shares during the period. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 586 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $58.69, for a total value of $34,392.34. Following the transaction, the senior vice president now directly owns 50,767 shares of the company’s stock, valued at $2,979,515.23. This trade represents a 1.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Richard Scott Herren sold 86,351 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 $4,964,318.99. Following the completion of the sale, the chief financial officer now directly owns 365,314 shares of the company’s stock, valued at $21,001,901.86. This trade represents a 19.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 353,522 shares of company stock worth $20,349,721 in the last 90 days. Corporate insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on CSCO shares. Bank of America upped their target price on Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Wells Fargo & Company upped their price objective on Cisco Systems from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Melius Research upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Tigress Financial boosted their target price on shares of Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Finally, UBS Group raised their price target on shares of Cisco Systems from $55.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.50.

Cisco Systems Price Performance

NASDAQ:CSCO opened at $60.23 on Friday. The firm’s fifty day moving average is $58.91 and its two-hundred day moving average is $53.52. The firm has a market cap of $239.88 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 4.37 and a beta of 0.84. 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 one year low of $44.50 and a one year high of $60.95.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, topping 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 return on equity of 25.70% and a net margin of 17.73%. The company’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 earnings per share. Research analysts expect that Cisco Systems, Inc. will post 2.97 EPS for the current year.

Cisco Systems Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.66%. Cisco Systems’s dividend payout ratio is presently 68.67%.

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.