Bellevue Asset Management LLC Decreases Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Bellevue Asset Management LLC reduced its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,595 shares of the network equipment provider’s stock after selling 681 shares during the period. Bellevue Asset Management LLC’s holdings in Cisco Systems were worth $687,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Bordeaux Wealth Advisors LLC raised its holdings in Cisco Systems by 17.0% in the 4th quarter. Bordeaux Wealth Advisors LLC now owns 12,370 shares of the network equipment provider’s stock valued at $625,000 after acquiring an additional 1,801 shares during the last quarter. Loudon Investment Management LLC boosted its stake in Cisco Systems by 1.6% during the fourth quarter. Loudon Investment Management LLC now owns 80,462 shares of the network equipment provider’s stock worth $4,326,000 after buying an additional 1,253 shares during the last quarter. Carson Advisory Inc. grew its holdings in Cisco Systems by 4.4% in the 4th quarter. Carson Advisory Inc. now owns 5,667 shares of the network equipment provider’s stock valued at $286,000 after buying an additional 240 shares in the last quarter. Summit Global Investments increased its stake in shares of Cisco Systems by 6.3% in the 4th quarter. Summit Global Investments now owns 209,138 shares of the network equipment provider’s stock worth $10,566,000 after acquiring an additional 12,402 shares during the last quarter. Finally, Beacon Harbor Wealth Advisors Inc. raised its holdings in shares of Cisco Systems by 1.5% during the 4th quarter. Beacon Harbor Wealth Advisors Inc. now owns 114,787 shares of the network equipment provider’s stock worth $5,799,000 after acquiring an additional 1,736 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Analysts Set New Price Targets

Several equities research 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. Morgan Stanley began coverage on Cisco Systems in a research note on Tuesday, April 9th. They set an “overweight” rating and a $58.00 target price for the company. Barclays upped their price target on Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. UBS Group raised their price objective on Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Finally, Wells Fargo & Company assumed coverage on shares of Cisco Systems in a research report on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 target price on the stock. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Cisco Systems presently has a consensus rating of “Hold” and an average price target of $55.53.

Insider Activity

In related news, SVP Maria Victoria Wong sold 2,497 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total transaction of $124,850.00. Following the completion of the sale, the senior vice president now owns 58,121 shares in the company, valued at $2,906,050. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the transaction, the executive vice president now owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Maria Victoria Wong sold 2,497 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the completion of the sale, the senior vice president now directly owns 58,121 shares of the company’s stock, valued at $2,906,050. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,441 shares of company stock worth $972,080. 0.02% of the stock is currently owned by insiders.

Cisco Systems Stock Up 0.7 %

Shares of Cisco Systems stock traded up $0.33 on Friday, reaching $47.12. 17,935,302 shares of the company were exchanged, compared to its average volume of 17,219,910. The stock’s 50 day moving average price is $48.79 and its 200-day moving average price is $49.83. The company has a market cap of $190.80 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 2.72 and a beta of 0.87. Cisco Systems, Inc. has a 1-year low of $45.56 and a 1-year high of $58.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. The company had revenue of $12.79 billion for the quarter, compared to the consensus estimate of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 EPS. As a group, equities analysts forecast that Cisco Systems, Inc. will post 3.13 EPS for the current year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th were given a dividend of $0.40 per share. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Wednesday, April 3rd. Cisco Systems’s dividend payout ratio is currently 48.63%.

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.