Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by O Brien Greene & Co. Inc

O Brien Greene & Co. Inc cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 142,830 shares of the network equipment provider’s stock after selling 510 shares during the quarter. Cisco Systems accounts for 2.5% of O Brien Greene & Co. Inc’s holdings, making the stock its 12th largest holding. O Brien Greene & Co. Inc’s holdings in Cisco Systems were worth $7,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in CSCO. AM Investment Strategies LLC boosted its stake in Cisco Systems by 16.9% during the 4th quarter. AM Investment Strategies LLC now owns 8,558 shares of the network equipment provider’s stock worth $432,000 after purchasing an additional 1,235 shares during the last quarter. Evolution Advisers Inc. lifted its stake in Cisco Systems by 156.4% in the 4th quarter. Evolution Advisers Inc. now owns 1,428 shares of the network equipment provider’s stock worth $72,000 after purchasing an additional 871 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Cisco Systems by 2.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,778,542 shares of the network equipment provider’s stock valued at $89,852,000 after purchasing an additional 45,800 shares in the last quarter. Syon Capital LLC increased its holdings in shares of Cisco Systems by 16.9% in the fourth quarter. Syon Capital LLC now owns 22,140 shares of the network equipment provider’s stock valued at $1,119,000 after purchasing an additional 3,205 shares during the last quarter. Finally, Two Point Capital Management Inc. lifted its position in Cisco Systems by 4.7% during the fourth quarter. Two Point Capital Management Inc. now owns 173,101 shares of the network equipment provider’s stock worth $8,745,000 after buying an additional 7,700 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the transaction, the executive vice president now owns 191,559 shares in the company, valued at approximately $9,579,865.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction of $150,130.02. Following the sale, the executive vice president now directly owns 191,559 shares in the company, valued at approximately $9,579,865.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard Scott Herren sold 13,942 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the transaction, the chief financial officer now directly owns 328,491 shares in the company, valued at $16,424,550. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,441 shares of company stock worth $972,080. Company insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Bank of America raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and lifted their price target for the company from $55.00 to $60.00 in a research report on Monday, April 15th. Barclays upped their target price on shares of Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Wells Fargo & Company assumed coverage on shares of Cisco Systems in a research report on Thursday, February 15th. They set an “equal weight” rating and a $52.00 price target for the company. Melius Research restated a “hold” rating and issued a $55.00 price objective on shares of Cisco Systems in a report on Monday, January 8th. Finally, Melius cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Cisco Systems currently has a consensus rating of “Hold” and an average price target of $55.53.

Cisco Systems Trading Down 0.5 %

Shares of Cisco Systems stock opened at $47.86 on Friday. The company has a fifty day simple moving average of $48.94 and a 200-day simple moving average of $50.06. Cisco Systems, Inc. has a 12-month low of $45.56 and a 12-month high of $58.19. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14. The stock has a market cap of $193.79 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 2.78 and a beta of 0.87.

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

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Wednesday, April 3rd. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio is 48.63%.

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.