Lmcg Investments LLC Has $7.04 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Lmcg Investments LLC cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 39.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 148,268 shares of the network equipment provider’s stock after selling 96,013 shares during the quarter. Lmcg Investments LLC’s holdings in Cisco Systems were worth $7,044,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Gilbert & Cook Inc. lifted its stake in Cisco Systems by 1.1% in the 4th quarter. Gilbert & Cook Inc. now owns 23,417 shares of the network equipment provider’s stock valued at $1,183,000 after acquiring an additional 264 shares in the last quarter. Gryphon Financial Partners LLC lifted its stake in Cisco Systems by 104.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 23,064 shares of the network equipment provider’s stock valued at $1,177,000 after acquiring an additional 11,767 shares in the last quarter. Sachetta LLC bought a new stake in Cisco Systems in the 4th quarter valued at approximately $306,000. D.A. Davidson & CO. lifted its stake in Cisco Systems by 0.7% in the 4th quarter. D.A. Davidson & CO. now owns 551,950 shares of the network equipment provider’s stock valued at $27,885,000 after acquiring an additional 3,588 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its stake in Cisco Systems by 2.8% in the 4th quarter. Corient Private Wealth LLC now owns 3,022,427 shares of the network equipment provider’s stock valued at $152,693,000 after acquiring an additional 82,374 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CSCO shares. Hsbc Global Res upgraded Cisco Systems to a “strong-buy” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft upped their price objective on Cisco Systems from $52.00 to $53.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Barclays dropped their price objective on Cisco Systems from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 15th. New Street Research upgraded Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Thursday, August 15th. Finally, HSBC upgraded Cisco Systems from a “hold” rating to a “buy” rating and upped their price objective for the stock from $46.00 to $58.00 in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Cisco Systems currently has a consensus rating of “Hold” and an average target price of $55.89.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO opened at $51.03 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.91 and a quick ratio of 0.83. The stock’s fifty day moving average price is $48.15 and its two-hundred day moving average price is $47.98. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $56.28. The firm has a market cap of $205.59 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 3.87 and a beta of 0.83.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Cisco Systems had a return on equity of 27.83% and a net margin of 19.18%. The firm had revenue of $13.64 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same period in the prior year, the firm posted $1.01 EPS. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. On average, equities analysts forecast that Cisco Systems, Inc. will post 2.9 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Wednesday, October 2nd. Cisco Systems’s dividend payout ratio (DPR) is currently 53.87%.

Insider Transactions at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 1,328 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $48.92, for a total transaction of $64,965.76. Following the sale, the executive vice president now directly owns 132,910 shares of the company’s stock, valued at approximately $6,501,957.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Charles Robbins sold 27,143 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $49.45, for a total value of $1,342,221.35. Following the sale, the chief executive officer now directly owns 683,403 shares of the company’s stock, valued at $33,794,278.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thimaya K. Subaiya sold 1,328 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $48.92, for a total value of $64,965.76. Following the completion of the sale, the executive vice president now directly owns 132,910 shares in the company, valued at $6,501,957.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,529 shares of company stock valued at $3,509,049. 0.02% of the stock is owned by corporate insiders.

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.