Howe & Rusling Inc. Sells 492 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Howe & Rusling Inc. decreased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,061 shares of the network equipment provider’s stock after selling 492 shares during the period. Howe & Rusling Inc.’s holdings in Cisco Systems were worth $855,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. China Universal Asset Management Co. Ltd. grew its holdings in Cisco Systems by 226.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 26,423 shares of the network equipment provider’s stock valued at $1,319,000 after buying an additional 18,339 shares in the last quarter. EntryPoint Capital LLC increased its position in Cisco Systems by 67.1% during the first quarter. EntryPoint Capital LLC now owns 1,452 shares of the network equipment provider’s stock worth $72,000 after acquiring an additional 583 shares during the period. Stonebridge Capital Advisors LLC raised its stake in Cisco Systems by 2.7% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 58,904 shares of the network equipment provider’s stock worth $2,940,000 after purchasing an additional 1,539 shares in the last quarter. Guardian Capital Advisors LP boosted its holdings in Cisco Systems by 9.0% in the 1st quarter. Guardian Capital Advisors LP now owns 7,067 shares of the network equipment provider’s stock valued at $338,000 after purchasing an additional 582 shares during the period. Finally, 1832 Asset Management L.P. grew its position in shares of Cisco Systems by 87.8% during the 1st quarter. 1832 Asset Management L.P. now owns 153,514 shares of the network equipment provider’s stock worth $7,662,000 after purchasing an additional 71,783 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CSCO shares. HSBC upgraded Cisco Systems from a “hold” rating to a “buy” rating and boosted their price target for the company from $46.00 to $58.00 in a research note on Friday, August 16th. Bank of America increased 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. StockNews.com raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Hsbc Global Res raised shares of Cisco Systems to a “strong-buy” rating in a report on Friday, August 16th. Finally, Wells Fargo & Company increased their price target on shares of Cisco Systems from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.94.

Insiders Place Their Bets

In other news, SVP Maria Victoria Wong sold 3,379 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $50.36, for a total transaction of $170,166.44. Following the transaction, the senior vice president now owns 47,182 shares of the company’s stock, valued at $2,376,085.52. This represents a 6.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Thimaya K. Subaiya sold 1,328 shares of the business’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 of the company’s stock, valued at $6,501,957.20. The trade was a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 321,628 shares of company stock worth $18,449,561. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Price Performance

Cisco Systems stock opened at $57.50 on Thursday. The firm has a market cap of $229.47 billion, a P/E ratio of 24.68, a P/E/G ratio of 4.67 and a beta of 0.83. The stock’s 50 day moving average is $54.68 and its 200 day moving average is $50.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $59.38.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The company had revenue of $13.84 billion during the quarter, compared to analysts’ expectations of $13.78 billion. During the same period in the prior year, the company posted $0.98 earnings per share. Cisco Systems’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, research analysts expect that Cisco Systems, Inc. will post 2.89 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be paid 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 2.78%. Cisco Systems’s dividend payout ratio is currently 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.