Dumont & Blake Investment Advisors LLC Has $1.97 Million Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Dumont & Blake Investment Advisors LLC reduced its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 33,341 shares of the network equipment provider’s stock after selling 975 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Cisco Systems were worth $1,974,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CSCO. Quarry LP grew its stake in shares of Cisco Systems by 222.4% during the second quarter. Quarry LP now owns 661 shares of the network equipment provider’s stock valued at $31,000 after purchasing an additional 456 shares during the last quarter. Newbridge Financial Services Group Inc. grew its stake in shares of Cisco Systems by 25.8% during the second quarter. Newbridge Financial Services Group Inc. now owns 6,617 shares of the network equipment provider’s stock valued at $314,000 after purchasing an additional 1,358 shares during the last quarter. Centaurus Financial Inc. grew its stake in shares of Cisco Systems by 98.6% during the second quarter. Centaurus Financial Inc. now owns 34,247 shares of the network equipment provider’s stock valued at $1,627,000 after purchasing an additional 17,000 shares during the last quarter. Davis Capital Management boosted its stake in Cisco Systems by 3.3% in the third quarter. Davis Capital Management now owns 34,072 shares of the network equipment provider’s stock valued at $1,813,000 after acquiring an additional 1,089 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Cisco Systems by 1.3% in the third quarter. Massmutual Trust Co. FSB ADV now owns 541,141 shares of the network equipment provider’s stock valued at $28,800,000 after acquiring an additional 6,808 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CSCO has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of Cisco Systems from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Melius raised shares of Cisco Systems from a “hold” rating to a “buy” rating and raised their price objective for the company from $66.00 to $73.00 in a research note on Monday, January 6th. StockNews.com raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. UBS Group increased their target price on shares of Cisco Systems from $55.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, Melius Research upgraded shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.72.

Cisco Systems Stock Up 1.5 %

Shares of CSCO stock opened at $60.47 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $62.31. The firm’s fifty day moving average price is $59.34 and its two-hundred day moving average price is $54.35. The firm has a market capitalization of $240.84 billion, a P/E ratio of 25.95, a PEG ratio of 4.59 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $13.84 billion for the quarter, compared to analyst estimates of $13.78 billion. During the same period in the previous year, the business earned $0.98 EPS. The company’s revenue was down 5.6% compared to the same quarter last year. On average, equities analysts predict that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.65%. Cisco Systems’s payout ratio is currently 68.67%.

Insider Buying and Selling at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 58,188 shares of Cisco Systems stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $3,345,228.12. Following the completion of the transaction, the executive vice president now owns 219,100 shares of the company’s stock, valued at $12,596,059. This trade represents a 20.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Charles Robbins sold 171,744 shares of Cisco Systems stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $57.49, for a total transaction of $9,873,562.56. Following the completion of the transaction, the chief executive officer now directly owns 783,786 shares of the company’s stock, valued at approximately $45,059,857.14. This trade represents a 17.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 353,522 shares of company stock worth $20,349,721. Insiders own 0.01% of the company’s stock.

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.