Cisco Systems, Inc. (NASDAQ:CSCO) Holdings Decreased by Sanctuary Advisors LLC

Sanctuary Advisors LLC reduced its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 816,294 shares of the network equipment provider’s stock after selling 15,330 shares during the quarter. Sanctuary Advisors LLC’s holdings in Cisco Systems were worth $49,361,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CSCO. Highline Wealth Partners LLC raised its position in Cisco Systems by 76.7% in the fourth quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider’s stock worth $35,000 after acquiring an additional 260 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new position in Cisco Systems in the 3rd quarter worth about $40,000. Decker Retirement Planning Inc. purchased a new position in Cisco Systems in the 4th quarter worth about $49,000. Capital Performance Advisors LLP purchased a new position in Cisco Systems in the 3rd quarter worth about $51,000. Finally, FSA Wealth Management LLC purchased a new position in Cisco Systems in the 3rd quarter worth about $56,000. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO opened at $64.87 on Monday. The business’s fifty day moving average price is $60.07 and its two-hundred day moving average price is $55.59. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $66.50. The stock has a market capitalization of $258.36 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 4.63 and a beta of 0.84. 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 (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.14). Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. As a group, analysts predict that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.53%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 3rd. Cisco Systems’s dividend payout ratio is 71.62%.

Cisco Systems announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 12th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the network equipment provider to buy up to 6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages recently weighed in on CSCO. Bank of America lifted their price target on Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. UBS Group lifted their target price on Cisco Systems from $62.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday. Rosenblatt Securities raised Cisco Systems from a “neutral” rating to a “buy” rating and lifted their target price for the company from $66.00 to $80.00 in a research note on Thursday. Melius Research raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, StockNews.com raised Cisco Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and an average target price of $66.53.

Insider Buying and Selling at Cisco Systems

In other news, SVP Maria Victoria Wong sold 4,881 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $59.73, for a total transaction of $291,542.13. Following the sale, the senior vice president now owns 51,931 shares in the company, valued at approximately $3,101,838.63. This represents a 8.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kristina M. Johnson sold 7,500 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $59.87, for a total value of $449,025.00. Following the sale, the director now owns 65,915 shares in the company, valued at $3,946,331.05. The trade was a 10.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,239 shares of company stock worth $2,166,612 over the last three months. Company insiders own 0.01% of the company’s stock.

Cisco Systems Company 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.