Baldwin Investment Management LLC decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,600 shares of the network equipment provider’s stock after selling 500 shares during the period. Baldwin Investment Management LLC’s holdings in Cisco Systems were worth $441,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC raised its stake in Cisco Systems by 7.0% in the third quarter. Proficio Capital Partners LLC now owns 3,211 shares of the network equipment provider’s stock worth $102,000 after buying an additional 210 shares during the last quarter. Orrstown Financial Services Inc. raised its stake in Cisco Systems by 89.3% in the third quarter. Orrstown Financial Services Inc. now owns 3,243 shares of the network equipment provider’s stock worth $103,000 after buying an additional 1,530 shares during the last quarter. Reilly Financial Advisors LLC raised its stake in Cisco Systems by 9.5% in the third quarter. Reilly Financial Advisors LLC now owns 3,289 shares of the network equipment provider’s stock valued at $104,000 after buying an additional 286 shares in the last quarter. Edmond DE Rothschild Monaco purchased a new stake in Cisco Systems during the third quarter valued at approximately $111,000. Finally, Morgan Dempsey Capital Management LLC raised its stake in Cisco Systems by 19.5% in the third quarter. Morgan Dempsey Capital Management LLC now owns 4,080 shares of the network equipment provider’s stock valued at $129,000 after buying an additional 667 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.
Cisco Systems, Inc. (NASDAQ:CSCO) traded up 0.03% during mid-day trading on Friday, reaching $32.84. 10,691,553 shares of the company traded hands. The stock has a market capitalization of $164.46 billion, a PE ratio of 16.93 and a beta of 1.36. The firm’s 50-day moving average is $33.65 and its 200 day moving average is $31.59. Cisco Systems, Inc. has a 52-week low of $25.81 and a 52-week high of $34.53.
Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 15th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. Cisco Systems had a return on equity of 17.50% and a net margin of 21.73%. The business had revenue of $11.60 billion for the quarter, compared to analyst estimates of $11.55 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. On average, equities research analysts expect that Cisco Systems, Inc. will post $2.38 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Thursday, April 6th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Tuesday, April 4th. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.26. Cisco Systems’s dividend payout ratio is 49.52%.
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CSCO has been the topic of several analyst reports. BMO Capital Markets restated an “outperform” rating and set a $33.00 price target on shares of Cisco Systems in a research report on Thursday, January 12th. Robert W. Baird restated a “buy” rating on shares of Cisco Systems in a research report on Wednesday, January 25th. William Blair initiated coverage on shares of Cisco Systems in a research report on Tuesday, January 17th. They set an “outperform” rating on the stock. Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $31.28 price target on the stock. in a research report on Monday, January 23rd. Finally, Citigroup Inc reaffirmed a “buy” rating and set a $34.00 price objective (down from $35.00) on shares of Cisco Systems in a report on Thursday, December 29th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Cisco Systems has a consensus rating of “Buy” and an average target price of $34.23.
In related news, Director Steven M. West acquired 3,027 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was acquired at an average price of $33.92 per share, for a total transaction of $102,675.84. Following the completion of the acquisition, the director now owns 3,700 shares of the company’s stock, valued at approximately $125,504. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Chris Dedicoat sold 34,597 shares of the company’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $34.12, for a total value of $1,180,449.64. Following the completion of the sale, the executive vice president now owns 229,344 shares of the company’s stock, valued at approximately $7,825,217.28. The disclosure for this sale can be found here. Insiders have sold 371,807 shares of company stock worth $12,668,893 in the last ninety days. 0.11% of the stock is currently owned by insiders.
About Cisco Systems
Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).
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