Edgestream Partners L.P. Has $4.32 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Edgestream Partners L.P. lowered its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 36.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 70,061 shares of the network equipment provider's stock after selling 39,842 shares during the period. Edgestream Partners L.P.'s holdings in Cisco Systems were worth $4,323,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Navigoe LLC acquired a new stake in shares of Cisco Systems in the 4th quarter worth approximately $26,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Cisco Systems in the 4th quarter worth approximately $26,000. JDM Financial Group LLC lifted its stake in shares of Cisco Systems by 160.4% in the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after acquiring an additional 300 shares during the period. Runnymede Capital Advisors Inc. acquired a new stake in shares of Cisco Systems in the 4th quarter worth approximately $30,000. Finally, Fairway Wealth LLC lifted its stake in shares of Cisco Systems by 224.7% in the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after acquiring an additional 400 shares during the period. Institutional investors own 73.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CSCO shares. Barclays reaffirmed an "equal weight" rating on shares of Cisco Systems in a research note on Wednesday, May 21st. KeyCorp initiated coverage on shares of Cisco Systems in a report on Thursday, June 26th. They issued an "overweight" rating and a $77.00 target price on the stock. Wolfe Research initiated coverage on shares of Cisco Systems in a report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and boosted their price target for the company from $65.00 to $73.00 in a report on Monday, June 16th. Finally, Evercore ISI boosted their price objective on shares of Cisco Systems from $67.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Eight research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Cisco Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.95.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO traded up $0.96 during trading hours on Thursday, hitting $68.33. 10,557,518 shares of the stock were exchanged, compared to its average volume of 20,293,009. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.95 and a quick ratio of 0.87. The company's 50 day moving average is $65.50 and its 200 day moving average is $61.96. The firm has a market capitalization of $270.59 billion, a P/E ratio of 27.89, a P/E/G ratio of 4.02 and a beta of 0.90. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $69.78.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $14.15 billion during the quarter, compared to analysts' expectations of $14.05 billion. Cisco Systems had a net margin of 17.60% and a return on equity of 26.48%. The business's quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 EPS. On average, research analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Thursday, July 3rd. Cisco Systems's dividend payout ratio is currently 66.94%.

Insider Activity

In other news, CFO Richard Scott Herren sold 15,678 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $65.52, for a total value of $1,027,222.56. Following the transaction, the chief financial officer owned 309,543 shares of the company's stock, valued at approximately $20,281,257.36. This trade represents a 4.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 2,407 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $64.01, for a total transaction of $154,072.07. Following the completion of the transaction, the executive vice president directly owned 177,027 shares in the company, valued at $11,331,498.27. This trade represents a 1.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,335 shares of company stock worth $6,271,054. 0.01% of the stock is currently owned by insiders.

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.