Global View Capital Management LLC Sells 3,924 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Key Points

• Global View Capital Management LLC sold 3,924 shares of Cisco Systems, Inc., reducing its holdings by 46.4%, now owning 4,540 shares valued at approximately $280,000.
• CEO Charles Robbins and EVP Thimaya K. Subaiya also sold significant shares in Cisco, with Robbins selling 29,784 shares for over $1.9 million, indicating a decrease in executive ownership.
• Cisco reported a quarterly EPS of $0.99, beating estimates, with a revenue of $14.67 billion, and declared a quarterly dividend of $0.41, reflecting a 2.5% yield.

Global View Capital Management LLC decreased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 46.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,540 shares of the network equipment provider's stock after selling 3,924 shares during the period. Global View Capital Management LLC's holdings in Cisco Systems were worth $280,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Navigoe LLC bought a new position in shares of Cisco Systems in the fourth quarter worth about $26,000. Mpwm Advisory Solutions LLC bought a new position in shares of Cisco Systems in the fourth quarter worth about $26,000. JDM Financial Group LLC boosted its stake in shares of Cisco Systems by 160.4% in the fourth 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. Pandora Wealth Inc. bought a new position in shares of Cisco Systems in the first quarter worth about $31,000. Finally, Fairway Wealth LLC boosted its stake in shares of Cisco Systems by 224.7% in the first 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.

Insiders Place Their Bets

In other news, CEO Charles Robbins sold 29,784 shares of Cisco Systems stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $64.61, for a total value of $1,924,344.24. Following the transaction, the chief executive officer directly owned 688,409 shares in the company, valued at approximately $44,478,105.49. This trade represents a 4.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Thimaya K. Subaiya sold 8,726 shares of Cisco Systems stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $65.54, for a total value of $571,902.04. Following the completion of the transaction, the executive vice president owned 174,669 shares in the company, valued at $11,447,806.26. This represents a 4.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 77,731 shares of company stock worth $5,021,519. Insiders own 0.01% of the company's stock.

Cisco Systems Trading Down 4.5%

CSCO opened at $66.20 on Friday. The stock's fifty day moving average is $67.98 and its two-hundred day moving average is $63.36. The company has a market capitalization of $262.15 billion, a P/E ratio of 25.27, a PEG ratio of 3.67 and a beta of 0.91. Cisco Systems, Inc. has a 52 week low of $47.85 and a 52 week high of $72.55. The company has a quick ratio of 0.87, a current ratio of 1.01 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. The company had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%. Cisco Systems's quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business posted $0.87 EPS. Analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be issued a $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.5%. Cisco Systems's dividend payout ratio (DPR) is currently 62.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CSCO shares. CICC Research started coverage on Cisco Systems in a research note on Monday, July 14th. They set an "outperform" rating and a $78.00 price target for the company. Evercore ISI increased their price target on Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised Cisco Systems from a "hold" rating to a "buy" rating and increased their price target for the company from $65.00 to $73.00 in a research note on Monday, June 16th. Bank of America increased their price target on Cisco Systems from $76.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday. Finally, UBS Group increased their price target on Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Ten investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.53.

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.

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