Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC cut its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 29.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,246 shares of the network equipment provider's stock after selling 6,733 shares during the period. Impact Partnership Wealth LLC's holdings in Cisco Systems were worth $1,003,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CSCO. Navigoe LLC acquired a new position in shares of Cisco Systems during the fourth quarter valued at $26,000. Mpwm Advisory Solutions LLC bought a new position in shares of Cisco Systems during the fourth quarter worth about $26,000. JDM Financial Group LLC grew its holdings in shares of Cisco Systems by 160.4% during the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after buying an additional 300 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new position in Cisco Systems during the fourth quarter valued at approximately $30,000. Finally, Fairway Wealth LLC boosted its position in Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 400 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Stock Down 0.4%

Shares of CSCO stock traded down $0.25 during trading hours on Friday, hitting $68.05. 16,138,141 shares of the company's stock traded hands, compared to its average volume of 20,303,674. The stock's fifty day simple moving average is $65.84 and its two-hundred day simple moving average is $62.11. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $69.78. The stock has a market cap of $269.48 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 4.07 and a beta of 0.90. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.50.

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

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd will be paid a $0.41 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.41%. Cisco Systems's dividend payout ratio (DPR) is 66.94%.

Insider Transactions at Cisco Systems

In other Cisco Systems news, CFO Richard Scott Herren sold 15,678 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $65.52, for a total transaction of $1,027,222.56. Following the completion of the transaction, the chief financial officer owned 309,543 shares of the company's stock, valued at $20,281,257.36. This represents a 4.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thimaya K. Subaiya sold 8,726 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $65.54, for a total transaction of $571,902.04. Following the transaction, the executive vice president directly owned 174,669 shares of the company's stock, valued at $11,447,806.26. This trade represents a 4.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,335 shares of company stock worth $6,271,054 over the last three months. 0.01% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CSCO has been the topic of a number of recent research reports. Barclays reiterated an "equal weight" rating on shares of Cisco Systems in a research note on Wednesday, May 21st. New Street Research reissued a "neutral" rating and set a $70.00 price objective on shares of Cisco Systems in a report on Friday, May 16th. CICC Research initiated coverage on Cisco Systems in a report on Monday, July 14th. They set an "outperform" rating and a $78.00 price objective on the stock. Wall Street Zen downgraded Cisco Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Finally, Wolfe Research assumed coverage on Cisco Systems in a report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Seven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $70.35.

About Cisco Systems

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.