Investor s Fiduciary Advisor Network LLC Decreases Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Investor s Fiduciary Advisor Network LLC reduced its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 74.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,628 shares of the network equipment provider's stock after selling 13,332 shares during the period. Investor s Fiduciary Advisor Network LLC's holdings in Cisco Systems were worth $285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CSCO. Chilton Capital Management LLC lifted its position in Cisco Systems by 1.7% during the 1st quarter. Chilton Capital Management LLC now owns 16,742 shares of the network equipment provider's stock worth $1,033,000 after acquiring an additional 276 shares during the period. Financiere des Professionnels Fonds d investissement inc. raised its holdings in shares of Cisco Systems by 70.2% during the first quarter. Financiere des Professionnels Fonds d investissement inc. now owns 26,624 shares of the network equipment provider's stock worth $1,643,000 after purchasing an additional 10,983 shares during the last quarter. Traveka Wealth LLC lifted its position in Cisco Systems by 59.6% during the first quarter. Traveka Wealth LLC now owns 5,420 shares of the network equipment provider's stock valued at $334,000 after purchasing an additional 2,024 shares during the period. Tradewinds LLC. grew its position in Cisco Systems by 2.0% during the 1st quarter. Tradewinds LLC. now owns 16,717 shares of the network equipment provider's stock worth $1,032,000 after purchasing an additional 325 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC raised its stake in shares of Cisco Systems by 0.4% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 47,282 shares of the network equipment provider's stock valued at $2,918,000 after buying an additional 211 shares during the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Jeetendra I. Patel sold 899 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $64.27, for a total value of $57,778.73. Following the completion of the sale, the insider directly owned 255,377 shares of the company's stock, valued at approximately $16,413,079.79. This represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Maria Victoria Wong sold 762 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $64.07, for a total value of $48,821.34. Following the completion of the transaction, the senior vice president owned 36,937 shares in the company, valued at $2,366,553.59. This trade represents a 2.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,335 shares of company stock worth $6,271,054 over the last 90 days. 0.01% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wells Fargo & Company raised Cisco Systems from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $72.00 to $75.00 in a report on Thursday, May 15th. Citigroup raised their price objective on shares of Cisco Systems from $68.00 to $71.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Barclays reissued an "equal weight" rating on shares of Cisco Systems in a report on Wednesday, May 21st. JPMorgan Chase & Co. lifted their price objective on shares of Cisco Systems from $70.00 to $73.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Finally, Morgan Stanley reissued a "hold" rating on shares of Cisco Systems in a research note on Wednesday, May 21st. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $69.53.

Cisco Systems Stock Down 0.6%

NASDAQ:CSCO traded down $0.44 during mid-day trading on Monday, hitting $68.93. The stock had a trading volume of 22,606,868 shares, compared to its average volume of 20,365,214. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $69.78. The stock has a 50-day simple moving average of $63.93 and a two-hundred day simple moving average of $61.51. The company has a current ratio of 0.95, a quick ratio of 0.87 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $272.96 billion, a PE ratio of 28.13, a PEG ratio of 4.15 and a beta of 0.90.

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

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Thursday, July 3rd will be given a $0.41 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.64 annualized dividend and a yield of 2.38%. Cisco Systems's dividend payout ratio (DPR) is 66.94%.

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.