Mather Group LLC. Has $2.93 Million Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Mather Group LLC. lowered its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 21.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,482 shares of the network equipment provider's stock after selling 12,868 shares during the quarter. Mather Group LLC.'s holdings in Cisco Systems were worth $2,930,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Alta Advisers Ltd boosted its stake in Cisco Systems by 49.0% during the first quarter. Alta Advisers Ltd now owns 19,459 shares of the network equipment provider's stock worth $1,201,000 after buying an additional 6,400 shares during the last quarter. Benchmark Financial Wealth Advisors LLC raised its holdings in shares of Cisco Systems by 15.4% during the 1st quarter. Benchmark Financial Wealth Advisors LLC now owns 11,894 shares of the network equipment provider's stock worth $734,000 after acquiring an additional 1,585 shares during the period. Deseret Mutual Benefit Administrators boosted its position in shares of Cisco Systems by 2.6% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 38,265 shares of the network equipment provider's stock valued at $2,361,000 after acquiring an additional 987 shares during the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Cisco Systems in the first quarter valued at about $137,000. Finally, Smith Salley Wealth Management increased its position in Cisco Systems by 3.4% during the first quarter. Smith Salley Wealth Management now owns 68,242 shares of the network equipment provider's stock worth $4,211,000 after purchasing an additional 2,252 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Transactions at Cisco Systems

In related news, CEO Charles Robbins sold 29,784 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $64.61, for a total transaction of $1,924,344.24. Following the completion of the transaction, the chief executive officer owned 688,409 shares in the company, valued at $44,478,105.49. This trade represents a 4.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 9,643 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $63.50, for a total transaction of $612,330.50. Following the completion of the sale, the executive vice president owned 181,186 shares in the company, valued at $11,505,311. This represents a 5.05% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,335 shares of company stock worth $6,271,054. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO traded up $1.05 on Thursday, reaching $69.64. 17,973,495 shares of the company traded hands, compared to its average volume of 20,328,057. 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 stock has a market capitalization of $275.77 billion, a PE ratio of 28.42, a P/E/G ratio of 4.10 and a beta of 0.90. The company's 50 day moving average is $63.41 and its 200-day moving average is $61.30. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $69.89.

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

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors 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 dividend on an annualized basis and a yield of 2.35%. Cisco Systems's payout ratio is presently 66.94%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CSCO shares. Rosenblatt Securities upped their price target on Cisco Systems from $63.00 to $74.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. KeyCorp assumed coverage on shares of Cisco Systems in a research report on Thursday, June 26th. They issued an "overweight" rating and a $77.00 target price on the stock. Wall Street Zen upgraded shares of Cisco Systems from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Evercore ISI boosted their price target on shares of Cisco Systems from $67.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Finally, Wells Fargo & Company raised shares of Cisco Systems from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $72.00 to $75.00 in a research report on Thursday, May 15th. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $69.53.

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.