Wolf Group Capital Advisors Trims Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Wolf Group Capital Advisors reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 77.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,349 shares of the network equipment provider's stock after selling 31,322 shares during the quarter. Wolf Group Capital Advisors' holdings in Cisco Systems were worth $577,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CSCO. FPC Investment Advisory Inc. bought a new position in Cisco Systems during the fourth quarter worth $26,000. Navigoe LLC bought a new position in Cisco Systems during the fourth quarter worth $26,000. Mpwm Advisory Solutions LLC bought a new position in Cisco Systems during the fourth quarter worth $26,000. JDM Financial Group LLC boosted its stake in 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 acquiring an additional 300 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new position in Cisco Systems during the fourth quarter worth $30,000. 73.33% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Jeetendra I. Patel sold 899 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $64.27, for a total transaction of $57,778.73. Following the completion of the sale, the insider now owns 255,377 shares in the company, valued at approximately $16,413,079.79. This trade represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Charles Robbins sold 29,784 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 688,409 shares of the company's stock, valued at $44,478,105.49. This trade represents a 4.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,931 shares of company stock worth $4,671,930. Insiders own 0.01% of the company's stock.

Cisco Systems Stock Up 0.8%

Shares of CSCO stock traded up $0.51 on Thursday, hitting $65.84. The stock had a trading volume of 22,661,981 shares, compared to its average volume of 20,178,995. The business has a 50 day moving average of $61.02 and a 200 day moving average of $60.69. The stock has a market cap of $260.73 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 3.94 and a beta of 0.88. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.95 and a quick ratio of 0.87. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $66.50.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced 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 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%. The firm's revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 earnings per share. As a group, 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. Investors of record on Thursday, July 3rd will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.49%. Cisco Systems's dividend payout ratio (DPR) is presently 66.94%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CSCO shares. Barclays reissued an "equal weight" rating on shares of Cisco Systems in a research note on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and raised their price objective for the company from $65.00 to $73.00 in a research note on Monday. New Street Research reaffirmed a "neutral" rating and issued a $70.00 price objective on shares of Cisco Systems in a research note on Friday, May 16th. Citigroup raised their price objective on shares of Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Cisco Systems from $70.00 to $73.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.11.

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.