Motco Has $6.19 Million Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Motco trimmed its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 15.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,448 shares of the network equipment provider's stock after selling 21,912 shares during the quarter. Motco's holdings in Cisco Systems were worth $6,186,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Valued Wealth Advisors LLC bought a new position in shares of Cisco Systems during the fourth quarter worth about $32,000. Delos Wealth Advisors LLC raised its holdings in Cisco Systems by 1,666.7% during the 4th quarter. Delos Wealth Advisors LLC now owns 636 shares of the network equipment provider's stock worth $32,000 after purchasing an additional 600 shares during the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in shares of Cisco Systems in the 4th quarter worth approximately $33,000. Morton Brown Family Wealth LLC boosted its stake in shares of Cisco Systems by 41.9% in the 4th quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 208 shares during the last quarter. Finally, Bourgeon Capital Management LLC raised its stake in Cisco Systems by 3,500.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider's stock worth $36,000 after buying an additional 700 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Insider Activity at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the business's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the transaction, the executive vice president now directly owns 191,559 shares of the company's stock, valued at approximately $9,579,865.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of Cisco Systems stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the sale, the executive vice president now owns 191,559 shares of the company's stock, valued at approximately $9,579,865.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Maria Victoria Wong sold 2,497 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the completion of the transaction, the senior vice president now owns 58,121 shares in the company, valued at approximately $2,906,050. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,441 shares of company stock valued at $972,080. 0.02% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Cisco Systems in a research report on Thursday. Oppenheimer lifted their target price on Cisco Systems from $54.00 to $58.00 and gave the stock an "outperform" rating in a report on Thursday. UBS Group increased their price target on Cisco Systems from $54.00 to $55.00 and gave the stock a "neutral" rating in a report on Monday, February 12th. BNP Paribas upgraded shares of Cisco Systems from an "underperform" rating to a "neutral" rating and set a $50.00 price objective for the company in a research note on Monday, May 13th. Finally, JPMorgan Chase & Co. started coverage on shares of Cisco Systems in a research note on Monday, April 22nd. They set a "neutral" rating and a $53.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $56.47.

Cisco Systems Stock Down 0.4 %

NASDAQ:CSCO traded down $0.17 during trading hours on Friday, hitting $48.17. 22,020,305 shares of the company traded hands, compared to its average volume of 18,663,308. The company has a quick ratio of 1.26, a current ratio of 0.89 and a debt-to-equity ratio of 0.44. The company has a market cap of $195.05 billion, a PE ratio of 16.22, a PEG ratio of 2.78 and a beta of 0.87. The firm's 50-day simple moving average is $48.69 and its 200-day simple moving average is $49.49. Cisco Systems, Inc. has a one year low of $45.70 and a one year high of $58.19.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.18. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The company had revenue of $12.70 billion for the quarter, compared to analyst estimates of $12.53 billion. During the same period last year, the firm earned $0.88 earnings per share. The firm's revenue was down 12.8% on a year-over-year basis. Equities analysts predict that Cisco Systems, Inc. will post 3.13 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Friday, July 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Friday, July 5th. Cisco Systems's dividend payout ratio is presently 53.87%.

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.

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