Enterprise Bank & Trust Co Has $402,000 Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Enterprise Bank & Trust Co decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,790 shares of the network equipment provider’s stock after selling 178 shares during the quarter. Enterprise Bank & Trust Co’s holdings in Cisco Systems were worth $402,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CSCO. Cooper Financial Group boosted its stake in Cisco Systems by 9.0% during the 4th quarter. Cooper Financial Group now owns 15,440 shares of the network equipment provider’s stock worth $914,000 after acquiring an additional 1,276 shares during the last quarter. Moody National Bank Trust Division boosted its stake in Cisco Systems by 1.0% during the 4th quarter. Moody National Bank Trust Division now owns 53,978 shares of the network equipment provider’s stock worth $3,195,000 after acquiring an additional 548 shares during the last quarter. Wedmont Private Capital boosted its stake in Cisco Systems by 11.5% during the 4th quarter. Wedmont Private Capital now owns 39,669 shares of the network equipment provider’s stock worth $2,330,000 after acquiring an additional 4,093 shares during the last quarter. Talbot Financial LLC boosted its stake in Cisco Systems by 0.7% during the 4th quarter. Talbot Financial LLC now owns 191,130 shares of the network equipment provider’s stock worth $11,315,000 after acquiring an additional 1,294 shares during the last quarter. Finally, Agate Pass Investment Management LLC boosted its stake in Cisco Systems by 29.5% during the 4th quarter. Agate Pass Investment Management LLC now owns 55,374 shares of the network equipment provider’s stock worth $3,278,000 after acquiring an additional 12,606 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Price Performance

CSCO traded up $0.17 on Monday, hitting $58.91. 8,646,549 shares of the stock were exchanged, compared to its average volume of 15,772,491. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $60.23. The business has a 50-day moving average of $58.67 and a two-hundred day moving average of $53.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80. The firm has a market capitalization of $234.62 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 4.37 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $13.84 billion during the quarter, compared to analysts’ expectations of $13.78 billion. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 earnings per share. Sell-side analysts forecast that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, January 3rd. Cisco Systems’s payout ratio is 68.67%.

Insiders Place Their Bets

In related news, EVP Thimaya K. Subaiya sold 3,042 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $59.19, for a total value of $180,055.98. Following the completion of the sale, the executive vice president now owns 207,798 shares in the company, valued at $12,299,563.62. The trade was a 1.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Richard Scott Herren sold 86,351 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $4,964,318.99. Following the completion of the sale, the chief financial officer now owns 365,314 shares of the company’s stock, valued at $21,001,901.86. The trade was a 19.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 353,522 shares of company stock worth $20,349,721. Corporate insiders own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Melius Research raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Wells Fargo & Company lifted their price target on shares of Cisco Systems from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Bank of America lifted their price target on shares of Cisco Systems from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Melius raised shares of Cisco Systems from a “hold” rating to a “buy” rating and lifted their price target for the company from $66.00 to $73.00 in a research note on Monday, January 6th. Finally, UBS Group lifted their price target on shares of Cisco Systems from $55.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.28.

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.