Curi RMB Capital LLC Has $1.08 Million Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Curi RMB Capital LLC cut its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 31.7% during the 4th quarter, Holdings Channel reports. The fund owned 18,248 shares of the network equipment provider’s stock after selling 8,479 shares during the period. Curi RMB Capital LLC’s holdings in Cisco Systems were worth $1,080,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in Cisco Systems by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 29,419,041 shares of the network equipment provider’s stock valued at $1,741,597,000 after purchasing an additional 681,555 shares during the period. Epoch Investment Partners Inc. raised its holdings in shares of Cisco Systems by 2.9% in the 4th quarter. Epoch Investment Partners Inc. now owns 2,265,400 shares of the network equipment provider’s stock worth $134,112,000 after acquiring an additional 64,165 shares during the last quarter. Forum Financial Management LP boosted its stake in Cisco Systems by 29.5% during the 4th quarter. Forum Financial Management LP now owns 41,168 shares of the network equipment provider’s stock valued at $2,437,000 after purchasing an additional 9,380 shares during the last quarter. GeoWealth Management LLC raised its stake in shares of Cisco Systems by 9.7% in the fourth quarter. GeoWealth Management LLC now owns 30,783 shares of the network equipment provider’s stock worth $1,822,000 after purchasing an additional 2,715 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Cisco Systems by 6.1% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 6,683,541 shares of the network equipment provider’s stock valued at $395,269,000 after buying an additional 382,804 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on CSCO shares. BNP Paribas upgraded shares of Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 target price for the company in a report on Tuesday, January 28th. DZ Bank raised Cisco Systems from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Wells Fargo & Company reissued an “equal weight” rating on shares of Cisco Systems in a research report on Thursday, March 6th. StockNews.com lowered Cisco Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 5th. Finally, Barclays restated an “equal weight” rating on shares of Cisco Systems in a research report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.58.

Insider Buying and Selling

In related news, EVP Thimaya K. Subaiya sold 2,065 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $60.70, for a total value of $125,345.50. Following the completion of the sale, the executive vice president now owns 191,184 shares in the company, valued at $11,604,868.80. The trade was a 1.07 % 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 19,929 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $64.41, for a total transaction of $1,283,626.89. Following the completion of the sale, the chief financial officer now owns 335,605 shares of the company’s stock, valued at approximately $21,616,318.05. The trade was a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,547 shares of company stock worth $4,275,553. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Stock Down 0.1 %

Shares of NASDAQ CSCO opened at $55.73 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. The company has a market cap of $221.69 billion, a P/E ratio of 24.33, a P/E/G ratio of 4.16 and a beta of 0.86. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $66.50. The business has a 50-day simple moving average of $60.69 and a two-hundred day simple moving average of $59.18.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.14). Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. Research analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.41 per share. This is an increase from Cisco Systems’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Thursday, April 3rd. Cisco Systems’s payout ratio is currently 71.62%.

Cisco Systems announced that its board has authorized a stock repurchase program on Wednesday, February 12th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the network equipment provider to reacquire up to 6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

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.