Rothschild Investment LLC Sells 2,798 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Rothschild Investment LLC reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,997 shares of the network equipment provider’s stock after selling 2,798 shares during the quarter. Rothschild Investment LLC’s holdings in Cisco Systems were worth $9,380,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Financial Private Client LLC lifted its holdings in shares of Cisco Systems by 12.9% during the first quarter. Global Financial Private Client LLC now owns 39,895 shares of the network equipment provider’s stock valued at $2,462,000 after acquiring an additional 4,559 shares during the period. Welch Group LLC lifted its holdings in shares of Cisco Systems by 550.3% during the first quarter. Welch Group LLC now owns 944,561 shares of the network equipment provider’s stock valued at $57,486,000 after acquiring an additional 799,313 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Cisco Systems by 2.3% during the first quarter. Parallel Advisors LLC now owns 104,749 shares of the network equipment provider’s stock valued at $6,463,000 after acquiring an additional 2,324 shares during the period. GoalVest Advisory LLC lifted its holdings in shares of Cisco Systems by 6.3% during the first quarter. GoalVest Advisory LLC now owns 47,379 shares of the network equipment provider’s stock valued at $2,924,000 after acquiring an additional 2,819 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Cisco Systems by 7,096.5% during the first quarter. GAMMA Investing LLC now owns 6,718,402 shares of the network equipment provider’s stock valued at $414,593,000 after acquiring an additional 6,625,045 shares during the period. 73.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CSCO has been the subject of a number of analyst reports. DZ Bank raised Cisco Systems from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price target on Cisco Systems from $70.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, May 15th. Morgan Stanley reaffirmed a “hold” rating on shares of Cisco Systems in a report on Wednesday, May 21st. Evercore ISI lifted their price target on Cisco Systems from $67.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, May 15th. Finally, New Street Research reaffirmed a “neutral” rating and issued a $70.00 price target on shares of Cisco Systems in a report on Friday, May 16th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Cisco Systems has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

Cisco Systems Price Performance

Cisco Systems stock opened at $62.81 on Friday. The firm has a market capitalization of $248.73 billion, a P/E ratio of 27.43, a PEG ratio of 4.16 and a beta of 0.89. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $66.50. The business has a 50-day moving average of $59.30 and a 200-day moving average of $60.10. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. The company had revenue of $14.15 billion during the quarter, compared to analyst estimates of $14.05 billion. Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 EPS. On average, equities analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Thursday, July 3rd will be given a $0.41 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.61%. Cisco Systems’s dividend payout ratio is presently 66.94%.

Cisco Systems announced that its board has approved a stock buyback plan on Wednesday, February 12th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the network equipment provider to buy up to 6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insider Activity at Cisco Systems

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 transaction, the executive vice president now directly owns 191,184 shares in the company, valued at approximately $11,604,868.80. The trade was a 1.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 9,643 shares of the business’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $63.50, for a total value of $612,330.50. Following the completion of the transaction, the executive vice president now owns 181,186 shares of the company’s stock, valued at $11,505,311. This represents a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,616 shares of company stock worth $2,640,095. 0.01% of the stock is owned by company insiders.

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.