Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,731 shares of the network equipment provider’s stock after selling 6,509 shares during the quarter. Cisco Systems comprises approximately 0.8% of Kintegral Advisory LLC’s portfolio, making the stock its 25th biggest position. Kintegral Advisory LLC’s holdings in Cisco Systems were worth $8,272,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CSCO. Redmond Asset Management LLC lifted its stake in shares of Cisco Systems by 22.4% in the 4th quarter. Redmond Asset Management LLC now owns 59,877 shares of the network equipment provider’s stock worth $3,545,000 after acquiring an additional 10,976 shares during the period. Oxbow Advisors LLC lifted its stake in shares of Cisco Systems by 2.7% during the 4th quarter. Oxbow Advisors LLC now owns 8,898 shares of the network equipment provider’s stock worth $527,000 after purchasing an additional 234 shares during the period. Navellier & Associates Inc. grew its holdings in Cisco Systems by 33.1% in the fourth quarter. Navellier & Associates Inc. now owns 8,100 shares of the network equipment provider’s stock valued at $480,000 after purchasing an additional 2,014 shares during the period. Prentice Wealth Management LLC grew its position in Cisco Systems by 4.3% during the fourth quarter. Prentice Wealth Management LLC now owns 12,388 shares of the network equipment provider’s stock valued at $733,000 after acquiring an additional 516 shares during the period. Finally, Bell Bank increased its position in shares of Cisco Systems by 10.4% in the fourth quarter. Bell Bank now owns 202,500 shares of the network equipment provider’s stock worth $11,988,000 after acquiring an additional 18,993 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Trading Down 1.1 %

NASDAQ:CSCO opened at $63.98 on Friday. The firm has a market capitalization of $254.53 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 4.17 and a beta of 0.84. The business’s 50-day moving average price is $60.65 and its two-hundred day moving average price is $56.15. 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, Inc. has a 1-year low of $44.50 and a 1-year high of $66.50.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results 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 return on equity of 26.08% and a net margin of 16.96%. On average, equities analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

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

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be paid a $0.41 dividend. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, April 3rd. Cisco Systems’s payout ratio is presently 71.62%.

Insider Buying and Selling at Cisco Systems

In other news, CEO Charles Robbins sold 31,983 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $64.41, for a total value of $2,060,025.03. Following the transaction, the chief executive officer now directly owns 736,120 shares of the company’s stock, valued at $47,413,489.20. This represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 4,881 shares of Cisco Systems stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $59.73, for a total transaction of $291,542.13. Following the sale, the senior vice president now directly owns 51,931 shares of the company’s stock, valued at $3,101,838.63. The trade was a 8.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,921 shares of company stock worth $4,298,667 over the last ninety days. 0.01% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CSCO has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of Cisco Systems from $56.00 to $61.00 and gave the company an “equal weight” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. boosted their price target on Cisco Systems from $69.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. UBS Group upped their price objective on Cisco Systems from $62.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Rosenblatt Securities raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and upped their price objective for the company from $66.00 to $80.00 in a research note on Thursday, February 13th. Finally, Morgan Stanley boosted their price objective on shares of Cisco Systems from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Cisco Systems currently has an average rating of “Moderate Buy” and an average price target of $66.53.

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.