Davis R M Inc. Lowers Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Davis R M Inc. trimmed its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 15.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,552 shares of the network equipment provider’s stock after selling 3,527 shares during the period. Davis R M Inc.’s holdings in Cisco Systems were worth $1,012,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new stake in shares of Cisco Systems in the 1st quarter worth about $32,000. Fortis Capital Advisors LLC acquired a new stake in Cisco Systems in the 4th quarter worth about $34,000. Tucker Asset Management LLC acquired a new stake in shares of Cisco Systems in the first quarter worth approximately $35,000. Nordwand Advisors LLC acquired a new stake in shares of Cisco Systems during the 1st quarter worth $40,000. Finally, Spotlight Asset Group Inc. purchased a new position in shares of Cisco Systems in the 2nd quarter worth about $41,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on CSCO shares. DZ Bank cut shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a research report on Friday. Evercore ISI increased their target price on Cisco Systems from $60.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, August 17th. Barclays increased their price objective on shares of Cisco Systems from $51.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 17th. UBS Group dropped their price objective on shares of Cisco Systems from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, November 16th. Finally, Oppenheimer reduced their price target on Cisco Systems from $58.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $58.38.

Cisco Systems Stock Performance

CSCO opened at $48.27 on Tuesday. The stock’s 50 day simple moving average is $53.21 and its 200-day simple moving average is $52.33. The company has a current ratio of 1.38, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15. The stock has a market cap of $195.73 billion, a PE ratio of 14.58, a P/E/G ratio of 2.37 and a beta of 0.98. Cisco Systems, Inc. has a 1 year low of $45.56 and a 1 year high of $58.19.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.91 by $0.20. The business had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 34.92% and a net margin of 23.40%. Cisco Systems’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 EPS. Sell-side analysts forecast that Cisco Systems, Inc. will post 3.57 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Thursday, January 4th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Wednesday, January 3rd. Cisco Systems’s payout ratio is 47.13%.

Insider Transactions at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 3,022 shares of Cisco Systems stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $56.22, for a total value of $169,896.84. Following the sale, the executive vice president now owns 169,396 shares of the company’s stock, valued at approximately $9,523,443.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.02% of the company’s stock.

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.