First Western Trust Bank Decreases Position in Cisco Systems, Inc. (NASDAQ:CSCO)

First Western Trust Bank cut its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 5.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,850 shares of the network equipment provider’s stock after selling 367 shares during the period. First Western Trust Bank’s holdings in Cisco Systems were worth $354,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in shares of Cisco Systems during the first quarter valued at approximately $32,000. Fortis Capital Advisors LLC purchased a new position in shares of Cisco Systems during the fourth quarter valued at approximately $34,000. Tucker Asset Management LLC purchased a new position in shares of Cisco Systems during the first quarter valued at approximately $35,000. Nordwand Advisors LLC purchased a new position in shares of Cisco Systems during the first quarter valued at approximately $40,000. Finally, Spotlight Asset Group Inc. purchased a new position in shares of Cisco Systems during the second quarter valued at approximately $41,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 3,022 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $56.22, for a total value of $169,896.84. Following the completion of the transaction, the executive vice president now directly 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.02% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on CSCO shares. Citigroup boosted their target price on shares of Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, August 17th. Rosenblatt Securities cut their target price on shares of Cisco Systems from $59.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 16th. UBS Group cut their target price on shares of Cisco Systems from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, November 16th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Cisco Systems from $54.00 to $58.00 and gave the company a “hold” rating in a research report on Monday, August 21st. Finally, New Street Research lowered shares of Cisco Systems from a “buy” rating to a “neutral” rating 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $58.38.

Cisco Systems Stock Down 0.2 %

NASDAQ:CSCO opened at $48.15 on Tuesday. Cisco Systems, Inc. has a fifty-two week low of $45.56 and a fifty-two week high of $58.19. The stock has a market capitalization of $195.24 billion, a P/E ratio of 14.58, a P/E/G ratio of 2.37 and a beta of 0.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 1.38. The company’s 50-day simple moving average is $53.21 and its 200-day simple moving average is $52.33.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.20. Cisco Systems had a net margin of 23.40% and a return on equity of 34.92%. The business had revenue of $14.67 billion for the quarter, compared to analysts’ expectations of $14.63 billion. During the same period last year, the business earned $0.77 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. On average, equities analysts anticipate that Cisco Systems, Inc. will post 3.57 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Thursday, January 4th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Wednesday, January 3rd. Cisco Systems’s payout ratio is currently 47.13%.

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.