Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC trimmed its stake in Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 31.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 12,447 shares of the network equipment provider’s stock after selling 5,618 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Cisco Systems were worth $669,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. CORDA Investment Management LLC. increased its stake in Cisco Systems by 15.0% during the 2nd quarter. CORDA Investment Management LLC. now owns 24,745 shares of the network equipment provider’s stock worth $1,280,000 after buying an additional 3,225 shares during the period. Lakeside Advisors INC. increased its stake in Cisco Systems by 37.5% during the 2nd quarter. Lakeside Advisors INC. now owns 9,527 shares of the network equipment provider’s stock worth $493,000 after buying an additional 2,596 shares during the period. Hamilton Capital LLC increased its stake in Cisco Systems by 6.8% during the 2nd quarter. Hamilton Capital LLC now owns 14,427 shares of the network equipment provider’s stock worth $746,000 after buying an additional 924 shares during the period. Wealthspire Advisors LLC increased its stake in Cisco Systems by 48.1% during the 3rd quarter. Wealthspire Advisors LLC now owns 71,385 shares of the network equipment provider’s stock worth $3,838,000 after buying an additional 23,194 shares during the period. Finally, HBK Sorce Advisory LLC increased its stake in Cisco Systems by 0.5% during the 3rd quarter. HBK Sorce Advisory LLC now owns 64,136 shares of the network equipment provider’s stock worth $3,448,000 after buying an additional 301 shares during the period. 72.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cisco Systems

In related news, Director Mark Garrett sold 899 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $47.88, for a total value of $43,044.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Cisco Systems news, CFO Richard Scott Herren sold 106,321 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $50.02, for a total transaction of $5,318,176.42. Following the sale, the chief financial officer now directly owns 345,994 shares of the company’s stock, valued at approximately $17,306,619.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Garrett sold 899 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $47.88, for a total transaction of $43,044.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 150,475 shares of company stock valued at $7,464,194. Insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on CSCO shares. Oppenheimer lowered their price target on shares of Cisco Systems from $58.00 to $54.00 and set an “outperform” rating for the company in a report on Thursday, November 16th. 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 report on Friday, November 17th. Melius Research reiterated a “hold” rating and set a $55.00 price target on shares of Cisco Systems in a report on Monday, January 8th. Melius cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Raymond James cut shares of Cisco Systems from a “market perform” rating to an “underperform” rating in a report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Cisco Systems presently has an average rating of “Hold” and a consensus price target of $58.21.

Check Out Our Latest Analysis on CSCO

Cisco Systems Stock Performance

Shares of CSCO opened at $50.13 on Monday. The company has a 50-day simple moving average of $50.19 and a 200-day simple moving average of $52.20. The company has a quick ratio of 1.34, a current ratio of 1.47 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $203.70 billion, a PE ratio of 15.15, a P/E/G ratio of 2.39 and a beta of 0.90. Cisco Systems, Inc. has a 52-week low of $45.56 and a 52-week high of $58.19.

Cisco Systems (NASDAQ:CSCOGet Free Report) last announced its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.20. The business had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 23.40% and a return on equity of 34.41%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 EPS. Equities research analysts predict that Cisco Systems, Inc. will post 3.38 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Thursday, January 4th were paid a $0.39 dividend. The ex-dividend date was Wednesday, January 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 3.11%. Cisco Systems’s payout ratio is 47.13%.

Cisco Systems Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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