Community Bank N.A. Trims Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Community Bank N.A. lowered its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 184,851 shares of the network equipment provider’s stock after selling 3,190 shares during the period. Cisco Systems comprises 1.2% of Community Bank N.A.’s portfolio, making the stock its 15th largest position. Community Bank N.A.’s holdings in Cisco Systems were worth $9,339,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. acquired a new stake in Cisco Systems during the third quarter valued at approximately $27,000. Valued Wealth Advisors LLC acquired a new stake in shares of Cisco Systems during the 4th quarter worth approximately $32,000. Morton Brown Family Wealth LLC raised its position in shares of Cisco Systems by 41.9% during the 4th quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 208 shares during the period. Bourgeon Capital Management LLC raised its position in shares of Cisco Systems by 3,500.0% during the 4th quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 700 shares during the period. Finally, Rakuten Securities Inc. acquired a new stake in shares of Cisco Systems during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insiders Place Their Bets

In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the completion of the sale, the chief financial officer now owns 328,491 shares of the company’s stock, valued at $16,424,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Deborah L. Stahlkopf sold 3,002 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total value of $150,130.02. Following the completion of the sale, the executive vice president now directly owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the sale, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at $16,424,550. The disclosure for this sale can be found here. Insiders sold 19,441 shares of company stock valued at $972,080 over the last 90 days. 0.02% of the stock is currently owned by company insiders.

Cisco Systems Stock Up 0.1 %

Shares of CSCO traded up $0.03 during trading hours on Wednesday, reaching $48.35. The company’s stock had a trading volume of 14,813,125 shares, compared to its average volume of 19,419,535. The firm has a market cap of $195.78 billion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 2.78 and a beta of 0.87. Cisco Systems, Inc. has a 1-year low of $45.56 and a 1-year high of $58.19. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average of $48.97 and a two-hundred day moving average of $50.12.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. The company had revenue of $12.79 billion for the quarter, compared to the consensus estimate of $12.71 billion. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. As a group, research analysts predict that Cisco Systems, Inc. will post 3.13 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, April 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 3.31%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio is presently 48.63%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CSCO. Deutsche Bank Aktiengesellschaft increased their price target on Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, April 9th. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a report on Tuesday, April 9th. JPMorgan Chase & Co. assumed coverage on Cisco Systems in a report on Monday. They issued a “neutral” rating and a $53.00 price objective for the company. StockNews.com lowered Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Finally, Citigroup assumed coverage on Cisco Systems in a report on Friday, April 12th. They issued a “neutral” rating and a $52.00 price objective for the company. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $55.53.

About Cisco Systems

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.