TCI Wealth Advisors Inc. Trims Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

TCI Wealth Advisors Inc. reduced its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.3% in the fourth quarter, HoldingsChannel reports. The fund owned 10,876 shares of the network equipment provider’s stock after selling 366 shares during the period. TCI Wealth Advisors Inc.’s holdings in Cisco Systems were worth $549,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. California Public Employees Retirement System raised its holdings in Cisco Systems by 25.0% in the fourth quarter. California Public Employees Retirement System now owns 18,750,237 shares of the network equipment provider’s stock worth $947,262,000 after buying an additional 3,753,165 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Cisco Systems during the third quarter valued at approximately $179,207,000. Capital Wealth Planning LLC raised its holdings in Cisco Systems by 7,074.3% in the 3rd quarter. Capital Wealth Planning LLC now owns 3,271,642 shares of the network equipment provider’s stock worth $175,883,000 after acquiring an additional 3,226,040 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Cisco Systems by 32.7% during the 4th quarter. Pacer Advisors Inc. now owns 7,749,370 shares of the network equipment provider’s stock valued at $391,498,000 after purchasing an additional 1,909,597 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Cisco Systems by 3.8% in the 3rd quarter. Northern Trust Corp now owns 50,549,422 shares of the network equipment provider’s stock worth $2,717,537,000 after purchasing an additional 1,847,682 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CSCO shares. Melius Research reaffirmed a “hold” rating and set a $55.00 price target on shares of Cisco Systems in a report on Monday, January 8th. Citigroup assumed coverage on shares of Cisco Systems in a report on Friday, April 12th. They set a “neutral” rating and a $52.00 price target on the stock. StockNews.com raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Thursday. Barclays boosted their price objective on shares of Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Cisco Systems presently has a consensus rating of “Hold” and a consensus price target of $55.53.

Insiders Place Their Bets

In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the completion of the transaction, the senior vice president now directly owns 58,121 shares in the company, valued at $2,906,050. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the completion of the transaction, the senior vice president now directly owns 58,121 shares of the company’s stock, valued at $2,906,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.00, for a total transaction of $697,100.00. Following the transaction, 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 a total of 19,441 shares of company stock worth $972,080 over the last three months. 0.02% of the stock is currently owned by company insiders.

Cisco Systems Stock Performance

NASDAQ CSCO traded up $0.33 during trading hours on Friday, hitting $47.12. 17,935,302 shares of the company’s stock traded hands, compared to its average volume of 17,219,910. The business’s fifty day moving average price is $48.79 and its two-hundred day moving average price is $49.77. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $190.80 billion, a P/E ratio of 14.32, a P/E/G ratio of 2.72 and a beta of 0.87. Cisco Systems, Inc. has a 52 week low of $45.56 and a 52 week high of $58.19.

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

Cisco Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th were given a $0.40 dividend. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date was Wednesday, April 3rd. Cisco Systems’s dividend payout ratio is presently 48.63%.

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.