Cambridge Trust Co. Has $1.02 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Cambridge Trust Co. reduced its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 7.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 20,226 shares of the network equipment provider’s stock after selling 1,613 shares during the period. Cambridge Trust Co.’s holdings in Cisco Systems were worth $1,022,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in Cisco Systems by 3.7% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 32,288 shares of the network equipment provider’s stock valued at $1,640,000 after purchasing an additional 1,150 shares during the last quarter. Ninety One UK Ltd boosted its position in shares of Cisco Systems by 1.5% during the fourth quarter. Ninety One UK Ltd now owns 272,994 shares of the network equipment provider’s stock valued at $13,792,000 after buying an additional 4,106 shares during the last quarter. Peterson Wealth Services grew its holdings in Cisco Systems by 18.8% during the fourth quarter. Peterson Wealth Services now owns 29,994 shares of the network equipment provider’s stock worth $1,515,000 after buying an additional 4,754 shares in the last quarter. Waterfront Wealth Inc. grew its holdings in Cisco Systems by 2.1% during the fourth quarter. Waterfront Wealth Inc. now owns 18,849 shares of the network equipment provider’s stock worth $952,000 after buying an additional 380 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in Cisco Systems by 2.3% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 171,039 shares of the network equipment provider’s stock valued at $8,641,000 after buying an additional 3,782 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Cisco Systems in a research note on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 target price for the company. Melius Research reaffirmed a “hold” rating and issued a $55.00 price objective on shares of Cisco Systems in a research report on Monday, January 8th. UBS Group increased their price objective on shares of Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Bank of America upgraded Cisco Systems from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $60.00 in a research note on Monday. Finally, Barclays increased their price target on Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Cisco Systems presently has a consensus rating of “Hold” and a consensus price target of $56.03.

Insider Transactions at Cisco Systems

In related news, SVP Maria Victoria Wong sold 2,497 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total transaction of $124,850.00. Following the sale, the senior vice president now directly owns 58,121 shares in the company, valued at approximately $2,906,050. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Maria Victoria Wong sold 2,497 shares of the firm’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 Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the sale, the executive vice president now directly owns 191,559 shares in the company, valued at approximately $9,579,865.59. The disclosure for this sale can be found here. Insiders sold 19,441 shares of company stock valued at $972,080 over the last three months. Company insiders own 0.02% of the company’s stock.

Cisco Systems Trading Down 0.2 %

Shares of Cisco Systems stock opened at $48.03 on Friday. The stock has a market capitalization of $194.48 billion, a P/E ratio of 14.62, a P/E/G ratio of 2.74 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. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.37. The stock’s 50-day simple moving average is $49.11 and its 200 day simple moving average is $50.29.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly 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 for 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 company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 earnings per share. As a group, research analysts anticipate that Cisco Systems, Inc. will post 3.14 EPS for the current 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 of this dividend is Wednesday, April 3rd. This represents a $1.60 annualized dividend and a dividend yield of 3.33%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio is currently 48.63%.

Cisco Systems 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.