Resonant Capital Advisors LLC Sells 3,749 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Resonant Capital Advisors LLC decreased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,507 shares of the network equipment provider’s stock after selling 3,749 shares during the period. Resonant Capital Advisors LLC’s holdings in Cisco Systems were worth $2,855,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Zhang Financial LLC raised its position in Cisco Systems by 8.3% during the fourth quarter. Zhang Financial LLC now owns 30,245 shares of the network equipment provider’s stock valued at $1,528,000 after purchasing an additional 2,327 shares in the last quarter. Beaumont Financial Advisors LLC increased its position in shares of Cisco Systems by 4.7% during the 4th quarter. Beaumont Financial Advisors LLC now owns 10,589 shares of the network equipment provider’s stock valued at $535,000 after purchasing an additional 471 shares during the last quarter. Davidson Trust Co. raised its holdings in shares of Cisco Systems by 8.2% during the 4th quarter. Davidson Trust Co. now owns 13,624 shares of the network equipment provider’s stock valued at $688,000 after buying an additional 1,035 shares in the last quarter. Financial Symmetry Inc bought a new stake in Cisco Systems in the 4th quarter worth approximately $403,000. Finally, HTLF Bank purchased a new stake in Cisco Systems in the fourth quarter worth approximately $6,855,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 3,002 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction of $150,130.02. Following the completion of the sale, the executive vice president now owns 191,559 shares of the company’s stock, valued at approximately $9,579,865.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Deborah L. Stahlkopf sold 3,002 shares of Cisco Systems stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction of $150,130.02. Following the transaction, the executive vice president now owns 191,559 shares in the company, valued at approximately $9,579,865.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the completion of the sale, the senior vice president now owns 58,121 shares of the company’s stock, valued at $2,906,050. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,441 shares of company stock valued at $972,080. 0.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CSCO has been the topic of several research reports. Bank of America raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $55.00 to $60.00 in a research note on Monday. Melius Research restated a “hold” rating and set a $55.00 price target on shares of Cisco Systems in a research report on Monday, January 8th. UBS Group boosted their target price on Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. StockNews.com lowered Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, April 9th. 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. Based on data from MarketBeat.com, Cisco Systems presently has an average rating of “Hold” and an average target price of $56.03.

Cisco Systems Stock Up 0.3 %

CSCO stock traded up $0.15 during trading on Friday, hitting $48.26. 10,817,156 shares of the stock traded hands, compared to its average volume of 19,370,250. The stock has a market cap of $195.41 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 2.74 and a beta of 0.87. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26. Cisco Systems, Inc. has a 1 year low of $45.56 and a 1 year high of $58.19. The firm’s 50 day moving average is $49.11 and its two-hundred day 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 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The firm had revenue of $12.79 billion for the quarter, compared to analysts’ expectations of $12.71 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.14 EPS for the current year.

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th will be issued a $0.40 dividend. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, April 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 3.32%. 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.