Alpha Cubed Investments LLC Trims Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Alpha Cubed Investments LLC cut its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 414,010 shares of the network equipment provider’s stock after selling 11,128 shares during the period. Cisco Systems comprises about 1.1% of Alpha Cubed Investments LLC’s investment portfolio, making the stock its 27th biggest position. Alpha Cubed Investments LLC’s holdings in Cisco Systems were worth $24,509,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Clear Harbor Asset Management LLC lifted its position in shares of Cisco Systems by 11.6% during the 4th quarter. Clear Harbor Asset Management LLC now owns 13,301 shares of the network equipment provider’s stock valued at $787,000 after buying an additional 1,385 shares in the last quarter. Perpetual Ltd raised its stake in Cisco Systems by 4.5% during the 4th quarter. Perpetual Ltd now owns 38,721 shares of the network equipment provider’s stock worth $2,292,000 after acquiring an additional 1,670 shares during the period. Charles Schwab Trust Co lifted its holdings in Cisco Systems by 7.1% during the fourth quarter. Charles Schwab Trust Co now owns 5,497 shares of the network equipment provider’s stock valued at $325,000 after purchasing an additional 364 shares in the last quarter. Aspiriant LLC boosted its position in shares of Cisco Systems by 2.7% in the fourth quarter. Aspiriant LLC now owns 21,547 shares of the network equipment provider’s stock worth $1,276,000 after purchasing an additional 567 shares during the period. Finally, Crossmark Global Holdings Inc. increased its stake in shares of Cisco Systems by 8.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 767,790 shares of the network equipment provider’s stock worth $45,453,000 after purchasing an additional 58,772 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling

In other Cisco Systems news, CEO Charles Robbins sold 171,744 shares of Cisco Systems stock in a transaction on Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $9,873,562.56. Following the transaction, the chief executive officer now directly owns 783,786 shares of the company’s stock, valued at approximately $45,059,857.14. The trade was a 17.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kristina M. Johnson sold 7,500 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $59.87, for a total value of $449,025.00. Following the completion of the sale, the director now directly owns 65,915 shares of the company’s stock, valued at $3,946,331.05. The trade was a 10.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 353,522 shares of company stock valued at $20,349,721 over the last 90 days. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Trading Up 0.7 %

Shares of NASDAQ CSCO opened at $60.23 on Tuesday. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $60.95. The firm has a market cap of $239.88 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 4.48 and a beta of 0.84. The business has a fifty day simple moving average of $58.94 and a two-hundred day simple moving average of $53.70. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The firm had revenue of $13.84 billion during the quarter, compared to the consensus estimate of $13.78 billion. During the same period in the previous year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. Analysts expect that Cisco Systems, Inc. will post 2.97 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.66%. The ex-dividend date is Friday, January 3rd. Cisco Systems’s payout ratio is 68.67%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CSCO. Morgan Stanley lifted their target price on shares of Cisco Systems from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. StockNews.com raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Citigroup boosted their price target on shares of Cisco Systems from $64.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group raised their price objective on Cisco Systems from $55.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, Tigress Financial boosted their target price on Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.50.

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.