Key Client Fiduciary Advisors LLC Sells 592 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Key Client Fiduciary Advisors LLC reduced its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,198 shares of the network equipment provider’s stock after selling 592 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in Cisco Systems were worth $485,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fred Alger Management LLC grew its holdings in Cisco Systems by 5.8% in the second quarter. Fred Alger Management LLC now owns 100,310 shares of the network equipment provider’s stock worth $4,766,000 after purchasing an additional 5,471 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Cisco Systems during the 2nd quarter valued at about $2,269,000. Dimension Capital Management LLC raised its stake in Cisco Systems by 4.3% in the second quarter. Dimension Capital Management LLC now owns 8,956 shares of the network equipment provider’s stock valued at $426,000 after buying an additional 373 shares during the last quarter. Daymark Wealth Partners LLC boosted its holdings in Cisco Systems by 4.3% in the second quarter. Daymark Wealth Partners LLC now owns 404,090 shares of the network equipment provider’s stock worth $19,198,000 after acquiring an additional 16,830 shares in the last quarter. Finally, MBB Public Markets I LLC grew its stake in shares of Cisco Systems by 1,409.3% during the second quarter. MBB Public Markets I LLC now owns 287,965 shares of the network equipment provider’s stock worth $13,681,000 after acquiring an additional 268,885 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CSCO. Tigress Financial lifted their target price on shares of Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Bank of America lifted their price objective on shares of Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Melius Research raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Barclays lifted their price target on Cisco Systems from $49.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Finally, Melius raised Cisco Systems from a “hold” rating to a “buy” rating and increased their price objective for the company from $66.00 to $73.00 in a report on Monday, January 6th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and an average price target of $61.50.

Cisco Systems Price Performance

NASDAQ:CSCO opened at $62.23 on Friday. 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, Inc. has a 52 week low of $44.50 and a 52 week high of $62.32. The stock’s 50-day moving average price is $59.04 and its 200-day moving average price is $53.86. The stock has a market capitalization of $247.85 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 4.54 and a beta of 0.84.

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

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.57%. Cisco Systems’s dividend payout ratio is currently 68.67%.

Insider Buying and Selling

In related news, EVP Thimaya K. Subaiya sold 3,042 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $59.19, for a total transaction of $180,055.98. Following the completion of the sale, the executive vice president now directly owns 207,798 shares in the company, valued at approximately $12,299,563.62. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Maria Victoria Wong sold 586 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $58.69, for a total value of $34,392.34. Following the completion of the transaction, the senior vice president now owns 50,767 shares in the company, valued at $2,979,515.23. The trade was a 1.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 353,522 shares of company stock worth $20,349,721 in the last 90 days. Insiders own 0.01% of the company’s stock.

Cisco Systems Company 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.