Atlas Private Wealth Advisors Sells 682 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Atlas Private Wealth Advisors lowered its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 8.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,874 shares of the network equipment provider’s stock after selling 682 shares during the quarter. Atlas Private Wealth Advisors’ holdings in Cisco Systems were worth $398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CSCO. Kathleen S. Wright Associates Inc. bought a new stake in Cisco Systems in the third quarter valued at $27,000. Valued Wealth Advisors LLC purchased a new position in Cisco Systems during the fourth quarter valued at $32,000. Fortis Capital Advisors LLC purchased a new position in Cisco Systems during the fourth quarter valued at $34,000. Hibernia Wealth Partners LLC purchased a new position in Cisco Systems during the third quarter valued at $42,000. Finally, VitalStone Financial LLC purchased a new position in Cisco Systems during the second quarter valued at $45,000. Institutional investors own 72.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CSCO shares. Melius downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. UBS Group lifted their target price on shares of Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. StockNews.com downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Barclays upped their price target on shares of Cisco Systems from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Finally, Melius Research reissued a “hold” rating and set a $55.00 price objective on shares of Cisco Systems in a report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Cisco Systems has a consensus rating of “Hold” and a consensus target price of $56.36.

Insider Activity

In related news, CFO Richard Scott Herren sold 13,942 shares of the business’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 completion of the transaction, the chief financial officer now owns 328,491 shares in the company, valued at $16,424,550. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Richard Scott Herren sold 13,942 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the sale, the chief financial officer now owns 328,491 shares in the company, valued at approximately $16,424,550. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the completion of the transaction, 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. In the last quarter, insiders sold 19,441 shares of company stock worth $972,080. 0.02% of the stock is currently owned by company insiders.

Cisco Systems Price Performance

Shares of CSCO traded up $0.34 during trading hours on Monday, hitting $49.27. 17,404,863 shares of the stock were exchanged, compared to its average volume of 20,211,916. Cisco Systems, Inc. has a 12-month low of $45.56 and a 12-month high of $58.19. The company has a market cap of $199.50 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 2.25 and a beta of 0.87. The stock’s 50-day moving average price is $49.87 and its two-hundred day moving average price is $51.26. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.37.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data 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. The company had revenue of $12.79 billion during the quarter, compared to the consensus estimate of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. Cisco Systems’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. Research analysts expect that Cisco Systems, Inc. will post 3.17 earnings per share for the current year.

Cisco Systems Increases Dividend

The firm 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 dividend of $0.40 per share. The ex-dividend date is Wednesday, April 3rd. 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 yield of 3.25%. Cisco Systems’s dividend payout ratio is 47.42%.

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.