Baystate Wealth Management LLC reduced its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 12.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,259 shares of the network equipment provider’s stock after selling 1,710 shares during the quarter. Baystate Wealth Management LLC’s holdings in Cisco Systems were worth $483,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hoey Investments Inc. purchased a new stake in shares of Cisco Systems in the second quarter valued at approximately $26,000. FNY Investment Advisers LLC lifted its holdings in shares of Cisco Systems by 79,900.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 800 shares of the network equipment provider’s stock worth $31,000 after buying an additional 799 shares during the period. Emerald Advisers LLC purchased a new stake in shares of Cisco Systems in the 2nd quarter worth $38,000. Larson Financial Group LLC lifted its holdings in shares of Cisco Systems by 61.1% in the 2nd quarter. Larson Financial Group LLC now owns 939 shares of the network equipment provider’s stock worth $44,000 after buying an additional 356 shares during the period. Finally, Ovata Capital Management Ltd bought a new position in shares of Cisco Systems during the 2nd quarter worth $44,000. Hedge funds and other institutional investors own 71.28% of the company’s stock.

A number of analysts recently weighed in on CSCO shares. ValuEngine lowered shares of Cisco Systems from a “hold” rating to a “sell” rating in a research note on Thursday, October 1st. Wolfe Research downgraded shares of Cisco Systems from an “outperform” rating to a “peer perform” rating and set a $42.00 price objective on the stock. in a research note on Friday, September 18th. JPMorgan Chase & Co. cut their price objective on shares of Cisco Systems from $50.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, August 13th. Bank of America reduced their price objective on shares of Cisco Systems from $52.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, September 16th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $48.00 price target on shares of Cisco Systems in a report on Monday, August 10th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have assigned a buy rating to the company. Cisco Systems has a consensus rating of “Hold” and an average price target of $47.45.

In other Cisco Systems news, CAO Prat Bhatt sold 2,873 shares of Cisco Systems stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $42.11, for a total transaction of $120,982.03. Following the completion of the sale, the chief accounting officer now directly owns 82,006 shares in the company, valued at approximately $3,453,272.66. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kelly A. Kramer sold 45,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $42.01, for a total transaction of $1,890,450.00. Insiders have sold 60,166 shares of company stock valued at $2,528,248 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

NASDAQ CSCO opened at $40.16 on Friday. Cisco Systems, Inc. has a 12-month low of $32.40 and a 12-month high of $50.28. The company has a fifty day simple moving average of $39.95 and a two-hundred day simple moving average of $43.30. The company has a current ratio of 1.72, a quick ratio of 1.67 and a debt-to-equity ratio of 0.31. The stock has a market cap of $170.01 billion, a P/E ratio of 15.27, a P/E/G ratio of 2.16 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 12th. The network equipment provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.06. Cisco Systems had a return on equity of 34.75% and a net margin of 22.75%. The firm had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $12.09 billion. During the same period in the prior year, the firm earned $0.83 EPS. As a group, sell-side analysts forecast that Cisco Systems, Inc. will post 2.8 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Thursday, October 1st. Cisco Systems’s payout ratio is 49.32%.

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 worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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