Cambridge Trust Co. Decreases Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Cambridge Trust Co. reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) by 9.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,997 shares of the network equipment provider’s stock after selling 2,955 shares during the period. Cambridge Trust Co.’s holdings in Cisco Systems were worth $1,382,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Syverson Strege & Co increased its stake in Cisco Systems by 68.9% during the second quarter. Syverson Strege & Co now owns 591 shares of the network equipment provider’s stock worth $25,000 after acquiring an additional 241 shares during the last quarter. Beaird Harris Wealth Management LLC increased its stake in Cisco Systems by 164.0% during the second quarter. Beaird Harris Wealth Management LLC now owns 813 shares of the network equipment provider’s stock worth $35,000 after acquiring an additional 505 shares during the last quarter. JTC Employer Solutions Trustee Ltd increased its stake in Cisco Systems by 297.7% during the third quarter. JTC Employer Solutions Trustee Ltd now owns 1,193 shares of the network equipment provider’s stock worth $48,000 after acquiring an additional 893 shares during the last quarter. MBM Wealth Consultants LLC increased its stake in Cisco Systems by 186.4% during the third quarter. MBM Wealth Consultants LLC now owns 1,220 shares of the network equipment provider’s stock worth $50,000 after acquiring an additional 794 shares during the last quarter. Finally, Winch Advisory Services LLC grew its stake in shares of Cisco Systems by 61.8% during the second quarter. Winch Advisory Services LLC now owns 1,259 shares of the network equipment provider’s stock valued at $54,000 after buying an additional 481 shares during the last quarter. 71.10% of the stock is owned by institutional investors.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $50.19 on Friday. The firm has a market capitalization of $205.57 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 2.26 and a beta of 1.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.41 and a quick ratio of 1.30. The business has a fifty day moving average of $48.59 and a 200 day moving average of $46.32. Cisco Systems, Inc. has a 1 year low of $38.60 and a 1 year high of $56.94.

Cisco Systems (NASDAQ:CSCO – Get Rating) last issued its earnings results on Wednesday, February 15th. The network equipment provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. The company had revenue of $13.59 billion during the quarter, compared to analyst estimates of $13.41 billion. Cisco Systems had a return on equity of 31.19% and a net margin of 21.26%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $0.77 EPS. As a group, research analysts expect that Cisco Systems, Inc. will post 3.34 earnings per share for the current year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 5th will be given a dividend of $0.39 per share. This is an increase from Cisco Systems’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 3.11%. The ex-dividend date is Tuesday, April 4th. Cisco Systems’s dividend payout ratio (DPR) is currently 55.68%.

Insiders Place Their Bets

In other Cisco Systems news, CEO Charles Robbins sold 20,117 shares of the stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $49.08, for a total transaction of $987,342.36. Following the sale, the chief executive officer now directly owns 798,970 shares of the company’s stock, valued at approximately $39,213,447.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Charles Robbins sold 20,117 shares of the firm’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $49.08, for a total transaction of $987,342.36. Following the sale, the chief executive officer now directly owns 798,970 shares in the company, valued at approximately $39,213,447.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 3,142 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $48.78, for a total transaction of $153,266.76. Following the completion of the transaction, the executive vice president now directly owns 180,697 shares in the company, valued at $8,814,399.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,568 shares of company stock valued at $2,376,624. Company insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CSCO. Cowen upped their target price on Cisco Systems from $61.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, February 16th. Rosenblatt Securities upped their target price on Cisco Systems from $51.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, February 16th. UBS Group upped their target price on Cisco Systems from $48.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, February 16th. Deutsche Bank Aktiengesellschaft upped their target price on Cisco Systems from $52.00 to $55.00 and gave the company a “hold” rating in a research note on Wednesday, February 22nd. Finally, Tigress Financial reissued a “buy” rating and issued a $73.00 price objective on shares of Cisco Systems in a research note on Friday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.38.

About Cisco Systems

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Cisco Systems, Inc engages in the design, manufacture, and sale of Internet Protocol-based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its products include the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security.