Foster & Motley Inc. cut its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 6.9% in the 4th quarter, Holdings Channel reports. The fund owned 230,100 shares of the network equipment provider’s stock after selling 17,175 shares during the period. Cisco Systems comprises about 1.4% of Foster & Motley Inc.’s holdings, making the stock its 19th largest position. Foster & Motley Inc.’s holdings in Cisco Systems were worth $8,813,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Palo Capital Inc. boosted its position in shares of Cisco Systems by 22.2% in the fourth quarter. Palo Capital Inc. now owns 29,376 shares of the network equipment provider’s stock worth $1,125,000 after buying an additional 5,337 shares during the period. Patten & Patten Inc. TN boosted its position in shares of Cisco Systems by 3.3% in the fourth quarter. Patten & Patten Inc. TN now owns 291,905 shares of the network equipment provider’s stock worth $11,180,000 after buying an additional 9,415 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Cisco Systems by 13.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 138,626 shares of the network equipment provider’s stock worth $5,309,000 after buying an additional 16,276 shares during the period. V Wealth Management LLC boosted its position in shares of Cisco Systems by 27.1% in the fourth quarter. V Wealth Management LLC now owns 21,884 shares of the network equipment provider’s stock worth $884,000 after buying an additional 4,664 shares during the period. Finally, GW&K Investment Management LLC boosted its position in shares of Cisco Systems by 6.0% in the fourth quarter. GW&K Investment Management LLC now owns 1,506,602 shares of the network equipment provider’s stock worth $57,703,000 after buying an additional 85,784 shares during the period. Institutional investors own 77.53% of the company’s stock.

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Shares of CSCO stock opened at $44.37 on Wednesday. Cisco Systems, Inc. has a one year low of $30.36 and a one year high of $46.16. The stock has a market capitalization of $213,271.53, a P/E ratio of -138.66, a price-to-earnings-growth ratio of 2.98 and a beta of 1.10. The company has a current ratio of 2.43, a quick ratio of 2.38 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04. Cisco Systems had a positive return on equity of 17.77% and a negative net margin of 3.00%. The firm had revenue of $11.89 billion for the quarter, compared to analysts’ expectations of $11.82 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. equities research analysts expect that Cisco Systems, Inc. will post 2.32 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Thursday, April 5th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.97%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 4th. Cisco Systems’s dividend payout ratio is presently -362.50%.

Cisco Systems announced that its Board of Directors has authorized a share repurchase program on Wednesday, February 14th that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the network equipment provider to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Several equities research analysts have recently weighed in on CSCO shares. BidaskClub raised Cisco Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 5th. Citigroup upped their target price on Cisco Systems from $46.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, March 16th. Vetr raised Cisco Systems from a “buy” rating to a “strong-buy” rating and set a $44.13 target price for the company in a research report on Monday, February 5th. BMO Capital Markets upped their target price on Cisco Systems from $36.00 to $43.00 and gave the stock a “market perform” rating in a research report on Thursday, February 15th. Finally, KeyCorp upped their target price on Cisco Systems from $43.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $44.25.

In other news, Director Arun Sarin sold 14,189 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $44.10, for a total transaction of $625,734.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP David Goeckeler sold 20,671 shares of the stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $45.50, for a total value of $940,530.50. The disclosure for this sale can be found here. Insiders have sold a total of 46,986 shares of company stock worth $2,116,422 over the last quarter. Insiders own 0.05% of the company’s stock.

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Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

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

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