Matrix Trust Co Sells 356 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Matrix Trust Co reduced its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,550 shares of the network equipment provider’s stock after selling 356 shares during the quarter. Matrix Trust Co’s holdings in Cisco Systems were worth $1,089,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. SS&H Financial Advisors Inc. acquired a new position in shares of Cisco Systems during the third quarter worth about $3,512,000. Advisory Alpha LLC boosted its position in Cisco Systems by 33.1% during the third quarter. Advisory Alpha LLC now owns 7,582 shares of the network equipment provider’s stock valued at $408,000 after purchasing an additional 1,887 shares during the last quarter. Measured Wealth Private Client Group LLC boosted its position in Cisco Systems by 28.4% during the third quarter. Measured Wealth Private Client Group LLC now owns 17,458 shares of the network equipment provider’s stock valued at $939,000 after purchasing an additional 3,864 shares during the last quarter. UMB Bank n.a. boosted its position in Cisco Systems by 43.3% during the third quarter. UMB Bank n.a. now owns 291,293 shares of the network equipment provider’s stock valued at $15,660,000 after purchasing an additional 88,075 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its position in Cisco Systems by 8.1% during the third quarter. LS Investment Advisors LLC now owns 38,704 shares of the network equipment provider’s stock valued at $2,081,000 after purchasing an additional 2,890 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CSCO has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft increased their price target on Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, April 9th. UBS Group increased their price target on Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. StockNews.com cut Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research note on Tuesday, April 9th. Finally, Morgan Stanley began coverage on Cisco Systems in a research note on Tuesday, April 9th. They issued an “overweight” rating and a $58.00 price objective on the stock. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Cisco Systems currently has a consensus rating of “Hold” and a consensus target price of $55.53.

Insiders Place Their Bets

In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total transaction of $124,850.00. Following the transaction, the senior vice president now owns 58,121 shares in the company, valued at approximately $2,906,050. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the sale, the senior vice president now owns 58,121 shares of the company’s stock, valued at approximately $2,906,050. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the firm’s stock in a transaction 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 sale, 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. Insiders have sold a total of 19,441 shares of company stock worth $972,080 in the last 90 days. Company insiders own 0.02% of the company’s stock.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO traded down $0.24 during trading hours on Friday, reaching $47.86. 14,658,910 shares of the stock were exchanged, compared to its average volume of 16,851,638. The stock’s fifty day simple moving average is $48.94 and its 200 day simple moving average is $50.06. Cisco Systems, Inc. has a 52 week low of $45.56 and a 52 week high of $58.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.37. The firm has a market capitalization of $193.79 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 2.78 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The firm had revenue of $12.79 billion for the quarter, compared to analyst estimates of $12.71 billion. During the same quarter last year, the company earned $0.76 EPS. The company’s revenue was down 5.9% on a year-over-year basis. Sell-side analysts predict that Cisco Systems, Inc. will post 3.13 EPS for the current year.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Wednesday, April 3rd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio (DPR) is 48.63%.

Cisco Systems 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.