Clearstead Trust LLC Buys 459 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Clearstead Trust LLC boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,207 shares of the network equipment provider’s stock after purchasing an additional 459 shares during the quarter. Clearstead Trust LLC’s holdings in Cisco Systems were worth $1,425,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Talbot Financial LLC boosted its position in shares of Cisco Systems by 0.4% during the 3rd quarter. Talbot Financial LLC now owns 167,474 shares of the network equipment provider’s stock valued at $9,003,000 after acquiring an additional 687 shares during the last quarter. Forza Wealth Management LLC increased its holdings in shares of Cisco Systems by 1.5% in the 3rd quarter. Forza Wealth Management LLC now owns 60,710 shares of the network equipment provider’s stock worth $3,264,000 after buying an additional 900 shares during the last quarter. Tcwp LLC raised its position in shares of Cisco Systems by 0.9% during the 3rd quarter. Tcwp LLC now owns 45,864 shares of the network equipment provider’s stock valued at $2,466,000 after buying an additional 421 shares in the last quarter. Legacy Financial Group LLC bought a new position in Cisco Systems in the third quarter valued at $55,000. Finally, Channel Wealth LLC raised its position in Cisco Systems by 9.3% during the third quarter. Channel Wealth LLC now owns 9,766 shares of the network equipment provider’s stock valued at $525,000 after purchasing an additional 831 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the sale, the executive vice president now directly owns 191,559 shares in the company, valued at approximately $9,579,865.59. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems 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 completion of the sale, the senior vice president now directly owns 58,121 shares of the company’s stock, valued at approximately $2,906,050. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,441 shares of company stock valued at $972,080. Insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CSCO. Wells Fargo & Company started coverage on Cisco Systems in a research report on Thursday, February 15th. They set an “equal weight” rating and a $52.00 price objective on the stock. Bank of America upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $55.00 to $60.00 in a research report on Monday, April 15th. StockNews.com upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. began coverage on Cisco Systems in a research note on Monday, April 22nd. They set a “neutral” rating and a $53.00 price objective on the stock. Finally, UBS Group boosted their target price on Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $55.53.

Cisco Systems Stock Up 0.7 %

Shares of NASDAQ:CSCO traded up $0.33 during midday trading on Friday, reaching $47.12. The company’s stock had a trading volume of 17,935,302 shares, compared to its average volume of 17,219,910. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $48.79 and a 200-day moving average of $49.83. The firm has a market capitalization of $190.80 billion, a P/E ratio of 14.32, a PEG ratio of 2.70 and a beta of 0.87. Cisco Systems, Inc. has a 12-month low of $45.56 and a 12-month high of $58.19.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The business had revenue of $12.79 billion for the quarter, compared to analysts’ expectations of $12.71 billion. During the same quarter in the prior year, the company earned $0.76 earnings per share. The business’s revenue was down 5.9% compared to the same quarter last year. On average, research analysts anticipate that Cisco Systems, Inc. will post 3.13 earnings per share for the current year.

Cisco Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.40%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date was Wednesday, April 3rd. Cisco Systems’s payout ratio is 48.63%.

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 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.