TCI Wealth Advisors Inc. Has $549,000 Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

TCI Wealth Advisors Inc. decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,876 shares of the network equipment provider’s stock after selling 366 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Cisco Systems were worth $549,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CSCO. Valued Wealth Advisors LLC bought a new stake in shares of Cisco Systems during the fourth quarter worth about $32,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Cisco Systems during the fourth quarter worth about $33,000. Morton Brown Family Wealth LLC grew its holdings in shares of Cisco Systems by 41.9% during the fourth quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 208 shares during the last quarter. Bourgeon Capital Management LLC grew its holdings in shares of Cisco Systems by 3,500.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 700 shares during the last quarter. Finally, Rakuten Securities Inc. bought a new stake in shares of Cisco Systems during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Activity at Cisco Systems

In related news, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the sale, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the completion of the sale, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The sale was disclosed in a legal filing 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 sale, the executive vice president now directly owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The disclosure for this sale can be found here. In the last three months, insiders sold 19,441 shares of company stock valued at $972,080. 0.02% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CSCO has been the topic of several analyst reports. UBS Group upped their target price on Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Morgan Stanley initiated coverage on Cisco Systems in a report on Tuesday, April 9th. They issued an “overweight” rating and a $58.00 target price on the stock. Citigroup initiated coverage on Cisco Systems in a report on Friday, April 12th. They issued a “neutral” rating and a $52.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Cisco Systems in a report on Monday, April 22nd. They issued a “neutral” rating and a $53.00 target price on the stock. Finally, Barclays upped their target price on Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Two research 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $55.53.

Cisco Systems Stock Up 0.7 %

Shares of NASDAQ:CSCO traded up $0.33 during trading on Friday, reaching $47.12. 17,935,302 shares of the stock were exchanged, compared to its average volume of 17,219,910. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26. Cisco Systems, Inc. has a 1-year low of $45.56 and a 1-year high of $58.19. The stock has a fifty day moving average of $48.79 and a two-hundred day moving average of $49.77. The firm has a market cap of $190.80 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 2.72 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results 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 return on equity of 33.01% and a net margin of 23.49%. The company had revenue of $12.79 billion for the quarter, compared to analyst estimates of $12.71 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. Cisco Systems’s revenue for the quarter was down 5.9% on a year-over-year basis. Research analysts anticipate that Cisco Systems, Inc. will post 3.13 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

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

About Cisco Systems

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.