EverSource Wealth Advisors LLC Purchases 645 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

EverSource Wealth Advisors LLC boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 4.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 14,080 shares of the network equipment provider’s stock after acquiring an additional 645 shares during the period. EverSource Wealth Advisors LLC’s holdings in Cisco Systems were worth $711,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wealthspire Advisors LLC boosted its stake in shares of Cisco Systems by 48.1% during the 3rd quarter. Wealthspire Advisors LLC now owns 71,385 shares of the network equipment provider’s stock worth $3,838,000 after buying an additional 23,194 shares during the last quarter. Roble Belko & Company Inc boosted its stake in shares of Cisco Systems by 77.1% during the 4th quarter. Roble Belko & Company Inc now owns 6,405 shares of the network equipment provider’s stock worth $324,000 after buying an additional 2,788 shares during the last quarter. HBK Sorce Advisory LLC boosted its stake in shares of Cisco Systems by 0.5% during the 3rd quarter. HBK Sorce Advisory LLC now owns 64,136 shares of the network equipment provider’s stock worth $3,448,000 after buying an additional 301 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in Cisco Systems during the fourth quarter worth about $28,685,000. Finally, Adage Capital Partners GP L.L.C. increased its position in Cisco Systems by 1.1% during the third quarter. Adage Capital Partners GP L.L.C. now owns 4,470,521 shares of the network equipment provider’s stock worth $240,335,000 after buying an additional 49,700 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Trading Down 1.2 %

Shares of NASDAQ CSCO traded down $0.55 during midday trading on Thursday, reaching $46.88. The stock had a trading volume of 2,923,480 shares, compared to its average volume of 19,264,973. Cisco Systems, Inc. has a twelve month low of $46.20 and a twelve month high of $58.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.89. The company’s 50 day moving average price is $48.51 and its 200 day moving average price is $49.39. The firm has a market cap of $189.83 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 2.73 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.18. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The business had revenue of $12.70 billion for the quarter, compared to analyst estimates of $12.53 billion. During the same quarter in the previous year, the business earned $0.88 earnings per share. Cisco Systems’s revenue for the quarter was down 12.8% on a year-over-year basis. As a group, sell-side analysts expect that Cisco Systems, Inc. will post 3.13 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Friday, July 5th will be paid a $0.40 dividend. The ex-dividend date is Friday, July 5th. This represents a $1.60 annualized dividend and a dividend yield of 3.41%. Cisco Systems’s dividend payout ratio is currently 53.87%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CSCO. Deutsche Bank Aktiengesellschaft boosted their target price on Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, April 9th. Citigroup began coverage on shares of Cisco Systems in a report on Friday, April 12th. They set a “neutral” rating and a $52.00 target price for the company. Oppenheimer raised their price objective on shares of Cisco Systems from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. StockNews.com raised Cisco Systems from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Finally, Barclays increased their price objective on Cisco Systems from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $56.47.

Insider Buying and Selling

In other news, EVP Deborah L. Stahlkopf sold 8,016 shares of Cisco Systems stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $48.24, for a total transaction of $386,691.84. Following the completion of the transaction, the executive vice president now directly owns 180,705 shares in the company, valued at $8,717,209.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction that occurred 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 $16,424,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 8,016 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $48.24, for a total value of $386,691.84. Following the completion of the transaction, the executive vice president now directly owns 180,705 shares in the company, valued at approximately $8,717,209.20. The disclosure for this sale can be found here. Insiders have sold a total of 27,457 shares of company stock valued at $1,358,772 over the last ninety days. 0.02% of the stock is owned by corporate insiders.

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.