Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by GEM Asset Management LLC

GEM Asset Management LLC decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,198 shares of the network equipment provider’s stock after selling 314 shares during the quarter. GEM Asset Management LLC’s holdings in Cisco Systems were worth $426,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC raised its holdings in shares of Cisco Systems by 57.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,126 shares of the network equipment provider’s stock worth $273,000 after purchasing an additional 1,876 shares during the period. ORG Wealth Partners LLC acquired a new position in Cisco Systems during the third quarter valued at approximately $58,000. Fiduciary Alliance LLC grew its stake in Cisco Systems by 14.8% during the third quarter. Fiduciary Alliance LLC now owns 11,029 shares of the network equipment provider’s stock worth $587,000 after buying an additional 1,425 shares during the period. CX Institutional increased its position in shares of Cisco Systems by 30.4% in the third quarter. CX Institutional now owns 124,809 shares of the network equipment provider’s stock worth $6,642,000 after acquiring an additional 29,117 shares in the last quarter. Finally, Wesbanco Bank Inc. raised its stake in shares of Cisco Systems by 2.5% in the 3rd quarter. Wesbanco Bank Inc. now owns 394,968 shares of the network equipment provider’s stock valued at $21,020,000 after acquiring an additional 9,547 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 21,230 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $57.07, for a total transaction of $1,211,596.10. Following the completion of the transaction, the executive vice president now owns 213,834 shares in the company, valued at $12,203,506.38. The trade was a 9.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kristina M. Johnson sold 7,500 shares of Cisco Systems stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $59.87, for a total transaction of $449,025.00. Following the sale, the director now owns 65,915 shares of the company’s stock, valued at $3,946,331.05. The trade was a 10.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 353,522 shares of company stock valued at $20,349,721. 0.01% of the stock is owned by company insiders.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $62.43 on Wednesday. The stock has a 50 day moving average price of $59.78 and a two-hundred day moving average price of $55.21. The company has a market capitalization of $248.64 billion, a P/E ratio of 26.79, a PEG ratio of 4.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $63.25.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The business had revenue of $13.84 billion during the quarter, compared to analyst estimates of $13.78 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. Cisco Systems’s revenue was down 5.6% on a year-over-year basis. Analysts expect that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CSCO. BNP Paribas raised Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 target price on the stock in a research report on Tuesday, January 28th. Barclays raised their price target on shares of Cisco Systems from $49.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Wells Fargo & Company increased their price target on Cisco Systems from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Morgan Stanley upped their price objective on shares of Cisco Systems from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. upgraded Cisco Systems from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $55.00 to $66.00 in a report on Monday, November 11th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Cisco Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.72.

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.