Calamos Wealth Management LLC Decreases Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Calamos Wealth Management LLC cut its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 16.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,861 shares of the network equipment provider’s stock after selling 2,375 shares during the quarter. Calamos Wealth Management LLC’s holdings in Cisco Systems were worth $702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Czech National Bank grew its stake in shares of Cisco Systems by 6.4% in the 3rd quarter. Czech National Bank now owns 820,712 shares of the network equipment provider’s stock worth $43,678,000 after buying an additional 49,100 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its stake in shares of Cisco Systems by 2.3% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 39,516 shares of the network equipment provider’s stock worth $2,103,000 after buying an additional 907 shares during the last quarter. Diversified Trust Co boosted its holdings in shares of Cisco Systems by 3.6% in the third quarter. Diversified Trust Co now owns 51,885 shares of the network equipment provider’s stock worth $2,761,000 after buying an additional 1,827 shares during the last quarter. Smith Anglin Financial LLC grew its position in shares of Cisco Systems by 15.4% during the 3rd quarter. Smith Anglin Financial LLC now owns 5,423 shares of the network equipment provider’s stock valued at $289,000 after acquiring an additional 725 shares during the period. Finally, Miracle Mile Advisors LLC increased its position in Cisco Systems by 13.7% in the third quarter. Miracle Mile Advisors LLC now owns 12,436 shares of the network equipment provider’s stock worth $662,000 after buying an additional 1,503 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Charles Robbins sold 171,744 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $9,873,562.56. Following the completion of the sale, the chief executive officer now owns 783,786 shares in the company, valued at approximately $45,059,857.14. This trade represents a 17.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Maria Victoria Wong sold 4,881 shares of Cisco Systems stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $59.73, for a total value of $291,542.13. Following the completion of the sale, the senior vice president now owns 51,931 shares in the company, valued at approximately $3,101,838.63. This trade represents a 8.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 353,522 shares of company stock valued at $20,349,721. 0.01% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CSCO shares. Melius upgraded Cisco Systems from a “hold” rating to a “buy” rating and increased their price target for the stock from $66.00 to $73.00 in a research note on Monday, January 6th. Citigroup lifted their price target on Cisco Systems from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Tigress Financial increased their target price on shares of Cisco Systems from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Wells Fargo & Company raised their price target on Cisco Systems from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Finally, Barclays boosted their price objective on shares of Cisco Systems from $49.00 to $56.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $62.72.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $61.34 on Wednesday. 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 1 year low of $44.50 and a 1 year high of $62.31. The stock’s 50-day moving average is $59.49 and its two-hundred day moving average is $54.67. The firm has a market cap of $244.30 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 4.51 and a beta of 0.84.

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

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend was Friday, January 3rd. Cisco Systems’s dividend payout ratio is currently 68.67%.

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.