Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by MeadowBrook Investment Advisors LLC

MeadowBrook Investment Advisors LLC lowered its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,079 shares of the network equipment provider’s stock after selling 680 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Cisco Systems were worth $833,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CSCO. TFB Advisors LLC acquired a new position in Cisco Systems during the fourth quarter worth approximately $253,000. Capital Advisors Inc. OK grew its stake in shares of Cisco Systems by 1.1% during the 4th quarter. Capital Advisors Inc. OK now owns 736,011 shares of the network equipment provider’s stock valued at $43,572,000 after buying an additional 7,736 shares during the period. Signet Investment Advisory Group Inc. increased its holdings in shares of Cisco Systems by 0.8% during the 4th quarter. Signet Investment Advisory Group Inc. now owns 77,620 shares of the network equipment provider’s stock worth $4,595,000 after buying an additional 638 shares during the last quarter. Leavell Investment Management Inc. raised its position in shares of Cisco Systems by 4.0% in the 4th quarter. Leavell Investment Management Inc. now owns 86,896 shares of the network equipment provider’s stock worth $5,144,000 after buying an additional 3,337 shares during the period. Finally, Quent Capital LLC grew its position in Cisco Systems by 6.5% during the fourth quarter. Quent Capital LLC now owns 24,306 shares of the network equipment provider’s stock valued at $1,439,000 after acquiring an additional 1,482 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cisco Systems

In other news, CEO Charles Robbins sold 171,744 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $57.49, for a total transaction of $9,873,562.56. Following the completion of the transaction, the chief executive officer now owns 783,786 shares of the company’s stock, valued at approximately $45,059,857.14. The trade was a 17.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Maria Victoria Wong sold 586 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $58.69, for a total transaction of $34,392.34. Following the completion of the sale, the senior vice president now directly owns 50,767 shares in the company, valued at approximately $2,979,515.23. This trade represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 353,522 shares of company stock valued at $20,349,721 in the last quarter. Insiders own 0.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Bank of America lifted their price objective on Cisco Systems from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Wells Fargo & Company increased their price objective on shares of Cisco Systems from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Melius Research raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Melius raised Cisco Systems from a “hold” rating to a “buy” rating and raised their price objective for the company from $66.00 to $73.00 in a research report on Monday, January 6th. Finally, Citigroup upped their target price on Cisco Systems from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. 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 company’s stock. Based on data from MarketBeat, Cisco Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.72.

Cisco Systems Price Performance

Shares of CSCO opened at $62.43 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The firm has a market cap of $248.64 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 4.63 and a beta of 0.84. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $63.25. The stock has a 50 day moving average of $59.78 and a 200-day moving average of $55.21.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share 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 analyst estimates of $13.78 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, analysts forecast that Cisco Systems, Inc. will post 2.97 EPS for the current year.

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.