Bogart Wealth LLC Lowers Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Bogart Wealth LLC decreased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 200,986 shares of the network equipment provider’s stock after selling 905 shares during the period. Bogart Wealth LLC’s holdings in Cisco Systems were worth $11,898,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CSCO. Exchange Traded Concepts LLC boosted its holdings in shares of Cisco Systems by 57.7% in the third quarter. Exchange Traded Concepts LLC now owns 5,126 shares of the network equipment provider’s stock valued at $273,000 after purchasing an additional 1,876 shares during the period. Creative Planning boosted its holdings in shares of Cisco Systems by 3.4% in the third quarter. Creative Planning now owns 1,155,964 shares of the network equipment provider’s stock valued at $60,979,000 after purchasing an additional 38,000 shares during the period. Swedbank AB lifted its holdings in Cisco Systems by 0.6% during the third quarter. Swedbank AB now owns 9,029,594 shares of the network equipment provider’s stock worth $480,555,000 after buying an additional 52,711 shares during the period. Sumitomo Life Insurance Co. lifted its holdings in Cisco Systems by 2.4% during the third quarter. Sumitomo Life Insurance Co. now owns 36,707 shares of the network equipment provider’s stock worth $1,954,000 after buying an additional 847 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Cisco Systems by 0.8% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 188,268 shares of the network equipment provider’s stock worth $10,020,000 after buying an additional 1,553 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $63.84 on Friday. The firm has a market capitalization of $254.26 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 4.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80. The business has a fifty day moving average of $59.89 and a 200 day moving average of $55.36. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $66.50.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.14). Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. As a group, research analysts expect that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 12th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the network equipment provider to reacquire up to 6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.57%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.40. Cisco Systems’s dividend payout ratio (DPR) is presently 68.67%.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 21,230 shares of Cisco Systems stock in a transaction dated 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 approximately $12,203,506.38. This trade represents a 9.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Maria Victoria Wong sold 4,881 shares of Cisco Systems stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $59.73, for a total value of $291,542.13. Following the transaction, the senior vice president now owns 51,931 shares of the company’s stock, valued at $3,101,838.63. The trade was a 8.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,239 shares of company stock worth $2,166,612. Insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Citigroup upped their target price on Cisco Systems from $68.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group upped their target price on Cisco Systems from $62.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday. Morgan Stanley upped their target price on Cisco Systems from $62.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Bank of America upped their target price on Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. upped their target price on Cisco Systems from $69.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.53.

Cisco Systems 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.