Cisco Systems, Inc. (NASDAQ:CSCO) Holdings Decreased by St. Louis Financial Planners Asset Management LLC

St. Louis Financial Planners Asset Management LLC reduced its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,353 shares of the network equipment provider’s stock after selling 2,861 shares during the period. Cisco Systems comprises about 1.8% of St. Louis Financial Planners Asset Management LLC’s holdings, making the stock its 17th largest holding. St. Louis Financial Planners Asset Management LLC’s holdings in Cisco Systems were worth $2,234,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CSCO. Hancock Whitney Corp grew its holdings in shares of Cisco Systems by 0.6% during the 4th quarter. Hancock Whitney Corp now owns 320,810 shares of the network equipment provider’s stock valued at $16,207,000 after acquiring an additional 1,884 shares in the last quarter. Vista Investment Management grew its stake in Cisco Systems by 7.7% in the fourth quarter. Vista Investment Management now owns 32,083 shares of the network equipment provider’s stock valued at $1,621,000 after purchasing an additional 2,284 shares in the last quarter. Ethic Inc. grew its stake in Cisco Systems by 5.5% in the fourth quarter. Ethic Inc. now owns 486,034 shares of the network equipment provider’s stock valued at $24,554,000 after purchasing an additional 25,174 shares in the last quarter. Jacobi Capital Management LLC increased its position in Cisco Systems by 2.3% in the 4th quarter. Jacobi Capital Management LLC now owns 83,821 shares of the network equipment provider’s stock worth $4,235,000 after purchasing an additional 1,867 shares during the last quarter. Finally, Caxton Associates LP lifted its holdings in shares of Cisco Systems by 642.8% during the 4th quarter. Caxton Associates LP now owns 40,759 shares of the network equipment provider’s stock valued at $2,059,000 after buying an additional 35,272 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays dropped their price objective on Cisco Systems from $50.00 to $49.00 and set an “equal weight” rating on the stock in a report on Thursday, August 15th. Jefferies Financial Group reduced their price objective on shares of Cisco Systems from $56.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Hsbc Global Res raised shares of Cisco Systems to a “strong-buy” rating in a research report on Friday, August 16th. Evercore ISI upped their price target on Cisco Systems from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Finally, New Street Research raised Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $55.00.

Insider Activity

In related news, EVP Deborah L. Stahlkopf sold 7,462 shares of Cisco Systems stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $49.41, for a total transaction of $368,697.42. Following the completion of the transaction, the executive vice president now directly owns 165,580 shares of the company’s stock, valued at $8,181,307.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 7,462 shares of Cisco Systems stock in a transaction on Friday, August 16th. The stock was sold at an average price of $49.41, for a total value of $368,697.42. Following the completion of the transaction, the executive vice president now owns 165,580 shares in the company, valued at approximately $8,181,307.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Robbins sold 27,143 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $49.45, for a total value of $1,342,221.35. Following the completion of the transaction, the chief executive officer now directly owns 683,403 shares in the company, valued at approximately $33,794,278.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,529 shares of company stock worth $3,509,049. Corporate insiders own 0.02% of the company’s stock.

Cisco Systems Stock Performance

CSCO opened at $52.73 on Wednesday. The stock has a market cap of $212.44 billion, a PE ratio of 17.75, a P/E/G ratio of 4.11 and a beta of 0.83. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $54.58. The stock’s 50 day simple moving average is $49.76 and its 200-day simple moving average is $48.30. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $13.53 billion. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 earnings per share. Sell-side analysts forecast that Cisco Systems, Inc. will post 2.9 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.03%. Cisco Systems’s payout ratio is presently 53.87%.

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.