Forte Capital LLC ADV Has $3.23 Million Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Forte Capital LLC ADV cut its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,001 shares of the network equipment provider’s stock after selling 653 shares during the quarter. Forte Capital LLC ADV’s holdings in Cisco Systems were worth $3,233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Valued Wealth Advisors LLC acquired a new stake in shares of Cisco Systems during the fourth quarter worth approximately $32,000. DiNuzzo Private Wealth Inc. purchased a new stake in Cisco Systems in the 4th quarter worth approximately $33,000. Morton Brown Family Wealth LLC boosted its stake in shares of Cisco Systems by 41.9% during the 4th quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock valued at $36,000 after buying an additional 208 shares during the period. Bourgeon Capital Management LLC grew its holdings in shares of Cisco Systems by 3,500.0% during the 4th quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock valued at $36,000 after acquiring an additional 700 shares in the last quarter. Finally, Rakuten Securities Inc. acquired a new position in shares of Cisco Systems in the fourth quarter worth $43,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Activity at Cisco Systems

In other news, CFO Richard Scott Herren sold 13,942 shares of Cisco Systems stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the sale, the chief financial officer now owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the transaction, the chief financial officer now owns 328,491 shares in the company, valued at approximately $16,424,550. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the transaction, the executive vice president now directly owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The disclosure for this sale can be found here. Insiders have sold 19,441 shares of company stock worth $972,080 over the last three months. Company insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

CSCO has been the subject of a number of research reports. Barclays lifted their price objective on Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Wells Fargo & Company assumed coverage on Cisco Systems in a research note on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 price target for the company. Citigroup started coverage on shares of Cisco Systems in a research report on Friday, April 12th. They set a “neutral” rating and a $52.00 price objective on the stock. Melius downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Melius Research restated a “hold” rating and set a $55.00 price target on shares of Cisco Systems in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.53.

Cisco Systems Stock Performance

Shares of CSCO traded up $0.33 during mid-day trading on Friday, hitting $47.12. The company’s stock had a trading volume of 17,935,302 shares, compared to its average volume of 17,219,910. Cisco Systems, Inc. has a one year low of $45.56 and a one year high of $58.19. The stock’s 50-day moving average is $48.79 and its two-hundred day moving average is $49.83. The firm has a market capitalization of $190.80 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 2.72 and a beta of 0.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.37.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The firm had revenue of $12.79 billion during the quarter, compared to the consensus estimate of $12.71 billion. During the same period in the prior year, the firm earned $0.76 EPS. The business’s revenue was down 5.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.13 EPS for the current year.

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Thursday, April 4th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, April 3rd. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a yield of 3.40%. Cisco Systems’s dividend payout ratio (DPR) is 48.63%.

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.