Measured Wealth Private Client Group LLC Sells 3,142 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Measured Wealth Private Client Group LLC reduced its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 18.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,316 shares of the network equipment provider’s stock after selling 3,142 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Cisco Systems were worth $723,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Valued Wealth Advisors LLC acquired a new position in shares of Cisco Systems during the fourth quarter worth $32,000. DiNuzzo Private Wealth Inc. acquired a new position in Cisco Systems in the 4th quarter worth about $33,000. Morton Brown Family Wealth LLC raised its position in Cisco Systems by 41.9% in the fourth quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 208 shares during the last quarter. Bourgeon Capital Management LLC boosted its stake in shares of Cisco Systems by 3,500.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 700 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new stake in shares of Cisco Systems during the fourth quarter worth about $43,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the completion of the transaction, the senior vice president now directly owns 58,121 shares in the company, valued at $2,906,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the sale, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total transaction of $124,850.00. Following the transaction, the senior vice president now directly owns 58,121 shares in the company, valued at $2,906,050. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,441 shares of company stock worth $972,080. Insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

CSCO has been the topic of several recent research reports. Morgan Stanley began coverage on shares of Cisco Systems in a research report on Tuesday, April 9th. They set an “overweight” rating and a $58.00 target price on the stock. Wells Fargo & Company started coverage on shares of Cisco Systems in a research note on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their target price on Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, April 9th. Barclays upped their price target 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. Finally, StockNews.com upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cisco Systems presently has a consensus rating of “Hold” and a consensus price target of $55.53.

Cisco Systems Stock Up 0.7 %

CSCO traded up $0.33 during midday trading on Friday, hitting $47.12. The company had a trading volume of 17,935,302 shares, compared to its average volume of 17,219,910. The company has a market capitalization of $190.80 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 2.70 and a beta of 0.87. The stock’s 50 day moving average price is $48.79 and its 200 day moving average price is $49.83. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. Cisco Systems, Inc. has a 52 week low of $45.56 and a 52 week high of $58.19.

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

Cisco Systems Increases Dividend

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