Cisco Systems, Inc. (CSCO) is Altavista Wealth Management Inc.’s 9th Largest Position

Altavista Wealth Management Inc. reduced its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.7% during the fourth quarter, Holdings Channel reports. The firm owned 151,782 shares of the network equipment provider’s stock after selling 2,551 shares during the period. Cisco Systems accounts for about 2.5% of Altavista Wealth Management Inc.’s portfolio, making the stock its 9th largest position. Altavista Wealth Management Inc.’s holdings in Cisco Systems were worth $4,587,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Proficio Capital Partners LLC increased its position in shares of Cisco Systems by 7.0% in the third quarter. Proficio Capital Partners LLC now owns 3,211 shares of the network equipment provider’s stock worth $102,000 after buying an additional 210 shares during the last quarter. Orrstown Financial Services Inc. increased its position in shares of Cisco Systems by 89.3% in the third quarter. Orrstown Financial Services Inc. now owns 3,243 shares of the network equipment provider’s stock worth $103,000 after buying an additional 1,530 shares during the last quarter. Reilly Financial Advisors LLC increased its position in shares of Cisco Systems by 9.5% in the third quarter. Reilly Financial Advisors LLC now owns 3,289 shares of the network equipment provider’s stock worth $104,000 after buying an additional 286 shares during the last quarter. Edmond DE Rothschild Monaco bought a new position in shares of Cisco Systems during the third quarter worth approximately $111,000. Finally, West Oak Capital LLC increased its position in shares of Cisco Systems by 19.1% in the third quarter. West Oak Capital LLC now owns 4,052 shares of the network equipment provider’s stock worth $129,000 after buying an additional 651 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at 34.28 on Tuesday. The company has a 50-day moving average price of $33.05 and a 200 day moving average price of $31.26. The stock has a market capitalization of $171.67 billion, a P/E ratio of 17.67 and a beta of 1.36. Cisco Systems, Inc. has a 52 week low of $25.81 and a 52 week high of $34.53.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, February 15th. The network equipment provider reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The company earned $11.60 billion during the quarter, compared to analysts’ expectations of $11.55 billion. Cisco Systems had a return on equity of 17.50% and a net margin of 21.73%. During the same period last year, the firm earned $0.57 EPS. Analysts forecast that Cisco Systems, Inc. will post $2.38 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Thursday, April 6th will be paid a $0.29 dividend. This is a boost from Cisco Systems’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Tuesday, April 4th. Cisco Systems’s dividend payout ratio (DPR) is 49.52%.

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A number of research analysts recently commented on CSCO shares. Oppenheimer Holdings Inc. set a $34.00 price objective on Cisco Systems and gave the stock a “buy” rating in a research note on Tuesday, January 24th. Zacks Investment Research upgraded Cisco Systems from a “sell” rating to a “hold” rating in a research note on Monday, February 20th. Goldman Sachs Group Inc restated a “neutral” rating and set a $32.00 price objective on shares of Cisco Systems in a research note on Thursday, December 29th. Vetr upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $31.84 price objective for the company in a research note on Wednesday, February 1st. Finally, Wells Fargo & Co restated an “overweight” rating on shares of Cisco Systems in a research note on Saturday, January 28th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $33.97.

In other news, SVP Karen Walker sold 1,793 shares of Cisco Systems stock in a transaction on Friday, December 23rd. The stock was sold at an average price of $30.41, for a total value of $54,525.13. Following the completion of the sale, the senior vice president now directly owns 183,275 shares of the company’s stock, valued at approximately $5,573,392.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Prat Bhatt sold 15,672 shares of Cisco Systems stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $34.27, for a total value of $537,079.44. Following the completion of the sale, the senior vice president now directly owns 77,174 shares of the company’s stock, valued at $2,644,752.98. The disclosure for this sale can be found here. Insiders sold a total of 373,600 shares of company stock valued at $12,723,418 over the last three months. Insiders own 0.11% of the company’s stock.

Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

5 Day Chart for NASDAQ:CSCO

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