Cisco Systems, Inc. (CSCO) Shares Sold by Nelson Roberts Investment Advisors LLC

Nelson Roberts Investment Advisors LLC lowered its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.9% during the 4th quarter, HoldingsChannel reports. The firm owned 222,305 shares of the network equipment provider’s stock after selling 4,200 shares during the quarter. Cisco Systems makes up about 2.7% of Nelson Roberts Investment Advisors LLC’s holdings, making the stock its 7th biggest position. Nelson Roberts Investment Advisors LLC’s holdings in Cisco Systems were worth $8,514,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Beach Investment Management LLC. purchased a new stake in shares of Cisco Systems during the 2nd quarter valued at about $1,030,000. Hudock Capital Group LLC raised its position in shares of Cisco Systems by 13.4% during the 2nd quarter. Hudock Capital Group LLC now owns 52,104 shares of the network equipment provider’s stock valued at $1,630,000 after buying an additional 6,164 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its position in shares of Cisco Systems by 3.2% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 76,250 shares of the network equipment provider’s stock valued at $2,387,000 after buying an additional 2,350 shares in the last quarter. McKinley Carter Wealth Services Inc. raised its position in shares of Cisco Systems by 11.1% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 7,162 shares of the network equipment provider’s stock valued at $224,000 after buying an additional 714 shares in the last quarter. Finally, NTV Asset Management LLC raised its position in shares of Cisco Systems by 16.3% during the 2nd quarter. NTV Asset Management LLC now owns 78,907 shares of the network equipment provider’s stock valued at $2,469,000 after buying an additional 11,062 shares in the last quarter. Institutional investors and hedge funds own 77.56% of the company’s stock.

How to Become a New Pot Stock Millionaire

NASDAQ CSCO opened at $42.89 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.38 and a current ratio of 2.43. Cisco Systems, Inc. has a 52-week low of $30.36 and a 52-week high of $46.16. The company has a market cap of $206,623.34, a PE ratio of 19.32, a price-to-earnings-growth ratio of 2.88 and a beta of 1.10.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.04. Cisco Systems had a negative net margin of 3.00% and a positive return on equity of 17.77%. The firm had revenue of $11.89 billion for the quarter, compared to the consensus estimate of $11.82 billion. During the same period last year, the firm earned $0.57 earnings per share. equities analysts predict that Cisco Systems, Inc. will post 2.33 earnings per share for the current year.

Cisco Systems declared that its board has initiated a share buyback plan on Wednesday, February 14th that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the network equipment provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Thursday, April 5th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 4th. This is an increase from Cisco Systems’s previous quarterly dividend of $0.29. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.08%. Cisco Systems’s dividend payout ratio (DPR) is currently 53.95%.

In other news, Director M Michele Burns sold 12,126 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $45.37, for a total transaction of $550,156.62. Following the transaction, the director now directly owns 74,479 shares in the company, valued at $3,379,112.23. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP David Goeckeler sold 20,671 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $45.50, for a total transaction of $940,530.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,986 shares of company stock worth $2,116,422. Insiders own 0.05% of the company’s stock.

Several equities analysts recently commented on CSCO shares. Vetr downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $45.60 price target on the stock. in a report on Monday, March 26th. BidaskClub upgraded shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, January 5th. Citigroup upped their price target on shares of Cisco Systems from $46.00 to $52.00 and gave the company a “buy” rating in a report on Friday, March 16th. BMO Capital Markets upped their price target on shares of Cisco Systems from $36.00 to $43.00 and gave the company a “market perform” rating in a report on Thursday, February 15th. Finally, KeyCorp upped their price target on shares of Cisco Systems from $43.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Eleven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $44.21.

COPYRIGHT VIOLATION WARNING: “Cisco Systems, Inc. (CSCO) Shares Sold by Nelson Roberts Investment Advisors LLC” was originally reported by WKRB News and is the property of of WKRB News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.wkrb13.com/2018/03/31/cisco-systems-inc-csco-shares-sold-by-nelson-roberts-investment-advisors-llc.html.

Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. The company offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO).

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

Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply