Barry Investment Advisors LLC Sells 2,009 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Barry Investment Advisors LLC lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 155,846 shares of the network equipment provider’s stock after selling 2,009 shares during the period. Cisco Systems comprises about 2.7% of Barry Investment Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. Barry Investment Advisors LLC’s holdings in Cisco Systems were worth $7,873,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Waddell & Associates LLC boosted its holdings in shares of Cisco Systems by 0.8% during the 3rd quarter. Waddell & Associates LLC now owns 24,693 shares of the network equipment provider’s stock worth $1,328,000 after purchasing an additional 191 shares during the last quarter. Sax Wealth Advisors LLC boosted its holdings in shares of Cisco Systems by 3.6% during the 3rd quarter. Sax Wealth Advisors LLC now owns 5,686 shares of the network equipment provider’s stock worth $306,000 after purchasing an additional 196 shares during the last quarter. Winch Advisory Services LLC boosted its holdings in shares of Cisco Systems by 19.3% during the 3rd quarter. Winch Advisory Services LLC now owns 1,232 shares of the network equipment provider’s stock worth $66,000 after purchasing an additional 199 shares during the last quarter. Hyman Charles D lifted its holdings in Cisco Systems by 0.3% in the fourth quarter. Hyman Charles D now owns 70,727 shares of the network equipment provider’s stock valued at $3,573,000 after acquiring an additional 203 shares during the last quarter. Finally, Madrona Financial Services LLC lifted its holdings in Cisco Systems by 2.4% in the fourth quarter. Madrona Financial Services LLC now owns 8,970 shares of the network equipment provider’s stock valued at $453,000 after acquiring an additional 207 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the completion of the transaction, the executive vice president now owns 191,559 shares in the company, valued at $9,579,865.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 8,016 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $48.24, for a total value of $386,691.84. Following the completion of the transaction, the executive vice president now owns 180,705 shares in the company, valued at $8,717,209.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction of $150,130.02. Following the completion of the transaction, the executive vice president now owns 191,559 shares of the company’s stock, valued at approximately $9,579,865.59. The disclosure for this sale can be found here. Insiders have sold 27,457 shares of company stock valued at $1,358,772 over the last quarter. 0.02% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CSCO has been the topic of a number of recent analyst reports. StockNews.com upgraded Cisco Systems from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a report on Thursday, May 16th. UBS Group upped their price objective on Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Barclays boosted their target price on Cisco Systems from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, May 17th. Finally, BNP Paribas raised Cisco Systems from an “underperform” rating to a “neutral” rating and set a $50.00 target price on the stock in a research report on Monday, May 13th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $56.47.

Cisco Systems Stock Up 0.9 %

NASDAQ:CSCO traded up $0.41 during trading hours on Wednesday, hitting $47.35. The company’s stock had a trading volume of 12,521,040 shares, compared to its average volume of 19,355,789. The stock has a market capitalization of $191.73 billion, a P/E ratio of 15.92, a price-to-earnings-growth ratio of 2.15 and a beta of 0.87. The stock has a fifty day moving average of $48.57 and a 200-day moving average of $49.40. The company has a current ratio of 0.89, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. Cisco Systems, Inc. has a 52-week low of $46.20 and a 52-week high of $58.19.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.70 by $0.18. The firm had revenue of $12.70 billion for the quarter, compared to analyst estimates of $12.53 billion. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. Cisco Systems’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 earnings per share. On average, equities analysts forecast that Cisco Systems, Inc. will post 3.13 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Friday, July 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Friday, July 5th. Cisco Systems’s dividend payout ratio (DPR) 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.