Aua Capital Management LLC Reduces Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Aua Capital Management LLC reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 26.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,806 shares of the network equipment provider’s stock after selling 1,710 shares during the quarter. Aua Capital Management LLC’s holdings in Cisco Systems were worth $249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. United Bank purchased a new stake in Cisco Systems during the first quarter valued at about $645,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Cisco Systems by 32.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,243,073 shares of the network equipment provider’s stock valued at $236,593,000 after buying an additional 1,040,607 shares in the last quarter. Roundview Capital LLC boosted its holdings in Cisco Systems by 13.1% in the 1st quarter. Roundview Capital LLC now owns 10,540 shares of the network equipment provider’s stock worth $588,000 after buying an additional 1,221 shares during the period. Merit Financial Group LLC grew its stake in Cisco Systems by 21.5% in the 1st quarter. Merit Financial Group LLC now owns 11,763 shares of the network equipment provider’s stock valued at $656,000 after buying an additional 2,079 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in Cisco Systems by 8.1% during the 1st quarter. Mackenzie Financial Corp now owns 2,429,518 shares of the network equipment provider’s stock valued at $135,470,000 after acquiring an additional 182,857 shares during the period. 72.21% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Charles Robbins sold 17,687 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $55.16, for a total transaction of $975,614.92. Following the completion of the transaction, the chief executive officer now directly owns 716,191 shares of the company’s stock, valued at $39,505,095.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Charles Robbins sold 17,687 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $55.16, for a total transaction of $975,614.92. Following the completion of the transaction, the chief executive officer now owns 716,191 shares in the company, valued at $39,505,095.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 3,022 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $56.22, for a total value of $169,896.84. Following the completion of the sale, the executive vice president now directly owns 169,396 shares of the company’s stock, valued at approximately $9,523,443.12. The disclosure for this sale can be found here. Insiders have sold a total of 54,438 shares of company stock valued at $2,948,779 in the last quarter. Insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CSCO. Citigroup lifted their price target on Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, August 17th. Barclays upped their price target on Cisco Systems from $51.00 to $53.00 and gave the company an “equal weight” rating in a research report on Thursday, August 17th. Bank of America raised their price objective on shares of Cisco Systems from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, September 13th. 51job reaffirmed an “initiates” rating on shares of Cisco Systems in a report on Friday, June 30th. Finally, Evercore ISI raised their price target on shares of Cisco Systems from $60.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $59.43.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $56.11 on Tuesday. The firm has a market cap of $227.52 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 2.50 and a beta of 0.97. The company has a 50-day simple moving average of $54.20 and a two-hundred day simple moving average of $51.17. The company has a quick ratio of 1.27, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Cisco Systems, Inc. has a 12-month low of $38.60 and a 12-month high of $58.19.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.08. The business had revenue of $15.20 billion for the quarter, compared to analyst estimates of $15.05 billion. Cisco Systems had a return on equity of 33.42% and a net margin of 22.13%. Cisco Systems’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $0.74 EPS. On average, equities analysts forecast that Cisco Systems, Inc. will post 3.58 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be given a dividend of $0.39 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $1.56 annualized dividend and a yield of 2.78%. Cisco Systems’s payout ratio is currently 50.81%.

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 that are standalone, controller appliance-based, switch-converged, and Meraki cloud-managed offerings; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.