Telemus Capital LLC Cuts Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Telemus Capital LLC lowered its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 10.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,044 shares of the network equipment provider’s stock after selling 5,519 shares during the quarter. Telemus Capital LLC’s holdings in Cisco Systems were worth $2,276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CSCO. Wealthspire Advisors LLC boosted its stake in Cisco Systems by 48.1% in the third quarter. Wealthspire Advisors LLC now owns 71,385 shares of the network equipment provider’s stock valued at $3,838,000 after acquiring an additional 23,194 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in Cisco Systems by 0.5% in the third quarter. HBK Sorce Advisory LLC now owns 64,136 shares of the network equipment provider’s stock valued at $3,448,000 after acquiring an additional 301 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in Cisco Systems in the fourth quarter valued at $28,685,000. Adage Capital Partners GP L.L.C. boosted its stake in Cisco Systems by 1.1% in the third quarter. Adage Capital Partners GP L.L.C. now owns 4,470,521 shares of the network equipment provider’s stock valued at $240,335,000 after acquiring an additional 49,700 shares in the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC raised its holdings in shares of Cisco Systems by 0.6% in the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 192,674 shares of the network equipment provider’s stock valued at $9,734,000 after buying an additional 1,097 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Price Performance

CSCO stock opened at $48.14 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $49.03 and a 200-day moving average of $50.17. Cisco Systems, Inc. has a 12-month low of $45.56 and a 12-month high of $58.19. The company has a market cap of $194.93 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 2.77 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data 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. The business had revenue of $12.79 billion during the quarter, compared to analysts’ expectations of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The company’s revenue was down 5.9% on a year-over-year basis. During the same period last year, the company posted $0.76 EPS. As a group, equities analysts expect that Cisco Systems, Inc. will post 3.14 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th will be paid a $0.40 dividend. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 3.32%. The ex-dividend date is Wednesday, April 3rd. Cisco Systems’s payout ratio is presently 48.63%.

Insider Activity

In related news, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the transaction, the senior vice president now owns 58,121 shares in the company, valued at approximately $2,906,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Deborah L. Stahlkopf sold 3,002 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the sale, the executive vice president now owns 191,559 shares in the company, valued at approximately $9,579,865.59. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Maria Victoria Wong sold 2,497 shares of the company’s 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 sale, the senior vice president now owns 58,121 shares in the company, valued at approximately $2,906,050. The disclosure for this sale can be found here. Insiders sold 19,441 shares of company stock valued at $972,080 in the last ninety days. Company insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

CSCO has been the subject of a number of research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a report on Tuesday, April 9th. JPMorgan Chase & Co. initiated coverage on shares of Cisco Systems in a report on Monday. They issued a “neutral” rating and a $53.00 target price for the company. Wells Fargo & Company initiated coverage on shares of Cisco Systems in a report on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 target price for the company. StockNews.com cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Cisco Systems currently has an average rating of “Hold” and a consensus target price of $55.53.

Cisco Systems 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.