Nichols & Pratt Advisers LLP MA Sells 7,463 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Nichols & Pratt Advisers LLP MA reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 339,818 shares of the network equipment provider’s stock after selling 7,463 shares during the period. Cisco Systems makes up approximately 1.2% of Nichols & Pratt Advisers LLP MA’s investment portfolio, making the stock its 26th biggest position. Nichols & Pratt Advisers LLP MA’s holdings in Cisco Systems were worth $17,168,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Delos Wealth Advisors LLC lifted its stake in Cisco Systems by 1,666.7% during the fourth quarter. Delos Wealth Advisors LLC now owns 636 shares of the network equipment provider’s stock worth $32,000 after purchasing an additional 600 shares during the last quarter. Altshuler Shaham Ltd increased its holdings in shares of Cisco Systems by 1,383.8% during the fourth quarter. Altshuler Shaham Ltd now owns 5,965 shares of the network equipment provider’s stock worth $301,000 after buying an additional 5,563 shares in the last quarter. Wealthspire Advisors LLC increased its holdings in shares of Cisco Systems by 7.3% during the fourth quarter. Wealthspire Advisors LLC now owns 76,581 shares of the network equipment provider’s stock worth $3,869,000 after buying an additional 5,196 shares in the last quarter. Pioneer Trust Bank N A OR increased its holdings in shares of Cisco Systems by 3.6% during the fourth quarter. Pioneer Trust Bank N A OR now owns 108,427 shares of the network equipment provider’s stock worth $5,478,000 after buying an additional 3,790 shares in the last quarter. Finally, Clearwater Capital Advisors LLC increased its holdings in shares of Cisco Systems by 4.2% during the fourth quarter. Clearwater Capital Advisors LLC now owns 7,250 shares of the network equipment provider’s stock worth $366,000 after buying an additional 290 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Price Performance

Shares of CSCO stock traded up $0.16 during trading hours on Friday, hitting $47.95. 4,489,321 shares of the company’s stock were exchanged, compared to its average volume of 18,786,834. The company has a market capitalization of $194.16 billion, a PE ratio of 14.51, a PEG ratio of 2.72 and a beta of 0.87. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14. Cisco Systems, Inc. has a 12-month low of $45.70 and a 12-month high of $58.19. The business’s 50 day simple moving average is $48.73 and its 200-day simple moving average is $49.66.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The firm had revenue of $12.79 billion for the quarter, compared to analysts’ expectations of $12.71 billion. During the same period last year, the firm earned $0.76 earnings per share. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, equities research analysts anticipate that Cisco Systems, Inc. will post 3.13 earnings per share for the current year.

Cisco Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date was Wednesday, April 3rd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio (DPR) is 48.63%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CSCO. Citigroup initiated coverage on shares of Cisco Systems in a report on Friday, April 12th. They set a “neutral” rating and a $52.00 price target for the company. StockNews.com upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research report on Thursday, May 2nd. Bank of America upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $55.00 to $60.00 in a research report on Monday, April 15th. Morgan Stanley initiated coverage on Cisco Systems in a report on Tuesday, April 9th. They set an “overweight” rating and a $58.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a research note on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $55.53.

Insider Transactions at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Richard Scott Herren sold 13,942 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.00, for a total transaction of $697,100.00. Following the completion of the sale, the chief financial officer now owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total value of $150,130.02. Following the completion of the sale, 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. Over the last ninety days, insiders sold 19,441 shares of company stock worth $972,080. Company insiders own 0.02% of the company’s stock.

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.