Howe & Rusling Inc. Has $855,000 Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Howe & Rusling Inc. lessened its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,061 shares of the network equipment provider’s stock after selling 492 shares during the quarter. Howe & Rusling Inc.’s holdings in Cisco Systems were worth $855,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Jennison Associates LLC lifted its position in Cisco Systems by 4.4% during the 3rd quarter. Jennison Associates LLC now owns 3,547,956 shares of the network equipment provider’s stock valued at $188,822,000 after purchasing an additional 150,539 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of Cisco Systems during the third quarter worth approximately $1,529,000. West Family Investments Inc. lifted its holdings in Cisco Systems by 1.8% in the third quarter. West Family Investments Inc. now owns 24,372 shares of the network equipment provider’s stock valued at $1,297,000 after buying an additional 428 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Cisco Systems in the third quarter valued at approximately $38,033,000. Finally, Banque Cantonale Vaudoise grew its holdings in Cisco Systems by 13.5% during the 3rd quarter. Banque Cantonale Vaudoise now owns 375,894 shares of the network equipment provider’s stock worth $20,004,000 after acquiring an additional 44,766 shares during the period. Institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 58,188 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $57.49, for a total transaction of $3,345,228.12. Following the sale, the executive vice president now directly owns 219,100 shares of the company’s stock, valued at approximately $12,596,059. This represents a 20.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Maria Victoria Wong sold 3,379 shares of Cisco Systems stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $50.36, for a total transaction of $170,166.44. Following the completion of the transaction, the senior vice president now directly owns 47,182 shares of the company’s stock, valued at approximately $2,376,085.52. This trade represents a 6.68 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 321,628 shares of company stock worth $18,449,561. Corporate insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CSCO shares. Bank of America increased their price target on Cisco Systems from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. HSBC upgraded Cisco Systems from a “hold” rating to a “buy” rating and raised their target price for the stock from $46.00 to $58.00 in a report on Friday, August 16th. Rosenblatt Securities upped their price target on Cisco Systems from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. New Street Research raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Thursday, August 15th. Finally, Citigroup upped their target price on shares of Cisco Systems from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.94.

Cisco Systems Stock Up 0.9 %

Shares of Cisco Systems stock opened at $57.50 on Thursday. The firm has a market cap of $229.47 billion, a PE ratio of 24.68, a P/E/G ratio of 4.67 and a beta of 0.83. The business’s 50 day simple moving average is $54.68 and its 200 day simple moving average is $50.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $59.38.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $13.84 billion for the quarter, compared to analyst estimates of $13.78 billion. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 earnings per share. On average, analysts predict that Cisco Systems, Inc. will post 2.89 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, January 3rd. Cisco Systems’s dividend payout ratio is currently 68.67%.

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.