Financial Synergies Wealth Advisors Inc. Cuts Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Financial Synergies Wealth Advisors Inc. cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 9.9% during the 4th quarter, Holdings Channel reports. The fund owned 3,486 shares of the network equipment provider’s stock after selling 384 shares during the period. Financial Synergies Wealth Advisors Inc.’s holdings in Cisco Systems were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CSCO. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in Cisco Systems by 5.0% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 5,382 shares of the network equipment provider’s stock valued at $286,000 after acquiring an additional 258 shares in the last quarter. West Financial Advisors LLC boosted its holdings in shares of Cisco Systems by 116.6% in the 3rd quarter. West Financial Advisors LLC now owns 574 shares of the network equipment provider’s stock worth $31,000 after purchasing an additional 309 shares during the period. CWM LLC raised its stake in shares of Cisco Systems by 2.0% in the third quarter. CWM LLC now owns 1,058,331 shares of the network equipment provider’s stock valued at $56,324,000 after acquiring an additional 20,621 shares during the period. Hexagon Capital Partners LLC lifted its stake in Cisco Systems by 17.5% in the third quarter. Hexagon Capital Partners LLC now owns 22,051 shares of the network equipment provider’s stock worth $1,174,000 after purchasing an additional 3,284 shares during the last quarter. Finally, Wedmont Private Capital boosted its holdings in Cisco Systems by 30.1% during the 3rd quarter. Wedmont Private Capital now owns 35,576 shares of the network equipment provider’s stock valued at $1,868,000 after acquiring an additional 8,227 shares during the period. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Down 0.5 %

Shares of NASDAQ CSCO opened at $62.27 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $59.59 and a 200 day moving average of $54.82. The stock has a market cap of $248.01 billion, a PE ratio of 26.73, a P/E/G ratio of 4.51 and a beta of 0.84. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $62.91.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The company had revenue of $13.84 billion during the quarter, compared to analysts’ expectations of $13.78 billion. During the same period in the prior year, the business earned $0.98 EPS. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.57%. Cisco Systems’s payout ratio is 68.67%.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of research reports. Melius Research raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Citigroup lifted their price objective on Cisco Systems from $64.00 to $68.00 and gave the company a “buy” rating in a report on Friday, January 17th. BNP Paribas upgraded shares of Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 target price on the stock in a report on Tuesday, January 28th. UBS Group increased their price objective on shares of Cisco Systems from $55.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Finally, Bank of America upped their target price on Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.72.

Insider Activity

In related news, EVP Thimaya K. Subaiya sold 21,230 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $57.07, for a total transaction of $1,211,596.10. Following the completion of the sale, the executive vice president now directly owns 213,834 shares of the company’s stock, valued at approximately $12,203,506.38. This trade represents a 9.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Maria Victoria Wong sold 586 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $58.69, for a total transaction of $34,392.34. Following the transaction, the senior vice president now directly owns 50,767 shares of the company’s stock, valued at approximately $2,979,515.23. This trade represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 353,522 shares of company stock valued at $20,349,721 in the last 90 days. Company insiders own 0.01% of the company’s stock.

About Cisco Systems

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.