Matrix Trust Co Reduces Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Matrix Trust Co decreased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 21,550 shares of the network equipment provider’s stock after selling 356 shares during the period. Matrix Trust Co’s holdings in Cisco Systems were worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Kathleen S. Wright Associates Inc. bought a new stake in Cisco Systems during the 3rd quarter valued at $27,000. Valued Wealth Advisors LLC bought a new stake in Cisco Systems during the 4th quarter valued at $32,000. Morton Brown Family Wealth LLC raised its holdings in Cisco Systems by 41.9% during the 4th quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock valued at $36,000 after acquiring an additional 208 shares during the period. Bourgeon Capital Management LLC raised its holdings in Cisco Systems by 3,500.0% during the 4th quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock valued at $36,000 after acquiring an additional 700 shares during the period. Finally, Rakuten Securities Inc. bought a new stake in Cisco Systems during the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling at Cisco Systems

In other news, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction dated 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 directly owns 328,491 shares in the company, valued at $16,424,550. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction dated 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 directly owns 328,491 shares in the company, valued at $16,424,550. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the sale, the executive vice president now owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The disclosure for this sale can be found here. Insiders sold a total of 19,441 shares of company stock worth $972,080 over the last three months. Company insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. StockNews.com cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Barclays upped their price target on shares of Cisco Systems from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Citigroup started coverage on shares of Cisco Systems in a report on Friday, April 12th. They issued a “neutral” rating and a $52.00 price target on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, April 9th. Finally, Wells Fargo & Company started coverage on shares of Cisco Systems in a report on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 price target on the stock. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $55.53.

Cisco Systems Trading Down 0.5 %

NASDAQ CSCO traded down $0.24 during trading on Friday, hitting $47.86. 14,658,910 shares of the company’s stock traded hands, compared to its average volume of 16,851,638. The stock has a fifty day moving average of $48.94 and a two-hundred day moving average of $50.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26. Cisco Systems, Inc. has a 12-month low of $45.56 and a 12-month high of $58.19. The firm has a market cap of $193.79 billion, a P/E ratio of 14.55, a PEG ratio of 2.78 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.03. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The business had revenue of $12.79 billion during the quarter, compared to analyst estimates of $12.71 billion. During the same period in the prior year, the business posted $0.76 earnings per share. The company’s revenue was down 5.9% on a year-over-year basis. As a group, sell-side analysts expect that Cisco Systems, Inc. will post 3.13 EPS for the current year.

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.34%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Wednesday, April 3rd. Cisco Systems’s dividend payout ratio is presently 48.63%.

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.