Baldwin Investment Management LLC Has $387,000 Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Baldwin Investment Management LLC lessened its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 36.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,272 shares of the network equipment provider’s stock after selling 4,211 shares during the period. Baldwin Investment Management LLC’s holdings in Cisco Systems were worth $387,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CSCO. Cadence Bank grew its holdings in Cisco Systems by 0.4% during the third quarter. Cadence Bank now owns 197,604 shares of the network equipment provider’s stock worth $10,516,000 after buying an additional 828 shares in the last quarter. Shum Financial Group Inc. purchased a new position in Cisco Systems during the 3rd quarter worth $1,025,000. Principal Street Partners LLC grew its stake in shares of Cisco Systems by 51.3% in the 3rd quarter. Principal Street Partners LLC now owns 13,704 shares of the network equipment provider’s stock worth $677,000 after acquiring an additional 4,648 shares in the last quarter. Avestar Capital LLC raised its holdings in shares of Cisco Systems by 8.3% in the third quarter. Avestar Capital LLC now owns 19,984 shares of the network equipment provider’s stock valued at $1,064,000 after purchasing an additional 1,531 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of Cisco Systems by 48.0% during the third quarter. Brooklyn Investment Group now owns 17,985 shares of the network equipment provider’s stock valued at $957,000 after purchasing an additional 5,831 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Down 0.5 %

CSCO stock opened at $59.29 on Thursday. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $59.87. The firm has a market capitalization of $236.14 billion, a PE ratio of 25.45, a PEG ratio of 4.38 and a beta of 0.83. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. The stock has a 50-day simple moving average of $55.53 and a two-hundred day simple moving average of $50.39.

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

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.70%. Cisco Systems’s dividend payout ratio (DPR) is currently 68.67%.

Wall Street Analyst Weigh In

CSCO has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Cisco Systems from $52.00 to $53.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Wells Fargo & Company boosted their price objective on Cisco Systems from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. New Street Research raised Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 target price for the company in a research report on Thursday, August 15th. StockNews.com raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, HSBC upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and raised their price objective for the stock from $46.00 to $58.00 in a report on Friday, August 16th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.94.

Insider Transactions at Cisco Systems

In related news, SVP Maria Victoria Wong sold 638 shares of Cisco Systems stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $49.09, for a total value of $31,319.42. Following the transaction, the senior vice president now directly owns 46,017 shares of the company’s stock, valued at $2,258,974.53. The trade was a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Thimaya K. Subaiya sold 1,328 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $48.92, for a total transaction of $64,965.76. Following the sale, the executive vice president now owns 132,910 shares of the company’s stock, valued at $6,501,957.20. This represents a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 339,479 shares of company stock worth $19,490,991. 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.