Mirador Capital Partners LP Has $1.09 Million Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Mirador Capital Partners LP boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,460 shares of the network equipment provider’s stock after buying an additional 342 shares during the quarter. Mirador Capital Partners LP’s holdings in Cisco Systems were worth $1,093,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC acquired a new position in shares of Cisco Systems in the second quarter valued at approximately $62,000. Lumbard & Kellner LLC lifted its stake in Cisco Systems by 1.0% during the second quarter. Lumbard & Kellner LLC now owns 105,076 shares of the network equipment provider’s stock worth $4,992,000 after purchasing an additional 1,011 shares during the last quarter. E Fund Management Co. Ltd. lifted its stake in Cisco Systems by 19.7% during the second quarter. E Fund Management Co. Ltd. now owns 100,518 shares of the network equipment provider’s stock worth $4,776,000 after purchasing an additional 16,554 shares during the last quarter. Meridian Wealth Partners LLC lifted its stake in Cisco Systems by 6.4% during the second quarter. Meridian Wealth Partners LLC now owns 4,709 shares of the network equipment provider’s stock worth $224,000 after purchasing an additional 282 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its stake in Cisco Systems by 4.7% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 149,542 shares of the network equipment provider’s stock worth $7,105,000 after purchasing an additional 6,761 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Buying and Selling

In other news, CEO Charles Robbins sold 171,744 shares of Cisco Systems stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $9,873,562.56. Following the completion of the transaction, the chief executive officer now owns 783,786 shares in the company, valued at $45,059,857.14. This trade represents a 17.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thimaya K. Subaiya sold 3,042 shares of Cisco Systems stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $59.19, for a total transaction of $180,055.98. Following the completion of the transaction, the executive vice president now owns 207,798 shares of the company’s stock, valued at $12,299,563.62. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 353,522 shares of company stock worth $20,349,721. Insiders own 0.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CSCO. StockNews.com upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Barclays increased their price target on Cisco Systems from $49.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. upgraded Cisco Systems from a “neutral” rating to an “overweight” rating and increased their price target for the company from $55.00 to $66.00 in a research note on Monday, November 11th. Citigroup increased their price objective on Cisco Systems from $62.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Melius Research upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and a consensus target price of $61.28.

Cisco Systems Stock Down 0.2 %

CSCO opened at $59.88 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80. The company’s 50-day moving average is $58.79 and its 200 day moving average is $53.34. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $60.34. The firm has a market capitalization of $238.49 billion, a P/E ratio of 25.70, a PEG ratio of 4.37 and a beta of 0.84.

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, beating analysts’ consensus estimates of $0.87 by $0.04. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The company had revenue of $13.84 billion for the quarter, compared to analyst estimates of $13.78 billion. During the same period last year, the firm earned $0.98 earnings per share. The firm’s revenue was down 5.6% on a year-over-year basis. Research analysts expect that Cisco Systems, Inc. will post 2.97 earnings per share 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. Investors of record on Friday, January 3rd will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.67%. Cisco Systems’s dividend payout ratio (DPR) is presently 68.67%.

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.