Jamison Private Wealth Management Inc. Sells 169 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Jamison Private Wealth Management Inc. decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,098 shares of the network equipment provider’s stock after selling 169 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Cisco Systems were worth $3,735,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Lighthouse Investment Partners LLC acquired a new stake in shares of Cisco Systems in the 2nd quarter valued at approximately $5,729,000. Oliver Lagore Vanvalin Investment Group lifted its stake in Cisco Systems by 10.7% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 4,456 shares of the network equipment provider’s stock valued at $212,000 after purchasing an additional 430 shares during the last quarter. SkyView Investment Advisors LLC boosted its position in Cisco Systems by 13.8% in the second quarter. SkyView Investment Advisors LLC now owns 9,748 shares of the network equipment provider’s stock valued at $463,000 after buying an additional 1,179 shares in the last quarter. Bontempo Ohly Capital Mgmt LLC grew its stake in shares of Cisco Systems by 2.0% during the second quarter. Bontempo Ohly Capital Mgmt LLC now owns 78,353 shares of the network equipment provider’s stock worth $3,723,000 after buying an additional 1,566 shares during the last quarter. Finally, Aviso Wealth Management increased its holdings in shares of Cisco Systems by 18.5% during the second quarter. Aviso Wealth Management now owns 7,434 shares of the network equipment provider’s stock worth $353,000 after buying an additional 1,162 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

Cisco Systems Price Performance

Shares of CSCO opened at $62.23 on Friday. The firm has a market cap of $247.85 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 4.59 and a beta of 0.84. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $62.31. The business’s 50 day moving average price is $59.22 and its two-hundred day moving average price is $54.03. 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 (NASDAQ:CSCO) last released its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $13.84 billion for the quarter, compared to the consensus estimate of $13.78 billion. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. Cisco Systems’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 EPS. On average, equities analysts anticipate that Cisco Systems, Inc. will post 2.97 EPS for the current year.

Cisco Systems Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Melius Research raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. StockNews.com upgraded Cisco Systems from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Citigroup raised their price objective on shares of Cisco Systems from $64.00 to $68.00 and gave the company a “buy” rating in a report on Friday, January 17th. Melius raised shares of Cisco Systems from a “hold” rating to a “buy” rating and boosted their target price for the stock from $66.00 to $73.00 in a report on Monday, January 6th. Finally, Tigress Financial raised their price target on shares of Cisco Systems from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Cisco Systems has a consensus rating of “Moderate Buy” and an average price target of $61.50.

Insiders Place Their Bets

In related news, CFO Richard Scott Herren sold 86,351 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $4,964,318.99. Following the transaction, the chief financial officer now owns 365,314 shares of the company’s stock, valued at approximately $21,001,901.86. This trade represents a 19.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deborah L. Stahlkopf sold 58,188 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $57.49, for a total value 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 $12,596,059. This represents a 20.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 353,522 shares of company stock worth $20,349,721. Corporate insiders own 0.01% of the company’s stock.

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.