Sage Private Wealth Group LLC Sells 501 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Sage Private Wealth Group LLC lowered its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 5.8% during the 4th quarter, Holdings Channel reports. The firm owned 8,189 shares of the network equipment provider’s stock after selling 501 shares during the period. Sage Private Wealth Group LLC’s holdings in Cisco Systems were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Signet Investment Advisory Group Inc. grew its position in shares of Cisco Systems by 0.8% during the 4th quarter. Signet Investment Advisory Group Inc. now owns 77,620 shares of the network equipment provider’s stock valued at $4,595,000 after acquiring an additional 638 shares during the period. Leavell Investment Management Inc. lifted its stake in Cisco Systems by 4.0% in the fourth quarter. Leavell Investment Management Inc. now owns 86,896 shares of the network equipment provider’s stock valued at $5,144,000 after purchasing an additional 3,337 shares during the last quarter. Quent Capital LLC grew its holdings in Cisco Systems by 6.5% during the fourth quarter. Quent Capital LLC now owns 24,306 shares of the network equipment provider’s stock valued at $1,439,000 after purchasing an additional 1,482 shares during the period. Cardinal Strategic Wealth Guidance raised its stake in shares of Cisco Systems by 20.3% in the fourth quarter. Cardinal Strategic Wealth Guidance now owns 6,614 shares of the network equipment provider’s stock valued at $392,000 after buying an additional 1,115 shares during the period. Finally, New Republic Capital LLC lifted its position in shares of Cisco Systems by 8.1% during the 4th quarter. New Republic Capital LLC now owns 11,282 shares of the network equipment provider’s stock valued at $668,000 after buying an additional 842 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $62.43 on Wednesday. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $63.25. The company has a fifty day moving average of $59.78 and a 200-day moving average of $55.21. The company has a market capitalization of $248.64 billion, a P/E ratio of 26.79, a P/E/G ratio of 4.63 and a beta of 0.84. 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 issued its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. The firm had revenue of $13.84 billion during the quarter, compared to analyst estimates of $13.78 billion. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The company’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 earnings per share. As a group, equities research analysts predict that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Maria Victoria Wong sold 586 shares of Cisco Systems stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $58.69, for a total value of $34,392.34. Following the transaction, the senior vice president now owns 50,767 shares in the company, valued at $2,979,515.23. This trade represents a 1.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 58,188 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $57.49, for a total transaction of $3,345,228.12. Following the sale, the executive vice president now owns 219,100 shares of the company’s stock, valued at approximately $12,596,059. The trade was a 20.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 353,522 shares of company stock worth $20,349,721 in the last quarter. 0.01% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Barclays boosted their price objective 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. StockNews.com upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Bank of America lifted their price objective on shares of Cisco Systems from $60.00 to $72.00 and gave the company a “buy” 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 target price for the stock from $55.00 to $66.00 in a research report on Monday, November 11th. Finally, Citigroup boosted their price objective on Cisco Systems from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, January 17th. 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.72.

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.