Level Four Advisory Services LLC Sells 34,281 Shares of Cisco Systems, Inc. (CSCO)

Level Four Advisory Services LLC trimmed its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 29.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 82,751 shares of the network equipment provider’s stock after selling 34,281 shares during the quarter. Level Four Advisory Services LLC’s holdings in Cisco Systems were worth $2,731,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bogart Wealth LLC lifted its holdings in shares of Cisco Systems by 44.2% in the 2nd quarter. Bogart Wealth LLC now owns 44,452 shares of the network equipment provider’s stock worth $1,391,000 after acquiring an additional 13,621 shares during the last quarter. MPS Loria Financial Planners LLC bought a new stake in shares of Cisco Systems in the 2nd quarter worth approximately $646,000. Frontier Investment Mgmt Co. lifted its holdings in shares of Cisco Systems by 1.2% in the 2nd quarter. Frontier Investment Mgmt Co. now owns 377,432 shares of the network equipment provider’s stock worth $11,814,000 after acquiring an additional 4,341 shares during the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of Cisco Systems by 3.7% in the 2nd quarter. Perigon Wealth Management LLC now owns 179,705 shares of the network equipment provider’s stock worth $5,625,000 after acquiring an additional 6,394 shares during the last quarter. Finally, W. E. Donoghue & Co. LLC bought a new stake in shares of Cisco Systems in the 2nd quarter worth approximately $16,034,000. Hedge funds and other institutional investors own 75.78% of the company’s stock.

In other news, CAO Prat Bhatt sold 2,606 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $95,092.94. Following the sale, the chief accounting officer now owns 89,184 shares in the company, valued at approximately $3,254,324.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Roderick C. Mcgeary sold 15,230 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.00, for a total transaction of $578,740.00. Following the sale, the director now owns 113,154 shares in the company, valued at approximately $4,299,852. The disclosure for this sale can be found here. Over the last three months, insiders have sold 338,622 shares of company stock worth $12,117,914. Insiders own 0.05% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus restated a “hold” rating and issued a $40.00 price objective on shares of Cisco Systems in a report on Thursday. Vetr downgraded shares of Cisco Systems from a “hold” rating to a “sell” rating and set a $35.93 target price on the stock. in a research note on Wednesday, November 29th. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $40.00 target price on shares of Cisco Systems in a research note on Monday, November 27th. Robert W. Baird reaffirmed a “buy” rating and issued a $41.00 target price on shares of Cisco Systems in a research note on Tuesday, December 5th. Finally, UBS reaffirmed a “buy” rating and issued a $39.00 target price on shares of Cisco Systems in a research note on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $37.10.

Cisco Systems, Inc. (NASDAQ CSCO) opened at $38.19 on Friday. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39. The stock has a market cap of $187,363.28, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 3.43 and a beta of 1.19. Cisco Systems, Inc. has a 1 year low of $29.80 and a 1 year high of $38.37.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. The business had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.11 billion. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS. equities research analysts predict that Cisco Systems, Inc. will post 2.21 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Thursday, January 4th. Cisco Systems’s payout ratio is currently 60.10%.

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About Cisco Systems

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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