Cisco Systems, Inc. (NASDAQ:CSCO) Stock Position Decreased by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC decreased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) by 43.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 4,734 shares of the network equipment provider’s stock after selling 3,637 shares during the period. Capital Advisors Ltd. LLC’s holdings in Cisco Systems were worth $264,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CSCO. Sandy Cove Advisors LLC acquired a new position in shares of Cisco Systems in the 4th quarter worth approximately $33,000. Evolution Advisers Inc. bought a new stake in Cisco Systems during the 4th quarter worth about $33,000. Conrad Siegel Investment Advisors Inc. acquired a new position in shares of Cisco Systems in the 1st quarter valued at $33,000. Regency Capital Management Inc. DE acquired a new position in Cisco Systems during the fourth quarter valued at approximately $34,000. Finally, Steward Financial Group LLC acquired a new position in Cisco Systems in the fourth quarter valued at about $36,000. 73.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CSCO shares. Rosenblatt Securities assumed coverage on Cisco Systems in a research report on Tuesday, July 12th. They set a “neutral” rating and a $48.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Cisco Systems from $59.00 to $51.00 and set a “hold” rating on the stock in a research note on Thursday, May 19th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $51.00 price objective (down from $62.00) on shares of Cisco Systems in a research report on Thursday, July 14th. Piper Sandler cut their price target on Cisco Systems from $57.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, May 19th. Finally, Barclays cut their target price on Cisco Systems from $68.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, May 19th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $54.23.

Insider Transactions at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 12,717 shares of Cisco Systems stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $43.79, for a total transaction of $556,877.43. Following the completion of the sale, the chief executive officer now owns 651,577 shares of the company’s stock, valued at $28,532,556.83. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Cisco Systems news, CEO Charles Robbins sold 12,717 shares of the company’s stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $43.79, for a total value of $556,877.43. Following the completion of the sale, the chief executive officer now owns 651,577 shares of the company’s stock, valued at $28,532,556.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Prat Bhatt sold 3,700 shares of Cisco Systems stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $43.34, for a total transaction of $160,358.00. Following the transaction, the senior vice president now directly owns 80,784 shares in the company, valued at $3,501,178.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,326 shares of company stock valued at $1,103,159. Insiders own 0.02% of the company’s stock.

Cisco Systems Stock Down 0.8 %

CSCO opened at $45.01 on Friday. The firm has a market capitalization of $186.38 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 2.23 and a beta of 0.97. Cisco Systems, Inc. has a one year low of $40.82 and a one year high of $64.29. The company has a fifty day moving average price of $43.96 and a 200-day moving average price of $49.96. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.49 and a quick ratio of 1.40.

Cisco Systems (NASDAQ:CSCO – Get Rating) last posted its earnings results on Wednesday, May 18th. The network equipment provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01. The business had revenue of $12.84 billion during the quarter, compared to analysts’ expectations of $13.33 billion. Cisco Systems had a return on equity of 31.22% and a net margin of 23.28%. During the same period in the previous year, the business earned $0.75 earnings per share. Equities research analysts expect that Cisco Systems, Inc. will post 3 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 6th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend was Tuesday, July 5th. Cisco Systems’s payout ratio is 53.33%.

Cisco Systems Company Profile

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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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.