Aua Capital Management LLC Sells 1,710 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Aua Capital Management LLC decreased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 26.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,806 shares of the network equipment provider’s stock after selling 1,710 shares during the period. Aua Capital Management LLC’s holdings in Cisco Systems were worth $249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp raised its stake in shares of Cisco Systems by 2.2% during the 1st quarter. State Street Corp now owns 184,879,450 shares of the network equipment provider’s stock worth $9,664,544,000 after purchasing an additional 4,061,022 shares in the last quarter. Geode Capital Management LLC raised its position in Cisco Systems by 2.1% during the first quarter. Geode Capital Management LLC now owns 78,378,278 shares of the network equipment provider’s stock worth $4,088,864,000 after acquiring an additional 1,641,294 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Cisco Systems by 0.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 70,960,104 shares of the network equipment provider’s stock worth $3,674,524,000 after acquiring an additional 399,565 shares in the last quarter. Morgan Stanley lifted its stake in Cisco Systems by 17.4% in the fourth quarter. Morgan Stanley now owns 61,788,267 shares of the network equipment provider’s stock valued at $2,943,593,000 after acquiring an additional 9,160,347 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC grew its position in shares of Cisco Systems by 112,307.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 59,519,500 shares of the network equipment provider’s stock valued at $2,835,509,000 after acquiring an additional 59,466,550 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

Insider Buying and Selling at Cisco Systems

In other news, COO Maria Martinez sold 10,000 shares of the business’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $50.88, for a total transaction of $508,800.00. Following the completion of the transaction, the chief operating officer now owns 414,033 shares of the company’s stock, valued at approximately $21,065,999.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Maria Martinez sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $50.88, for a total value of $508,800.00. Following the sale, the chief operating officer now directly owns 414,033 shares in the company, valued at approximately $21,065,999.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Charles Robbins sold 17,687 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $55.16, for a total transaction of $975,614.92. Following the transaction, the chief executive officer now owns 716,191 shares of the company’s stock, valued at $39,505,095.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,438 shares of company stock valued at $2,948,779. 0.02% of the stock is currently owned by corporate insiders.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $56.11 on Tuesday. The company has a market cap of $227.52 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 2.50 and a beta of 0.97. Cisco Systems, Inc. has a fifty-two week low of $38.60 and a fifty-two week high of $58.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 1.38. The stock has a fifty day moving average price of $54.20 and a 200-day moving average price of $51.17.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.08. The firm had revenue of $15.20 billion for the quarter, compared to the consensus estimate of $15.05 billion. Cisco Systems had a net margin of 22.13% and a return on equity of 33.42%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 earnings per share. As a group, equities analysts anticipate that Cisco Systems, Inc. will post 3.58 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Tuesday, October 3rd. Cisco Systems’s payout ratio is presently 50.81%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CSCO shares. 51job reiterated an “initiates” rating on shares of Cisco Systems in a research note on Friday, June 30th. Morgan Stanley raised their price objective on Cisco Systems from $55.00 to $56.00 and gave the company an “equal weight” rating in a research report on Thursday, August 17th. JPMorgan Chase & Co. raised Cisco Systems from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $55.00 to $62.00 in a report on Wednesday, July 19th. Evercore ISI raised their price target on Cisco Systems from $60.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, August 17th. Finally, Piper Sandler upped their price objective on shares of Cisco Systems from $51.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, August 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $59.43.

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 that are standalone, controller appliance-based, switch-converged, and Meraki cloud-managed offerings; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.