Investors Asset Management of Georgia Inc. GA ADV Raises Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Investors Asset Management of Georgia Inc. GA ADV lifted its stake in Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 1.5% during the third quarter, HoldingsChannel.com reports. The firm owned 31,138 shares of the network equipment provider’s stock after purchasing an additional 465 shares during the quarter. Cisco Systems makes up about 0.9% of Investors Asset Management of Georgia Inc. GA ADV’s portfolio, making the stock its 27th largest holding. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Cisco Systems were worth $1,682,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CSCO. Kathleen S. Wright Associates Inc. purchased a new position in shares of Cisco Systems in the third quarter worth $27,000. Fortis Capital Advisors LLC purchased a new position in Cisco Systems in the 4th quarter worth about $34,000. Spotlight Asset Group Inc. bought a new position in Cisco Systems during the 2nd quarter valued at about $41,000. Hibernia Wealth Partners LLC purchased a new stake in shares of Cisco Systems during the 3rd quarter valued at about $42,000. Finally, VitalStone Financial LLC bought a new stake in shares of Cisco Systems in the second quarter worth approximately $45,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Cisco Systems Trading Down 0.3 %

NASDAQ CSCO traded down $0.14 during trading hours on Monday, hitting $49.99. 18,005,108 shares of the company were exchanged, compared to its average volume of 18,375,857. Cisco Systems, Inc. has a 52 week low of $45.56 and a 52 week high of $58.19. The company has a quick ratio of 1.34, a current ratio of 1.47 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average price of $50.19 and a 200 day moving average price of $52.20. The stock has a market cap of $203.13 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 2.39 and a beta of 0.90.

Cisco Systems (NASDAQ:CSCOGet Free Report) last released its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.20. The company had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 34.41% and a net margin of 23.40%. Cisco Systems’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 EPS. Analysts forecast that Cisco Systems, Inc. will post 3.38 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 24th. Stockholders of record on Thursday, January 4th were issued a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, January 3rd. This represents a $1.56 annualized dividend and a dividend yield of 3.12%. Cisco Systems’s payout ratio is 47.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CSCO shares. UBS Group lifted their target price on shares of Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday. Raymond James cut Cisco Systems from a “market perform” rating to an “underperform” rating in a research report on Monday, October 30th. Piper Sandler cut their target price on shares of Cisco Systems from $57.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, November 16th. New Street Research cut Cisco Systems from a “buy” rating to a “neutral” rating in a report on Thursday, November 16th. Finally, Oppenheimer cut their price objective on Cisco Systems from $58.00 to $54.00 and set an “outperform” rating for the company in a research note on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Cisco Systems has an average rating of “Hold” and a consensus target price of $58.26.

View Our Latest Analysis on Cisco Systems

Insiders Place Their Bets

In other Cisco Systems news, Director Mark Garrett sold 899 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $47.88, for a total transaction of $43,044.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Mark Garrett sold 899 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $47.88, for a total transaction of $43,044.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Richard Scott Herren sold 106,321 shares of Cisco Systems stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $50.02, for a total transaction of $5,318,176.42. Following the completion of the sale, the chief financial officer now owns 345,994 shares of the company’s stock, valued at $17,306,619.88. The disclosure for this sale can be found here. Insiders have sold 150,475 shares of company stock worth $7,464,194 in the last three months. Corporate insiders own 0.02% of the company’s stock.

About Cisco Systems

(Free Report)

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.

Further Reading

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

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