Cisco Systems, Inc. (NASDAQ:CSCO) Shares Purchased by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV increased its position in Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,138 shares of the network equipment provider’s stock after acquiring an additional 465 shares during the period. Cisco Systems makes up 0.9% of Investors Asset Management of Georgia Inc. GA ADV’s portfolio, making the stock its 27th biggest position. 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.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. acquired a new position in shares of Cisco Systems during the 3rd quarter worth $27,000. Fortis Capital Advisors LLC bought a new stake in Cisco Systems during the 4th quarter worth approximately $34,000. Hibernia Wealth Partners LLC acquired a new position in shares of Cisco Systems during the third quarter worth approximately $42,000. Spotlight Asset Group Inc. bought a new position in Cisco Systems in the second quarter valued at about $41,000. Finally, VitalStone Financial LLC acquired a new stake in Cisco Systems during the 2nd quarter worth $45,000. 72.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CSCO shares. Melius downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Melius Research reaffirmed a “hold” rating and issued a $55.00 target price on shares of Cisco Systems in a research report on Monday, January 8th. UBS Group lifted their price target on Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday. Rosenblatt Securities decreased their price objective on Cisco Systems from $59.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, November 16th. Finally, Piper Sandler dropped their target price on Cisco Systems from $57.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $58.26.

Check Out Our Latest Analysis on CSCO

Insiders Place Their Bets

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

Cisco Systems Trading Down 0.3 %

Shares of CSCO stock traded down $0.14 during trading hours on Monday, hitting $49.99. 18,005,108 shares of the company’s stock traded hands, compared to its average volume of 18,375,857. 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. The stock’s 50 day simple moving average is $50.19 and its 200 day simple moving average is $52.20. The company has a quick ratio of 1.34, a current ratio of 1.47 and a debt-to-equity ratio of 0.15. Cisco Systems, Inc. has a 12 month low of $45.56 and a 12 month high of $58.19.

Cisco Systems (NASDAQ:CSCOGet Free Report) last announced its earnings results on Wednesday, November 15th. The network equipment provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.91 by $0.20. Cisco Systems had a return on equity of 34.41% and a net margin of 23.40%. The firm had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. During the same period in the previous year, the business earned $0.77 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.38 EPS for the current year.

Cisco Systems Dividend Announcement

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

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.

See Also

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

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