Cantor Fitzgerald Investment Advisors L.P. Sells 183,913 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Cantor Fitzgerald Investment Advisors cut its stake in Cisco by 47.8%, selling 183,913 shares in Q4 and leaving it with 201,208 shares worth $15.50 million (about 1.1% of its portfolio).
• Cisco topped estimates with Q results—EPS $1.04 vs. $1.02 and revenue $15.35 billion, up 9.7% year‑over‑year—and raised its quarterly dividend to $0.42 (annualized $1.68, ~2.0% yield).
• Wall Street consensus is a Moderate Buy with an average price target of $89.76, institutional ownership stands at 73.33%, and insiders have recently sold a small amount of shares.

Cantor Fitzgerald Investment Advisors L.P. decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 47.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 201,208 shares of the network equipment provider's stock after selling 183,913 shares during the quarter. Cisco Systems comprises approximately 1.1% of Cantor Fitzgerald Investment Advisors L.P.'s portfolio, making the stock its 25th biggest holding. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Cisco Systems were worth $15,499,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. increased its holdings in shares of Cisco Systems by 10.5% in the third quarter. Invesco Ltd. now owns 53,612,720 shares of the network equipment provider's stock worth $3,668,182,000 after purchasing an additional 5,081,469 shares during the period. Northern Trust Corp increased its holdings in shares of Cisco Systems by 3.5% in the third quarter. Northern Trust Corp now owns 48,498,612 shares of the network equipment provider's stock worth $3,318,275,000 after purchasing an additional 1,631,703 shares during the period. Franklin Resources Inc. increased its holdings in shares of Cisco Systems by 4.4% in the third quarter. Franklin Resources Inc. now owns 42,641,483 shares of the network equipment provider's stock worth $2,917,530,000 after purchasing an additional 1,804,625 shares during the period. Legal & General Group Plc increased its holdings in shares of Cisco Systems by 7.2% in the third quarter. Legal & General Group Plc now owns 37,674,954 shares of the network equipment provider's stock worth $2,577,720,000 after purchasing an additional 2,535,716 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of Cisco Systems by 19.5% in the third quarter. Wellington Management Group LLP now owns 33,748,414 shares of the network equipment provider's stock worth $2,309,066,000 after purchasing an additional 5,498,375 shares during the period. Institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Down 1.1%

CSCO opened at $82.22 on Friday. The stock has a market cap of $324.76 billion, a PE ratio of 28.85, a P/E/G ratio of 3.14 and a beta of 0.83. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 0.45. Cisco Systems, Inc. has a 52 week low of $53.83 and a 52 week high of $88.18. The business's fifty day simple moving average is $79.74 and its 200 day simple moving average is $76.11.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.02. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. The business had revenue of $15.35 billion during the quarter, compared to analyst estimates of $15.11 billion. During the same period in the prior year, the business posted $0.94 earnings per share. The company's revenue was up 9.7% on a year-over-year basis. As a group, research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, April 2nd. This is a positive change from Cisco Systems's previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 2.0%. Cisco Systems's dividend payout ratio (DPR) is currently 58.95%.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 19,545 shares of the company's stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $76.00, for a total transaction of $1,485,420.00. Following the completion of the sale, the chief executive officer directly owned 671,095 shares in the company, valued at $51,003,220. This represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Thimaya K. Subaiya sold 1,744 shares of the company's stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $77.07, for a total transaction of $134,410.08. Following the sale, the executive vice president owned 156,693 shares of the company's stock, valued at approximately $12,076,329.51. The trade was a 1.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 46,431 shares of company stock valued at $3,574,820. 0.01% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CSCO shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Cisco Systems in a report on Tuesday, January 27th. Truist Financial started coverage on shares of Cisco Systems in a report on Tuesday, March 31st. They issued a "buy" rating and a $94.00 price target on the stock. JPMorgan Chase & Co. increased their target price on Cisco Systems from $90.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, February 9th. BNP Paribas Exane increased their target price on Cisco Systems from $86.00 to $87.00 and gave the company an "outperform" rating in a research note on Thursday, February 12th. Finally, HSBC increased their target price on Cisco Systems from $74.00 to $77.00 and gave the company a "hold" rating in a research note on Friday, February 13th. Four research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Cisco Systems currently has a consensus rating of "Moderate Buy" and an average price target of $89.76.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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