Capital Advisors Inc. OK Has $46.78 Million Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Capital Advisors Inc. OK raised its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 3.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 757,973 shares of the network equipment provider's stock after buying an additional 21,962 shares during the quarter. Capital Advisors Inc. OK's holdings in Cisco Systems were worth $46,775,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Navigoe LLC acquired a new stake in Cisco Systems during the 4th quarter valued at $26,000. Mpwm Advisory Solutions LLC acquired a new position in Cisco Systems during the fourth quarter valued at $26,000. JDM Financial Group LLC lifted its stake in Cisco Systems by 160.4% in the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after acquiring an additional 300 shares in the last quarter. Runnymede Capital Advisors Inc. purchased a new position in Cisco Systems during the 4th quarter valued at about $30,000. Finally, Campbell Capital Management Inc. acquired a new position in shares of Cisco Systems in the 4th quarter valued at about $31,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Piper Sandler boosted their price objective on shares of Cisco Systems from $60.00 to $64.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Morgan Stanley restated a "hold" rating on shares of Cisco Systems in a report on Wednesday, May 21st. JPMorgan Chase & Co. increased their price objective on Cisco Systems from $70.00 to $73.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Rosenblatt Securities boosted their target price on Cisco Systems from $63.00 to $74.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Barclays reaffirmed an "equal weight" rating on shares of Cisco Systems in a research report on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $69.53.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO traded down $0.44 during trading hours on Monday, hitting $68.93. 22,606,868 shares of the company's stock were exchanged, compared to its average volume of 20,365,207. The company's 50-day moving average price is $63.93 and its 200-day moving average price is $61.51. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $69.78. The stock has a market capitalization of $272.96 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 4.15 and a beta of 0.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.95 and a quick ratio of 0.87.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.04. Cisco Systems had a return on equity of 26.48% and a net margin of 17.60%. The company had revenue of $14.15 billion during the quarter, compared to analyst estimates of $14.05 billion. During the same period in the previous year, the company earned $0.88 earnings per share. The company's quarterly revenue was up 11.4% compared to the same quarter last year. On average, sell-side analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Thursday, July 3rd will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Thursday, July 3rd. Cisco Systems's payout ratio is presently 66.94%.

Insider Activity at Cisco Systems

In other Cisco Systems news, CFO Richard Scott Herren sold 15,678 shares of Cisco Systems stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $65.52, for a total transaction of $1,027,222.56. Following the sale, the chief financial officer owned 309,543 shares in the company, valued at $20,281,257.36. The trade was a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Deborah L. Stahlkopf sold 2,407 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $64.01, for a total transaction of $154,072.07. Following the completion of the transaction, the executive vice president owned 177,027 shares of the company's stock, valued at approximately $11,331,498.27. This represents a 1.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,335 shares of company stock worth $6,271,054 in the last three months. Company insiders own 0.01% of the company's stock.

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 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.