Exencial Wealth Advisors LLC Has $15.87 Million Stock Position in Cisco Systems, Inc. $CSCO

Key Points

• Exencial Wealth Advisors LLC boosted its stake in Cisco Systems by 37.5%, purchasing 56,147 shares to hold 206,033 shares valued at $15.87 million per its SEC filing.
• Cisco slightly beat quarterly expectations with EPS of $1.04 versus $1.02 and revenue of $15.35 billion (up 9.7% year-over-year), reporting a 19.2% net margin and 27.9% return on equity.
• Cisco raised its quarterly dividend to $0.42 (a 1.9% yield) and carries a MarketBeat consensus rating of "Moderate Buy" with a $89.81 price target; institutional investors own about 73% of the stock while insiders have sold roughly $3.57 million of shares in the past 90 days.

Exencial Wealth Advisors LLC boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 37.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 206,033 shares of the network equipment provider's stock after buying an additional 56,147 shares during the period. Exencial Wealth Advisors LLC's holdings in Cisco Systems were worth $15,871,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Marquette Asset Management LLC acquired a new position in Cisco Systems during the third quarter valued at $25,000. Board of the Pension Protection Fund acquired a new position in Cisco Systems during the fourth quarter valued at $31,000. Cedar Mountain Advisors LLC raised its position in Cisco Systems by 115.7% during the third quarter. Cedar Mountain Advisors LLC now owns 468 shares of the network equipment provider's stock valued at $32,000 after buying an additional 251 shares during the period. Holos Integrated Wealth LLC acquired a new position in Cisco Systems during the fourth quarter valued at $41,000. Finally, eCIO Inc. acquired a new position in Cisco Systems during the fourth quarter valued at $46,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Stock Performance

Shares of CSCO opened at $88.26 on Tuesday. The firm has a market cap of $348.62 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 3.35 and a beta of 0.83. The company's fifty day moving average is $80.78 and its 200-day moving average is $77.62. 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 12 month low of $56.42 and a 12 month high of $90.45.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.02. The firm had revenue of $15.35 billion during the quarter, compared to analysts' expectations of $15.11 billion. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. Cisco Systems's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share. Equities analysts expect that Cisco Systems, Inc. will post 3.4 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Thursday, April 2nd were paid a dividend of $0.42 per share. This is a boost from Cisco Systems's previous quarterly dividend of $0.41. The ex-dividend date was Thursday, April 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.9%. Cisco Systems's dividend payout ratio is currently 58.95%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CSCO shares. DZ Bank raised Cisco Systems to a "strong-buy" rating in a research report on Friday, February 13th. Wall Street Zen lowered Cisco Systems from a "buy" rating to a "hold" rating in a research report on Saturday, March 14th. Zacks Research lowered Cisco Systems from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. Erste Group Bank downgraded Cisco Systems from a "buy" rating to a "hold" rating in a research note on Wednesday, February 18th. Finally, Truist Financial began coverage on Cisco Systems in a research report on Tuesday, March 31st. They issued a "buy" rating and a $94.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, Cisco Systems currently has an average rating of "Moderate Buy" and a consensus price target of $89.81.

Insider Buying and Selling at Cisco Systems

In other news, insider Jeetendra I. Patel sold 11,248 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $76.00, for a total transaction of $854,848.00. Following the transaction, the insider owned 262,776 shares of the company's stock, valued at approximately $19,970,976. This represents a 4.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Maria Victoria Wong sold 2,179 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $77.74, for a total value of $169,395.46. Following the transaction, the senior vice president directly owned 28,807 shares in the company, valued at approximately $2,239,456.18. This represents a 7.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 46,431 shares of company stock worth $3,574,820 in the last 90 days. Company insiders own 0.01% of the company's stock.

About Cisco Systems

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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