USA Financial Formulas Has $1.08 Million Holdings in Cisco Systems, Inc. $CSCO

Key Points

• USA Financial Formulas cut its stake in Cisco by 63.4% in Q4, selling 24,265 shares and leaving it with 13,989 shares valued at about $1.08 million.
• Company insiders have sold a total of 46,431 shares (≈$3.57 million) in the last three months — including EVP Deborah Stahlkopf and Jeetendra Patel — reducing insider ownership to roughly 0.01%.
• Cisco beat quarterly estimates (EPS $1.04 vs. $1.02; revenue $15.35B vs. $15.11B), raised its quarterly dividend to $0.42, and holds a consensus analyst rating of Moderate Buy with a $89.55 price target.

USA Financial Formulas decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 63.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,989 shares of the network equipment provider's stock after selling 24,265 shares during the quarter. USA Financial Formulas' holdings in Cisco Systems were worth $1,078,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of Cisco Systems by 0.6% during the second quarter. State Street Corp now owns 194,695,250 shares of the network equipment provider's stock worth $13,507,956,000 after buying an additional 1,067,872 shares in the last quarter. Invesco Ltd. increased its holdings in Cisco Systems by 10.5% in the 3rd 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 in the last quarter. Northern Trust Corp raised its position in 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 valued at $3,318,275,000 after purchasing an additional 1,631,703 shares during the last quarter. Franklin Resources Inc. raised its position in 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 valued at $2,917,530,000 after purchasing an additional 1,804,625 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Cisco Systems by 7.2% during the third quarter. Legal & General Group Plc now owns 37,674,954 shares of the network equipment provider's stock valued at $2,577,720,000 after purchasing an additional 2,535,716 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 7,981 shares of Cisco Systems stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $79.50, for a total value of $634,489.50. Following the completion of the sale, the executive vice president directly owned 187,097 shares in the company, valued at approximately $14,874,211.50. The trade was a 4.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeetendra I. Patel sold 11,248 shares of the business's stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $76.00, for a total value of $854,848.00. Following the completion of the transaction, the insider directly owned 262,776 shares in the company, valued at approximately $19,970,976. This trade represents a 4.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 46,431 shares of company stock worth $3,574,820 over the last three months. Insiders own 0.01% of the company's stock.

Cisco Systems Stock Down 2.7%

Cisco Systems stock opened at $79.92 on Friday. The firm has a market cap of $315.68 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 3.02 and a beta of 0.87. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $88.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 0.96. The firm has a 50 day moving average price of $78.97 and a two-hundred day moving average price of $75.30.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.02. The company 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.94 earnings per share. Equities analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Thursday, April 2nd will be given a $0.42 dividend. This is a boost from Cisco Systems's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.68 annualized dividend and a dividend yield of 2.1%. Cisco Systems's dividend payout ratio is 57.54%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. HSBC upped their price objective on Cisco Systems from $74.00 to $77.00 and gave the company a "hold" rating in a research note on Friday, February 13th. Weiss Ratings reissued a "buy (b)" rating on shares of Cisco Systems in a report on Tuesday, January 27th. Zacks Research upgraded shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 26th. Argus raised shares of Cisco Systems to a "strong-buy" rating in a research note on Friday, February 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Cisco Systems from $90.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, February 9th. Three investment 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $89.55.

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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