Cisco Systems, Inc. (NASDAQ:CSCO) Stock Position Decreased by Private Advisor Group LLC

Private Advisor Group LLC lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 14.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 437,990 shares of the network equipment provider's stock after selling 72,816 shares during the period. Private Advisor Group LLC's holdings in Cisco Systems were worth $22,127,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wealthspire Advisors LLC grew its holdings in Cisco Systems by 48.1% during the third quarter. Wealthspire Advisors LLC now owns 71,385 shares of the network equipment provider's stock valued at $3,838,000 after purchasing an additional 23,194 shares during the last quarter. Roble Belko & Company Inc lifted its position in shares of Cisco Systems by 77.1% during the 4th quarter. Roble Belko & Company Inc now owns 6,405 shares of the network equipment provider's stock worth $324,000 after purchasing an additional 2,788 shares during the last quarter. HBK Sorce Advisory LLC boosted its stake in Cisco Systems by 0.5% during the 3rd quarter. HBK Sorce Advisory LLC now owns 64,136 shares of the network equipment provider's stock valued at $3,448,000 after purchasing an additional 301 shares during the period. Louisiana State Employees Retirement System acquired a new stake in Cisco Systems in the 4th quarter valued at approximately $28,685,000. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in shares of Cisco Systems by 1.1% during the third quarter. Adage Capital Partners GP L.L.C. now owns 4,470,521 shares of the network equipment provider's stock worth $240,335,000 after buying an additional 49,700 shares during the last quarter. Institutional investors own 73.33% of the company's stock.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the transaction, the chief financial officer now owns 328,491 shares of the company's stock, valued at $16,424,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Deborah L. Stahlkopf sold 3,002 shares of the business's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the completion of the transaction, the executive vice president now owns 191,559 shares of the company's stock, valued at approximately $9,579,865.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard Scott Herren sold 13,942 shares of the company's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.00, for a total transaction of $697,100.00. Following the completion of the sale, the chief financial officer now owns 328,491 shares of the company's stock, valued at approximately $16,424,550. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,441 shares of company stock valued at $972,080. 0.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CSCO shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Cisco Systems from $51.00 to $52.00 and gave the stock a "hold" rating in a research report on Tuesday, April 9th. Bank of America upgraded shares of Cisco Systems from a "neutral" rating to a "buy" rating and increased their target price for the company from $55.00 to $60.00 in a research note on Monday, April 15th. Citigroup began coverage on Cisco Systems in a research note on Friday, April 12th. They set a "neutral" rating and a $52.00 price target on the stock. Piper Sandler raised their price objective on Cisco Systems from $47.00 to $51.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 20th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Cisco Systems in a research report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $55.53.

Cisco Systems Trading Down 0.0 %

CSCO stock traded down $0.01 during trading on Monday, hitting $47.11. The company had a trading volume of 14,161,773 shares, compared to its average volume of 19,119,422. The firm has a 50-day moving average price of $48.77 and a 200-day moving average price of $49.73. Cisco Systems, Inc. has a 12 month low of $45.70 and a 12 month high of $58.19. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. The stock has a market cap of $190.76 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 2.72 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.03. The business had revenue of $12.79 billion for the quarter, compared to analyst estimates of $12.71 billion. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The firm's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 earnings per share. As a group, analysts predict that Cisco Systems, Inc. will post 3.13 earnings per share for the current year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Thursday, April 4th were issued a $0.40 dividend. This is a positive change from Cisco Systems's previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 3.40%. The ex-dividend date was Wednesday, April 3rd. Cisco Systems's dividend payout ratio is currently 48.63%.

Cisco Systems Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.