Cisco Systems, Inc. $CSCO Position Reduced by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV trimmed its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 16.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 105,349 shares of the network equipment provider’s stock after selling 20,208 shares during the period. Cisco Systems accounts for 1.5% of Advisors Management Group Inc. ADV’s investment portfolio, making the stock its 20th biggest holding. Advisors Management Group Inc. ADV’s holdings in Cisco Systems were worth $8,115,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CSCO. Bare Financial Services Inc increased its stake in Cisco Systems by 531.0% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock valued at $25,000 after buying an additional 308 shares during the period. Marquette Asset Management LLC acquired a new stake in shares of Cisco Systems during the 3rd quarter valued at $25,000. Board of the Pension Protection Fund acquired a new stake in shares of Cisco Systems during the 4th quarter valued at $31,000. Lowe Wealth Advisors LLC grew its holdings in shares of Cisco Systems by 96.2% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 408 shares of the network equipment provider’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. Finally, Cedar Mountain Advisors LLC increased its stake in shares of Cisco Systems by 115.7% in the third quarter. Cedar Mountain Advisors LLC now owns 468 shares of the network equipment provider’s stock worth $32,000 after acquiring an additional 251 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 7,981 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $79.50, for a total value of $634,489.50. Following the sale, the executive vice president owned 187,097 shares of the company’s stock, valued at $14,874,211.50. The trade was a 4.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 2,179 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $77.74, for a total transaction of $169,395.46. Following the transaction, the senior vice president directly owned 28,807 shares of the company’s stock, valued at $2,239,456.18. The trade was a 7.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 46,431 shares of company stock valued at $3,574,820 in the last three months. Company insiders own 0.01% of the company’s stock.

Cisco Systems Stock Performance

Shares of CSCO opened at $79.92 on Friday. The company has a market capitalization of $315.68 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 3.02 and a beta of 0.87. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.96 and a quick ratio of 0.85. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $88.18. The company’s fifty day moving average price is $78.97 and its 200 day moving average price is $75.30.

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

Cisco Systems Increases Dividend

The business 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 dividend of $0.42 per share. This is an increase from Cisco Systems’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Cisco Systems’s dividend payout ratio (DPR) is currently 57.54%.

Wall Street Analysts Forecast Growth

CSCO has been the topic of a number of recent research reports. UBS Group boosted their target price on Cisco Systems from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. DZ Bank upgraded Cisco Systems to a “strong-buy” rating in a report on Friday, February 13th. Zacks Research raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Evercore upgraded Cisco Systems from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $80.00 to $100.00 in a report on Monday, January 26th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Cisco Systems from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $89.55.

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.