Cisco Systems, Inc. $CSCO Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC lowered its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 14.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,398 shares of the network equipment provider’s stock after selling 6,958 shares during the period. Belpointe Asset Management LLC’s holdings in Cisco Systems were worth $3,112,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CSCO. Marquette Asset Management LLC acquired a new position in shares of Cisco Systems in the third quarter valued at approximately $25,000. Lowe Wealth Advisors LLC increased its holdings in shares of Cisco Systems by 96.2% in the third quarter. Lowe Wealth Advisors LLC now owns 408 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Board of the Pension Protection Fund acquired a new position in shares of Cisco Systems in the fourth quarter valued at approximately $31,000. Cedar Mountain Advisors LLC increased its holdings 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 valued at $32,000 after purchasing an additional 251 shares during the period. Finally, Holos Integrated Wealth LLC acquired a new position in shares of Cisco Systems in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Trading Up 1.7%

Shares of CSCO stock opened at $87.71 on Tuesday. The business’s fifty day moving average price is $79.88 and its 200 day moving average price is $76.92. Cisco Systems, Inc. has a 1-year low of $53.83 and a 1-year high of $88.35. The firm has a market capitalization of $346.44 billion, a PE ratio of 30.78, a P/E/G ratio of 3.25 and a beta of 0.83. 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 (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. Cisco Systems had a return on equity of 27.88% and a net margin of 19.22%.The firm had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.11 billion. During the same quarter in the prior year, the company posted $0.94 earnings per share. Cisco Systems’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, sell-side analysts forecast that Cisco Systems, Inc. will post 3.4 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Thursday, April 2nd will be issued a dividend of $0.42 per share. This is a boost from Cisco Systems’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, April 2nd. Cisco Systems’s dividend payout ratio is currently 58.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CSCO shares. Evercore raised Cisco Systems from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $80.00 to $100.00 in a report on Monday, January 26th. CICC Research boosted their target price on Cisco Systems from $84.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Zacks Research lowered Cisco Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. UBS Group boosted their target price on Cisco Systems from $90.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, Erste Group Bank lowered Cisco Systems from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Cisco Systems has a consensus rating of “Moderate Buy” and an average price target of $89.81.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 1,744 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $77.07, for a total value of $134,410.08. Following the sale, the executive vice president owned 156,693 shares of the company’s stock, valued at approximately $12,076,329.51. This represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deborah L. Stahlkopf sold 7,981 shares of the company’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 completion of the sale, the executive vice president directly owned 187,097 shares in the company, valued at $14,874,211.50. This trade represents a 4.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 46,431 shares of company stock valued at $3,574,820 in the last 90 days. 0.01% of the stock is owned by corporate insiders.

Cisco Systems 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.