Capital Advisors Inc. OK Cuts Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Capital Advisors Inc. OK lessened its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 721,900 shares of the network equipment provider’s stock after selling 1,450 shares during the period. Capital Advisors Inc. OK’s holdings in Cisco Systems were worth $36,470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Cisco Systems in the 3rd quarter valued at $27,000. Valued Wealth Advisors LLC purchased a new stake in shares of Cisco Systems in the 4th quarter valued at $32,000. Fortis Capital Advisors LLC purchased a new stake in shares of Cisco Systems in the 4th quarter valued at $34,000. Morton Brown Family Wealth LLC boosted its stake in shares of Cisco Systems by 41.9% in the 4th quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 208 shares in the last quarter. Finally, Hibernia Wealth Partners LLC purchased a new stake in shares of Cisco Systems in the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Down 2.1 %

Shares of Cisco Systems stock traded down $1.04 during trading on Friday, hitting $48.49. The company’s stock had a trading volume of 16,418,052 shares, compared to its average volume of 19,337,124. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.37. The company has a fifty day simple moving average of $49.25 and a two-hundred day simple moving average of $50.44. The company has a market capitalization of $196.35 billion, a PE ratio of 14.74, a P/E/G ratio of 2.84 and a beta of 0.87. Cisco Systems, Inc. has a 52 week low of $45.56 and a 52 week high of $58.19.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.03. The company had revenue of $12.79 billion during the quarter, compared to analyst estimates of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. Cisco Systems’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the business earned $0.76 EPS. Equities research analysts predict that Cisco Systems, Inc. will post 3.15 earnings per share for the current year.

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.30%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, April 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 48.63%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CSCO. Piper Sandler upped their price target on shares of Cisco Systems from $47.00 to $51.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. Citigroup began coverage on shares of Cisco Systems in a report on Friday. They set a “neutral” rating and a $52.00 price target for the company. Wells Fargo & Company began coverage on shares of Cisco Systems in a report on Thursday, February 15th. They set an “equal weight” rating and a $52.00 price target for the company. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a report on Tuesday. Finally, UBS Group upped their price target on shares of Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $56.03.

Insider Activity at Cisco Systems

In related news, SVP Maria Victoria Wong sold 2,497 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the sale, the senior vice president now directly owns 58,121 shares of the company’s stock, valued at approximately $2,906,050. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $50.00, for a total transaction of $697,100.00. Following the sale, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Maria Victoria Wong sold 2,497 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the sale, the senior vice president now directly owns 58,121 shares in the company, valued at $2,906,050. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,441 shares of company stock valued at $972,080. 0.02% of the stock is owned by insiders.

Cisco Systems Company 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.