FCF Advisors LLC Decreases Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

FCF Advisors LLC cut its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 13.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,794 shares of the network equipment provider’s stock after selling 13,506 shares during the quarter. Cisco Systems accounts for about 1.1% of FCF Advisors LLC’s investment portfolio, making the stock its 26th largest holding. FCF Advisors LLC’s holdings in Cisco Systems were worth $4,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. V Square Quantitative Management LLC lifted its position in Cisco Systems by 1,230.9% during the third quarter. V Square Quantitative Management LLC now owns 3,487 shares of the network equipment provider’s stock valued at $187,000 after buying an additional 3,225 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Cisco Systems by 66.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 457,561 shares of the network equipment provider’s stock worth $24,598,000 after acquiring an additional 182,397 shares during the last quarter. Certified Advisory Corp increased its holdings in shares of Cisco Systems by 390.8% during the third quarter. Certified Advisory Corp now owns 24,189 shares of the network equipment provider’s stock valued at $1,300,000 after acquiring an additional 19,261 shares in the last quarter. Jacobi Capital Management LLC raised its position in shares of Cisco Systems by 2.0% in the 3rd quarter. Jacobi Capital Management LLC now owns 81,954 shares of the network equipment provider’s stock worth $4,406,000 after purchasing an additional 1,636 shares during the last quarter. Finally, Natixis Advisors L.P. grew its position in Cisco Systems by 6.0% during the 3rd quarter. Natixis Advisors L.P. now owns 2,861,752 shares of the network equipment provider’s stock valued at $153,849,000 after purchasing an additional 162,260 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, April 9th. Oppenheimer lifted their target price on Cisco Systems from $54.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. Piper Sandler reaffirmed a “neutral” rating and set a $52.00 price target on shares of Cisco Systems in a report on Wednesday, June 5th. BNP Paribas upgraded Cisco Systems from an “underperform” rating to a “neutral” rating and set a $50.00 price objective for the company in a report on Monday, May 13th. Finally, StockNews.com lowered Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.47.

Insiders Place Their Bets

In other news, CEO Charles Robbins sold 26,331 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $46.10, for a total value of $1,213,859.10. Following the completion of the transaction, the chief executive officer now owns 725,363 shares of the company’s stock, valued at $33,439,234.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Charles Robbins sold 26,331 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $46.10, for a total value of $1,213,859.10. Following the transaction, the chief executive officer now directly owns 725,363 shares of the company’s stock, valued at approximately $33,439,234.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,619 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $45.34, for a total value of $118,745.46. Following the completion of the transaction, the executive vice president now owns 176,384 shares of the company’s stock, valued at $7,997,250.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,106 shares of company stock worth $1,908,923. Corporate insiders own 0.02% of the company’s stock.

Cisco Systems Stock Performance

NASDAQ:CSCO traded up $0.38 during mid-day trading on Monday, hitting $47.67. 3,113,677 shares of the company traded hands, compared to its average volume of 19,687,436. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 0.44. The stock’s fifty day moving average price is $47.14 and its 200-day moving average price is $48.84. The firm has a market cap of $192.05 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 2.71 and a beta of 0.85. Cisco Systems, Inc. has a one year low of $44.95 and a one year high of $58.19.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. The company had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $12.53 billion. During the same period in the previous year, the company posted $0.88 EPS. The firm’s revenue was down 12.8% on a year-over-year basis. Research analysts anticipate that Cisco Systems, Inc. will post 3.14 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Friday, July 5th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $1.60 dividend on an annualized basis and a yield of 3.36%. Cisco Systems’s payout ratio is presently 53.87%.

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.