Advisory Alpha LLC Sells 429 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Advisory Alpha LLC trimmed its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 4.5% in the second quarter, HoldingsChannel reports. The firm owned 9,039 shares of the network equipment provider’s stock after selling 429 shares during the quarter. Advisory Alpha LLC’s holdings in Cisco Systems were worth $429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its stake in Cisco Systems by 24.3% in the 4th quarter. Jones Financial Companies Lllp now owns 34,944 shares of the network equipment provider’s stock valued at $1,765,000 after purchasing an additional 6,838 shares during the period. Carmignac Gestion boosted its position in shares of Cisco Systems by 2.9% in the fourth quarter. Carmignac Gestion now owns 38,360 shares of the network equipment provider’s stock valued at $1,938,000 after acquiring an additional 1,098 shares during the period. Blueshift Asset Management LLC grew its stake in shares of Cisco Systems by 76.6% in the fourth quarter. Blueshift Asset Management LLC now owns 9,860 shares of the network equipment provider’s stock valued at $498,000 after acquiring an additional 4,276 shares in the last quarter. Edge Capital Group LLC increased its position in Cisco Systems by 13.4% during the fourth quarter. Edge Capital Group LLC now owns 19,784 shares of the network equipment provider’s stock worth $1,000,000 after acquiring an additional 2,333 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in Cisco Systems by 196.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 747,272 shares of the network equipment provider’s stock worth $37,752,000 after purchasing an additional 495,150 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Stock Down 0.9 %

Shares of NASDAQ CSCO opened at $52.74 on Wednesday. The company has a 50 day simple moving average of $49.26 and a 200 day simple moving average of $48.19. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.91 and a quick ratio of 0.83. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $54.58. The firm has a market cap of $212.48 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 4.11 and a beta of 0.83.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The firm had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter last year, the firm earned $1.01 earnings per share. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. On average, research analysts forecast that Cisco Systems, Inc. will post 2.9 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.60 annualized dividend and a dividend yield of 3.03%. Cisco Systems’s payout ratio is 53.87%.

Insider Transactions at Cisco Systems

In related news, CEO Charles Robbins sold 27,143 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $49.45, for a total value of $1,342,221.35. Following the sale, the chief executive officer now directly owns 683,403 shares in the company, valued at $33,794,278.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Cisco Systems news, EVP Thimaya K. Subaiya sold 8,270 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $50.33, for a total transaction of $416,229.10. Following the completion of the sale, the executive vice president now directly owns 135,544 shares in the company, valued at approximately $6,821,929.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Charles Robbins sold 27,143 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $49.45, for a total value of $1,342,221.35. Following the sale, the chief executive officer now owns 683,403 shares of the company’s stock, valued at $33,794,278.35. The disclosure for this sale can be found here. Insiders sold 70,529 shares of company stock worth $3,509,049 over the last ninety days. 0.02% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CSCO. Hsbc Global Res upgraded shares of Cisco Systems to a “strong-buy” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. increased their price target on Cisco Systems from $53.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, August 8th. Despite investors’ hopes for a rebound in Networking Equipment demand to boost Cisco’s fourth-quarter 2024 performance, the anticipation is tempered by limited indications of a significant recovery in demand. New Street Research raised Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Thursday, August 15th. HSBC raised Cisco Systems from a “hold” rating to a “buy” rating and increased their target price for the stock from $46.00 to $58.00 in a report on Friday, August 16th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $55.00.

About Cisco Systems

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.