Advyzon Investment Management LLC Invests $549,000 in Cisco Systems, Inc. (NASDAQ:CSCO)

Advyzon Investment Management LLC bought a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,266 shares of the network equipment provider's stock, valued at approximately $549,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Highline Wealth Partners LLC raised its stake in Cisco Systems by 76.7% during the 4th quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider's stock valued at $35,000 after buying an additional 260 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new position in Cisco Systems in the third quarter valued at about $40,000. Decker Retirement Planning Inc. purchased a new position in Cisco Systems in the fourth quarter worth about $49,000. Capital Performance Advisors LLP bought a new stake in shares of Cisco Systems during the 3rd quarter valued at about $51,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Cisco Systems during the 3rd quarter valued at about $56,000. Institutional investors own 73.33% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on CSCO. Bank of America increased their price target on shares of Cisco Systems from $60.00 to $72.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. boosted their price target on Cisco Systems from $69.00 to $73.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Piper Sandler lifted their price objective on Cisco Systems from $57.00 to $72.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Melius Research upgraded shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Finally, BNP Paribas raised shares of Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 price target on the stock in a report on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Cisco Systems has a consensus rating of "Moderate Buy" and an average price target of $66.53.

Insider Activity at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 31,983 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the sale, the chief executive officer now owns 736,120 shares of the company's stock, valued at approximately $47,413,489.20. This trade represents a 4.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Maria Victoria Wong sold 586 shares of the business's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $58.69, for a total value of $34,392.34. Following the completion of the transaction, the senior vice president now directly owns 50,767 shares of the company's stock, valued at approximately $2,979,515.23. The trade was a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,921 shares of company stock worth $4,298,667 over the last three months. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Trading Down 1.1 %

Cisco Systems stock traded down $0.71 during mid-day trading on Friday, hitting $63.96. The company's stock had a trading volume of 10,399,141 shares, compared to its average volume of 19,473,678. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $66.50. The stock has a market cap of $254.46 billion, a PE ratio of 27.93, a P/E/G ratio of 4.17 and a beta of 0.84. The company has a 50 day moving average of $60.55 and a 200-day moving average of $56.01. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.14). Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. On average, research analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.41 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.56%. This is a positive change from Cisco Systems's previous quarterly dividend of $0.40. Cisco Systems's dividend payout ratio (DPR) is currently 71.62%.

Cisco Systems announced that its board has approved a share buyback plan on Wednesday, February 12th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the network equipment provider to reacquire up to 6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

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.