Cisco Systems, Inc. (NASDAQ:CSCO) Stock Holdings Decreased by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC trimmed its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,175,413 shares of the network equipment provider's stock after selling 67,866 shares during the quarter. Cisco Systems accounts for approximately 3.0% of Applied Finance Capital Management LLC's investment portfolio, making the stock its 2nd biggest holding. Applied Finance Capital Management LLC's holdings in Cisco Systems were worth $69,584,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quarry LP lifted its stake in shares of Cisco Systems by 92.3% in the third quarter. Quarry LP now owns 1,271 shares of the network equipment provider's stock worth $68,000 after buying an additional 610 shares in the last quarter. MML Investors Services LLC raised its holdings in Cisco Systems by 1.4% in the 3rd quarter. MML Investors Services LLC now owns 932,221 shares of the network equipment provider's stock valued at $49,613,000 after acquiring an additional 12,849 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Cisco Systems by 2.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,583,832 shares of the network equipment provider's stock worth $137,512,000 after purchasing an additional 52,242 shares in the last quarter. Cape Cod Five Cents Savings Bank grew its position in shares of Cisco Systems by 13.2% in the third quarter. Cape Cod Five Cents Savings Bank now owns 16,278 shares of the network equipment provider's stock valued at $866,000 after purchasing an additional 1,900 shares in the last quarter. Finally, EWA LLC acquired a new stake in shares of Cisco Systems in the third quarter valued at approximately $298,000. 73.33% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In other Cisco Systems news, CEO Charles Robbins sold 31,983 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $64.41, for a total value of $2,060,025.03. Following the completion of the sale, the chief executive officer now owns 736,120 shares in the company, valued at approximately $47,413,489.20. The trade was a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thimaya K. Subaiya sold 2,065 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $60.70, for a total transaction of $125,345.50. Following the transaction, the executive vice president now owns 191,184 shares in the company, valued at approximately $11,604,868.80. This trade represents a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,547 shares of company stock worth $4,275,553. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Stock Up 1.3 %

NASDAQ:CSCO traded up $0.74 during trading hours on Friday, hitting $57.33. The company's stock had a trading volume of 23,031,744 shares, compared to its average volume of 20,100,346. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $66.50. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $228.08 billion, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 4.16 and a beta of 0.86. The stock has a fifty day moving average of $61.30 and a 200-day moving average of $59.01.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data 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 net margin of 16.96% and a return on equity of 26.08%. On average, equities analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems declared that its board has approved a share repurchase plan on Wednesday, February 12th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the network equipment provider to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Thursday, April 3rd. This is an increase from Cisco Systems's previous quarterly dividend of $0.40. Cisco Systems's payout ratio is currently 71.62%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group lifted their price target on Cisco Systems from $62.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. StockNews.com lowered shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 5th. BNP Paribas upgraded shares of Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 price target for the company in a report on Tuesday, January 28th. Morgan Stanley upped their price objective on Cisco Systems from $62.00 to $68.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Finally, Piper Sandler cut their target price on Cisco Systems from $72.00 to $60.00 and set a "neutral" rating for the company in a research note on Tuesday. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $66.00.

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.