Cisco Systems, Inc. (NASDAQ:CSCO) is M. Kulyk & Associates LLC's 9th Largest Position

M. Kulyk & Associates LLC lessened its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 209,223 shares of the network equipment provider's stock after selling 17,886 shares during the period. Cisco Systems accounts for about 2.7% of M. Kulyk & Associates LLC's portfolio, making the stock its 9th biggest holding. M. Kulyk & Associates LLC's holdings in Cisco Systems were worth $12,386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Argentarii LLC bought a new stake in shares of Cisco Systems during the 4th quarter valued at about $268,000. OFI Invest Asset Management acquired a new position in Cisco Systems during the 4th quarter worth approximately $23,999,000. United Community Bank raised its stake in shares of Cisco Systems by 2.6% in the fourth quarter. United Community Bank now owns 54,409 shares of the network equipment provider's stock worth $3,221,000 after purchasing an additional 1,365 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of Cisco Systems by 3.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 66,920 shares of the network equipment provider's stock worth $3,962,000 after purchasing an additional 2,383 shares during the last quarter. Finally, Naviter Wealth LLC raised its stake in shares of Cisco Systems by 13.4% in the fourth quarter. Naviter Wealth LLC now owns 44,220 shares of the network equipment provider's stock worth $2,618,000 after purchasing an additional 5,223 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CSCO. StockNews.com downgraded Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. Piper Sandler reaffirmed a "neutral" rating on shares of Cisco Systems in a report on Thursday. UBS Group lifted their price objective on Cisco Systems from $62.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Barclays reissued an "equal weight" rating on shares of Cisco Systems in a research note on Thursday. Finally, Citigroup restated an "overweight" rating on shares of Cisco Systems in a research report on Thursday. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Cisco Systems presently has a consensus rating of "Moderate Buy" and an average target price of $66.63.

Cisco Systems Stock Up 0.8 %

Shares of NASDAQ CSCO traded up $0.53 during trading hours on Friday, hitting $63.94. 21,153,303 shares of the stock were exchanged, compared to its average volume of 20,042,023. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. The company has a market cap of $254.37 billion, a PE ratio of 27.92, a PEG ratio of 4.16 and a beta of 0.79. The firm has a fifty day moving average price of $61.63 and a 200-day moving average price of $57.44. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $66.50.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share (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, sell-side analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd will be issued a $0.41 dividend. This is an increase from Cisco Systems's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Thursday, April 3rd. Cisco Systems's dividend payout ratio is 71.62%.

Cisco Systems announced that its Board of Directors has approved a share buyback plan on Wednesday, February 12th that allows the company to repurchase $15.00 billion in 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 typically a sign that the company's leadership believes its shares are undervalued.

Insider Activity

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 3,042 shares of the company's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $59.19, for a total transaction of $180,055.98. Following the completion of the transaction, the executive vice president now directly owns 207,798 shares in the company, valued at approximately $12,299,563.62. This represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Charles Robbins sold 31,983 shares of the company's 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 transaction, the chief executive officer now owns 736,120 shares of the company's stock, valued at $47,413,489.20. This represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,348 shares of company stock valued at $4,318,181 in the last ninety days. Insiders own 0.01% of the company's stock.

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.