1834 Investment Advisors Co. Sells 14,617 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

1834 Investment Advisors Co. lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 10.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,290 shares of the network equipment provider's stock after selling 14,617 shares during the quarter. 1834 Investment Advisors Co.'s holdings in Cisco Systems were worth $6,508,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Swedbank AB purchased a new stake in shares of Cisco Systems in the first quarter valued at $840,538,000. Dimensional Fund Advisors LP boosted its holdings in Cisco Systems by 22.5% in the second quarter. Dimensional Fund Advisors LP now owns 26,409,843 shares of the network equipment provider's stock valued at $1,254,739,000 after purchasing an additional 4,843,146 shares during the last quarter. Pathway Financial Advisers LLC increased its stake in shares of Cisco Systems by 5,231.5% in the third quarter. Pathway Financial Advisers LLC now owns 4,935,107 shares of the network equipment provider's stock worth $262,646,000 after buying an additional 4,842,542 shares during the last quarter. Natixis increased its position in shares of Cisco Systems by 438.4% in the 1st quarter. Natixis now owns 4,924,988 shares of the network equipment provider's stock worth $245,806,000 after purchasing an additional 4,010,228 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Cisco Systems by 26.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,858,505 shares of the network equipment provider's stock worth $691,678,000 after buying an additional 2,906,357 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Buying and Selling

In other news, EVP Thimaya K. Subaiya sold 1,328 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $48.92, for a total value of $64,965.76. Following the completion of the transaction, the executive vice president now owns 132,910 shares in the company, valued at approximately $6,501,957.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Maria Victoria Wong sold 638 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $49.09, for a total transaction of $31,319.42. Following the completion of the sale, the senior vice president now owns 46,017 shares of the company's stock, valued at approximately $2,258,974.53. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Thimaya K. Subaiya sold 1,328 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $48.92, for a total value of $64,965.76. Following the completion of the transaction, the executive vice president now directly owns 132,910 shares in the company, valued at $6,501,957.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,529 shares of company stock valued at $3,509,049. 0.01% of the stock is owned by company insiders.

Cisco Systems Stock Up 3.2 %

NASDAQ CSCO traded up $1.81 during trading on Wednesday, reaching $57.97. The company's stock had a trading volume of 9,959,673 shares, compared to its average volume of 18,937,355. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $58.08. The business has a 50-day moving average price of $52.84 and a 200-day moving average price of $49.21. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $231.34 billion, a PE ratio of 22.11, a PEG ratio of 4.60 and a beta of 0.83.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.02. Cisco Systems had a return on equity of 27.83% and a net margin of 19.18%. The business had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $13.53 billion. During the same period last year, the business earned $1.01 EPS. The firm's revenue was down 10.3% compared to the same quarter last year. On average, research analysts forecast that Cisco Systems, Inc. will post 2.89 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.76%. Cisco Systems's dividend payout ratio (DPR) is presently 62.99%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Jefferies Financial Group reduced their price objective on Cisco Systems from $56.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, August 15th. Piper Sandler reiterated a "neutral" rating and set a $52.00 price target on shares of Cisco Systems in a research report on Thursday, August 15th. Rosenblatt Securities boosted their price objective on Cisco Systems from $56.00 to $58.00 and gave the company a "neutral" rating in a research report on Thursday, August 15th. Citigroup raised Cisco Systems from a "neutral" rating to a "buy" rating and increased their target price for the stock from $52.00 to $62.00 in a research report on Wednesday, October 16th. Finally, Hsbc Global Res raised shares of Cisco Systems to a "strong-buy" rating in a report on Friday, August 16th. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $56.74.

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.