Cisco Systems, Inc. (NASDAQ:CSCO) Stock Holdings Lifted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 17.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 156,043 shares of the network equipment provider's stock after buying an additional 23,250 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Cisco Systems were worth $9,238,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CSCO. Swedbank AB lifted its position in Cisco Systems by 0.6% in the 3rd quarter. Swedbank AB now owns 9,029,594 shares of the network equipment provider's stock valued at $480,555,000 after purchasing an additional 52,711 shares during the last quarter. Harbour Investments Inc. lifted its position in Cisco Systems by 1.9% in the 3rd quarter. Harbour Investments Inc. now owns 47,985 shares of the network equipment provider's stock valued at $2,554,000 after purchasing an additional 875 shares during the last quarter. Verus Capital Partners LLC lifted its position in Cisco Systems by 8.7% in the 3rd quarter. Verus Capital Partners LLC now owns 15,540 shares of the network equipment provider's stock valued at $827,000 after purchasing an additional 1,243 shares during the last quarter. Aptus Capital Advisors LLC lifted its position in Cisco Systems by 19.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 60,629 shares of the network equipment provider's stock valued at $3,227,000 after purchasing an additional 10,066 shares during the last quarter. Finally, RPG Investment Advisory LLC lifted its position in Cisco Systems by 6.4% in the 3rd quarter. RPG Investment Advisory LLC now owns 152,220 shares of the network equipment provider's stock valued at $8,101,000 after purchasing an additional 9,112 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Charles Robbins sold 31,983 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were 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 directly owns 736,120 shares of the company's stock, 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 document filed with the SEC, which is accessible through the SEC website. Also, EVP Thimaya K. Subaiya sold 2,065 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $60.70, for a total transaction of $125,345.50. Following the transaction, the executive vice president now directly owns 191,184 shares in the company, valued at $11,604,868.80. The trade was a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,547 shares of company stock worth $4,275,553 over the last ninety days. 0.01% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CSCO shares. Piper Sandler reiterated a "neutral" rating on shares of Cisco Systems in a research report on Thursday, March 6th. Melius Research raised shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Melius raised shares of Cisco Systems from a "hold" rating to a "buy" rating and raised their target price for the company from $66.00 to $73.00 in a research note on Monday, January 6th. BNP Paribas raised shares of Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 target price on the stock in a research note on Tuesday, January 28th. Finally, Citigroup reissued an "overweight" rating on shares of Cisco Systems in a research note on Thursday, March 6th. Seven investment 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $66.63.

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Cisco Systems Stock Performance

Shares of CSCO opened at $60.46 on Thursday. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $66.50. The company has a 50-day moving average of $61.74 and a two-hundred day moving average of $57.62. The stock has a market cap of $240.53 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 4.16 and a beta of 0.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing the consensus estimate 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, equities research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

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

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.71%. This is a boost from Cisco Systems's previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 3rd. Cisco Systems's dividend payout ratio (DPR) is presently 71.62%.

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.

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