Gould Capital LLC Lowers Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Gould Capital LLC reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 98.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 639 shares of the network equipment provider's stock after selling 59,071 shares during the quarter. Gould Capital LLC's holdings in Cisco Systems were worth $34,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Summit Securities Group LLC purchased a new stake in shares of Cisco Systems during the second quarter valued at approximately $25,000. Quarry LP increased its position in shares of Cisco Systems by 222.4% during the 2nd quarter. Quarry LP now owns 661 shares of the network equipment provider's stock valued at $31,000 after purchasing an additional 456 shares during the last quarter. West Financial Advisors LLC raised its stake in shares of Cisco Systems by 116.6% during the 3rd quarter. West Financial Advisors LLC now owns 574 shares of the network equipment provider's stock worth $31,000 after purchasing an additional 309 shares during the period. Hobbs Group Advisors LLC bought a new position in Cisco Systems during the second quarter valued at about $36,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in Cisco Systems during the third quarter worth about $40,000. 73.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cisco Systems

In related news, CEO Charles Robbins sold 171,744 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $9,873,562.56. Following the completion of the transaction, the chief executive officer now directly owns 783,786 shares in the company, valued at $45,059,857.14. This trade represents a 17.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard Scott Herren sold 86,351 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $4,964,318.99. Following the sale, the chief financial officer now directly owns 365,314 shares in the company, valued at $21,001,901.86. The trade was a 19.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 351,860 shares of company stock valued at $20,231,558. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Trading Down 0.4 %

Shares of CSCO traded down $0.23 during mid-day trading on Tuesday, hitting $58.72. 14,477,143 shares of the company's stock traded hands, compared to its average volume of 19,067,916. The business's 50-day moving average price is $56.65 and its 200-day moving average price is $51.05. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $60.23. The firm has a market capitalization of $233.87 billion, a P/E ratio of 25.20, a PEG ratio of 4.46 and a beta of 0.85. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The business had revenue of $13.84 billion during the quarter, compared to analyst estimates of $13.78 billion. During the same period in the prior year, the business earned $0.98 EPS. The company's revenue for the quarter was down 5.6% on a year-over-year basis. As a group, sell-side analysts forecast that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be issued a $0.40 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.72%. Cisco Systems's dividend payout ratio (DPR) is presently 68.67%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CSCO shares. Citigroup increased their target price on shares of Cisco Systems from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Piper Sandler boosted their target price on Cisco Systems from $52.00 to $57.00 and gave the company a "neutral" rating in a research note on Thursday, November 14th. Rosenblatt Securities increased their price target on Cisco Systems from $56.00 to $58.00 and gave the stock a "neutral" rating in a research note on Thursday, August 15th. Evercore ISI boosted their price objective on Cisco Systems from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Friday, September 20th. Finally, Bank of America increased their target price 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. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.94.

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.