M Holdings Securities Inc. Has $111,000 Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

M Holdings Securities Inc. decreased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 94.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,872 shares of the network equipment provider's stock after selling 29,974 shares during the quarter. M Holdings Securities Inc.'s holdings in Cisco Systems were worth $111,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Banco de Sabadell S.A lifted its holdings in Cisco Systems by 14.7% during the 4th quarter. Banco de Sabadell S.A now owns 42,362 shares of the network equipment provider's stock worth $2,504,000 after buying an additional 5,422 shares in the last quarter. Blueprint Investment Partners LLC raised its position in shares of Cisco Systems by 112.7% during the fourth quarter. Blueprint Investment Partners LLC now owns 17,527 shares of the network equipment provider's stock worth $1,038,000 after acquiring an additional 9,285 shares during the last quarter. Guardian Partners Inc. acquired a new position in shares of Cisco Systems during the fourth quarter valued at $335,000. KLP Kapitalforvaltning AS bought a new position in Cisco Systems in the fourth quarter valued at about $105,685,000. Finally, Knights of Columbus Asset Advisors LLC boosted its holdings in Cisco Systems by 1.9% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 295,145 shares of the network equipment provider's stock valued at $17,473,000 after acquiring an additional 5,420 shares during the last quarter. Institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Down 0.6 %

Shares of CSCO stock traded down $0.40 on Thursday, hitting $61.40. 25,714,633 shares of the stock were exchanged, compared to its average volume of 18,110,283. The firm has a market capitalization of $244.27 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 4.16 and a beta of 0.79. The business has a 50-day moving average of $62.10 and a 200 day moving average of $58.38. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $66.50.

Remove Ads

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%. Equities analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

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 paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.67%. This is a boost from Cisco Systems's previous quarterly dividend of $0.40. Cisco Systems's dividend payout ratio is currently 71.62%.

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

Analyst Ratings Changes

CSCO has been the topic of a number of research reports. DZ Bank upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. The Goldman Sachs Group upped their target price on shares of Cisco Systems from $56.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Barclays restated an "equal weight" rating on shares of Cisco Systems in a research report on Thursday, March 6th. Piper Sandler reiterated a "neutral" rating on shares of Cisco Systems in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. increased their target price on Cisco Systems from $69.00 to $73.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.63.

Insider Buying and Selling

In related news, EVP Thimaya K. Subaiya sold 2,065 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $60.70, for a total value of $125,345.50. Following the completion of the sale, the executive vice president now directly owns 191,184 shares in the company, valued at approximately $11,604,868.80. This trade represents a 1.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Maria Victoria Wong sold 762 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $60.99, for a total value of $46,474.38. Following the completion of the sale, the senior vice president now owns 44,155 shares in the company, valued at $2,693,013.45. This represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,547 shares of company stock worth $4,275,553. 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.