Mount Yale Investment Advisors LLC Sells 97,519 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Mount Yale Investment Advisors LLC cut its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 87.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,942 shares of the network equipment provider's stock after selling 97,519 shares during the quarter. Mount Yale Investment Advisors LLC's holdings in Cisco Systems were worth $825,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. FMR LLC lifted its stake in shares of Cisco Systems by 10.1% in the third quarter. FMR LLC now owns 63,931,461 shares of the network equipment provider's stock worth $3,402,432,000 after acquiring an additional 5,885,879 shares in the last quarter. Two Sigma Advisers LP increased its holdings in Cisco Systems by 327.5% during the 3rd quarter. Two Sigma Advisers LP now owns 6,819,000 shares of the network equipment provider's stock worth $362,907,000 after purchasing an additional 5,223,800 shares during the last quarter. Pathway Financial Advisers LLC boosted its stake in shares of Cisco Systems by 5,231.5% during the 3rd quarter. Pathway Financial Advisers LLC now owns 4,935,107 shares of the network equipment provider's stock valued at $262,646,000 after buying an additional 4,842,542 shares during the last quarter. National Bank of Canada FI grew its position in shares of Cisco Systems by 79.6% during the third quarter. National Bank of Canada FI now owns 8,971,494 shares of the network equipment provider's stock worth $477,463,000 after buying an additional 3,975,028 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Cisco Systems by 1.7% in the third quarter. State Street Corp now owns 193,489,477 shares of the network equipment provider's stock worth $10,297,506,000 after buying an additional 3,241,682 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Activity

In other Cisco Systems news, CEO Charles Robbins sold 171,744 shares of the business's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $9,873,562.56. Following the transaction, the chief executive officer now owns 783,786 shares of the company's stock, valued at approximately $45,059,857.14. The trade was a 17.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Maria Victoria Wong sold 586 shares of the business's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $58.69, for a total transaction of $34,392.34. Following the completion of the transaction, the senior vice president now directly owns 50,767 shares of the company's stock, valued at approximately $2,979,515.23. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 353,522 shares of company stock worth $20,349,721. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Stock Up 0.6 %

NASDAQ CSCO traded up $0.35 during trading on Tuesday, reaching $59.43. The company's stock had a trading volume of 25,470,480 shares, compared to its average volume of 19,314,959. The business has a 50-day moving average price of $59.25 and a 200-day moving average price of $54.23. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $62.31. The stock has a market capitalization of $236.70 billion, a PE ratio of 25.51, a PEG ratio of 4.59 and a beta of 0.84. The company has a current ratio of 0.88, a quick ratio of 0.80 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. The business had revenue of $13.84 billion during the quarter, compared to analysts' expectations of $13.78 billion. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. Cisco Systems's revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. On average, research analysts forecast that Cisco Systems, Inc. will post 2.97 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, January 22nd. Shareholders of record on Friday, January 3rd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.69%. Cisco Systems's dividend payout ratio is currently 68.67%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group boosted their price target on Cisco Systems from $55.00 to $62.00 and gave the company a "neutral" rating in a report on Thursday, November 14th. Tigress Financial lifted their price target on shares of Cisco Systems from $76.00 to $78.00 and gave the company a "buy" rating in a report on Monday, October 14th. StockNews.com upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Piper Sandler upped their target price on Cisco Systems from $52.00 to $57.00 and gave the company a "neutral" rating in a report on Thursday, November 14th. Finally, Bank of America boosted their price objective on Cisco Systems from $60.00 to $72.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $62.72.

Cisco Systems Company 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.