RIA Advisory Group LLC Purchases Shares of 15,691 Cisco Systems, Inc. (NASDAQ:CSCO)

RIA Advisory Group LLC bought a new position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,691 shares of the network equipment provider's stock, valued at approximately $835,000.

Other large investors have also bought and sold shares of the company. Summit Securities Group LLC purchased a new position in Cisco Systems in the second quarter worth about $25,000. West Financial Advisors LLC raised its holdings in Cisco Systems by 116.6% in the third quarter. West Financial Advisors LLC now owns 574 shares of the network equipment provider's stock worth $31,000 after buying an additional 309 shares during the last quarter. Quarry LP raised its holdings in shares of Cisco Systems by 222.4% during the second 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. Hobbs Group Advisors LLC purchased a new position in shares of Cisco Systems during the second quarter valued at approximately $36,000. Finally, Iron Horse Wealth Management LLC raised its holdings in shares of Cisco Systems by 617.7% during the second quarter. Iron Horse Wealth Management LLC now owns 890 shares of the network equipment provider's stock valued at $42,000 after purchasing an additional 766 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Trading Down 0.8 %

Shares of CSCO stock traded down $0.46 during trading hours on Friday, reaching $57.46. 28,173,705 shares of the stock were exchanged, compared to its average volume of 19,144,939. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $59.38. The firm has a market capitalization of $229.31 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 4.90 and a beta of 0.83. The company's 50-day moving average price is $54.18 and its 200-day moving average price is $49.76.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. Cisco Systems had a return on equity of 25.62% and a net margin of 17.73%. The company had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter in the prior year, the company posted $1.01 EPS. Cisco Systems's quarterly revenue was down 10.3% on a year-over-year basis. As a group, equities analysts anticipate that Cisco Systems, Inc. will post 2.89 earnings per share for the current year.

Cisco Systems Dividend Announcement

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 given a $0.40 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.78%. Cisco Systems's dividend payout ratio (DPR) is 68.67%.

Analyst Ratings Changes

Several research firms have recently weighed in on CSCO. Barclays boosted their price objective on shares of Cisco Systems from $49.00 to $56.00 and gave the company an "equal weight" rating in a report on Thursday. New Street Research raised shares of Cisco Systems from a "neutral" rating to a "buy" rating and set a $57.00 price objective for the company in a report on Thursday, August 15th. Piper Sandler upped their target price on shares of Cisco Systems from $52.00 to $57.00 and gave the company a "neutral" rating in a report on Thursday. StockNews.com raised shares of Cisco Systems from a "hold" rating to a "buy" rating in a report on Thursday. Finally, Jefferies Financial Group reduced their target price on shares of Cisco Systems from $56.00 to $53.00 and set a "buy" rating for the company in a report on Thursday, August 15th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $59.42.

Insider Buying and Selling at Cisco Systems

In other news, CFO Richard Scott Herren sold 22,309 shares of the business's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $50.00, for a total value of $1,115,450.00. Following the completion of the sale, the chief financial officer now owns 293,184 shares in the company, valued at approximately $14,659,200. The trade was a 7.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Thimaya K. Subaiya sold 8,270 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $50.33, for a total transaction of $416,229.10. Following the completion of the sale, the executive vice president now owns 135,544 shares of the company's stock, valued at approximately $6,821,929.52. This represents a 5.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,924 shares of company stock valued at $1,798,131 in the last three months. Company insiders own 0.01% of the company's stock.

About Cisco Systems

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.