Sanctuary Advisors LLC Has $48.69 Million Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Sanctuary Advisors LLC reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 831,624 shares of the network equipment provider's stock after selling 39,350 shares during the quarter. Sanctuary Advisors LLC's holdings in Cisco Systems were worth $48,692,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lantz Financial LLC boosted its stake in Cisco Systems by 1.2% in the second quarter. Lantz Financial LLC now owns 60,993 shares of the network equipment provider's stock worth $2,898,000 after purchasing an additional 736 shares in the last quarter. ORG Partners LLC grew its holdings in Cisco Systems by 5,313.7% during the 2nd quarter. ORG Partners LLC now owns 9,095 shares of the network equipment provider's stock worth $432,000 after acquiring an additional 8,927 shares during the last quarter. Archford Capital Strategies LLC increased its position in Cisco Systems by 6.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 20,867 shares of the network equipment provider's stock valued at $991,000 after acquiring an additional 1,177 shares in the last quarter. Lorne Steinberg Wealth Management Inc. grew its stake in shares of Cisco Systems by 0.6% during the second quarter. Lorne Steinberg Wealth Management Inc. now owns 113,607 shares of the network equipment provider's stock valued at $5,397,000 after purchasing an additional 725 shares during the last quarter. Finally, Fiduciary Financial Group LLC acquired a new stake in shares of Cisco Systems in the second quarter valued at approximately $520,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Analysts Set New Price Targets

CSCO has been the topic of a number of recent research reports. Evercore ISI increased their price objective on Cisco Systems from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Friday, September 20th. HSBC upgraded Cisco Systems from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $46.00 to $58.00 in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Cisco Systems from $52.00 to $53.00 and gave the company a "hold" rating in a research note on Thursday, August 15th. Piper Sandler raised their price objective on shares of Cisco Systems from $52.00 to $57.00 and gave the company a "neutral" rating in a research note on Thursday, November 14th. Finally, Hsbc Global Res upgraded shares of Cisco Systems to a "strong-buy" rating in a research report on Friday, August 16th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Cisco Systems presently has a consensus rating of "Moderate Buy" and an average price target of $59.94.

Cisco Systems Stock Up 0.4 %

NASDAQ CSCO traded up $0.26 during trading on Thursday, hitting $58.85. The stock had a trading volume of 17,649,973 shares, compared to its average volume of 19,094,416. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $60.23. The company's 50-day moving average price is $56.89 and its two-hundred day moving average price is $51.19. The company has a market capitalization of $234.39 billion, a PE ratio of 25.15, a P/E/G ratio of 4.39 and a beta of 0.85.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. The firm 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%. The company's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 earnings per share. As a group, sell-side analysts forecast that Cisco Systems, Inc. will post 2.97 EPS 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 dividend of $0.40 per share. 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%.

Insider Buying and Selling at Cisco Systems

In related news, Director Kristina M. Johnson sold 7,500 shares of the company's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $59.87, for a total transaction of $449,025.00. Following the completion of the sale, the director now directly owns 65,915 shares in the company, valued at $3,946,331.05. This represents a 10.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles Robbins sold 171,744 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $9,873,562.56. Following the completion of the transaction, the chief executive officer now directly owns 783,786 shares of the company's stock, valued at $45,059,857.14. This trade represents a 17.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 349,894 shares of company stock valued at $20,135,273 in the last ninety days. 0.01% of the stock is currently owned by corporate insiders.

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.