Strategic Wealth Investment Group LLC Lowers Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Strategic Wealth Investment Group LLC lessened its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 26.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,103 shares of the network equipment provider's stock after selling 4,796 shares during the quarter. Strategic Wealth Investment Group LLC's holdings in Cisco Systems were worth $776,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. FMR LLC increased its stake in Cisco Systems by 10.1% during 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 during the last quarter. Two Sigma Advisers LP increased its position in shares of 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 valued at $362,907,000 after purchasing an additional 5,223,800 shares during the last quarter. Pathway Financial Advisers LLC raised its holdings in 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 period. National Bank of Canada FI lifted its position in Cisco Systems by 79.6% in 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 during the last quarter. Finally, State Street Corp boosted its stake in Cisco Systems by 1.7% during 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 period. Institutional investors own 73.33% of the company's stock.

Analysts Set New Price Targets

CSCO has been the subject of several analyst reports. BNP Paribas upgraded shares of Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 target price for the company in a report on Tuesday, January 28th. UBS Group boosted their target price on Cisco Systems from $55.00 to $62.00 and gave the company a "neutral" rating in a research report 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 research note on Thursday, November 14th. Tigress Financial raised their price target on Cisco Systems from $76.00 to $78.00 and gave the stock a "buy" rating in a research note on Monday, October 14th. Finally, Citigroup upped their price objective on Cisco Systems from $64.00 to $68.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Cisco Systems currently has an average rating of "Moderate Buy" and a consensus target price of $62.72.

Insiders Place Their Bets

In related news, CEO Charles Robbins sold 171,744 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now owns 783,786 shares in the company, valued at $45,059,857.14. This represents a 17.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Maria Victoria Wong sold 586 shares of the stock in a transaction that occurred on 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 owns 50,767 shares in the company, valued at approximately $2,979,515.23. This trade represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 353,522 shares of company stock valued at $20,349,721. Insiders own 0.01% of the company's stock.

Cisco Systems Stock Up 0.7 %

NASDAQ CSCO traded up $0.44 on Monday, hitting $61.04. The stock had a trading volume of 20,335,686 shares, compared to its average volume of 19,057,650. The business's fifty day moving average price is $59.44 and its 200 day moving average price is $54.58. The stock has a market cap of $243.11 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 4.51 and a beta of 0.84. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $62.31.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. The company had revenue of $13.84 billion for the quarter, compared to analyst estimates of $13.78 billion. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 EPS. Equities research analysts anticipate that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Friday, January 3rd. Cisco Systems's dividend payout ratio (DPR) is presently 68.67%.

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.