Unigestion Holding SA Decreases Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Unigestion Holding SA reduced its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 49.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 683,456 shares of the network equipment provider's stock after selling 670,978 shares during the period. Cisco Systems makes up 1.8% of Unigestion Holding SA's holdings, making the stock its 18th largest position. Unigestion Holding SA's holdings in Cisco Systems were worth $36,360,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CSCO. Summit Securities Group LLC purchased a new position in shares of Cisco Systems in the second quarter worth about $25,000. Quarry LP lifted its stake in Cisco Systems by 222.4% during the 2nd quarter. Quarry LP now owns 661 shares of the network equipment provider's stock valued at $31,000 after acquiring an additional 456 shares during the period. West Financial Advisors LLC boosted its stake in shares of Cisco Systems by 116.6% during the 3rd quarter. West Financial Advisors LLC now owns 574 shares of the network equipment provider's stock worth $31,000 after acquiring an additional 309 shares in the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of Cisco Systems in the 2nd quarter valued at about $36,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in Cisco Systems in the 3rd quarter worth about $40,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CSCO. Tigress Financial upped their target price on Cisco Systems from $76.00 to $78.00 and gave the stock a "buy" rating in a research note on Monday, October 14th. Needham & Company LLC reissued a "hold" rating on shares of Cisco Systems in a research note on Thursday, August 15th. JPMorgan Chase & Co. upgraded shares of Cisco Systems from a "neutral" rating to an "overweight" rating and increased their target price for the company from $55.00 to $66.00 in a research report on Monday, November 11th. Piper Sandler boosted 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, November 14th. Finally, StockNews.com raised shares of Cisco Systems from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Ten equities research 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.94.

Insider Buying and Selling

In related news, EVP Thimaya K. Subaiya sold 1,328 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $48.92, for a total transaction of $64,965.76. Following the sale, the executive vice president now owns 132,910 shares in the company, valued at approximately $6,501,957.20. This trade represents a 0.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Robbins sold 171,744 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $9,873,562.56. Following the completion of the transaction, the chief executive officer now owns 783,786 shares of the company's stock, valued at $45,059,857.14. This trade represents a 17.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 351,860 shares of company stock worth $20,231,558 in the last quarter. Company insiders own 0.01% of the company's stock.

Cisco Systems Stock Performance

Cisco Systems stock traded down $0.13 during mid-day trading on Wednesday, reaching $58.59. 26,830,533 shares of the company were exchanged, compared to its average volume of 19,100,408. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $60.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. The firm's 50-day simple moving average is $56.77 and its two-hundred day simple moving average is $51.14. The firm has a market cap of $233.35 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 4.39 and a beta of 0.85.

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

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, January 3rd. Cisco Systems's dividend payout ratio (DPR) is 68.67%.

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.