United Advisor Group LLC Takes $528,000 Position in Cisco Systems, Inc. (NASDAQ:CSCO)

United Advisor Group LLC purchased a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,926 shares of the network equipment provider's stock, valued at approximately $528,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. China Universal Asset Management Co. Ltd. grew its holdings in shares of Cisco Systems by 226.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 26,423 shares of the network equipment provider's stock valued at $1,319,000 after purchasing an additional 18,339 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Cisco Systems by 32.0% during the 1st quarter. Larson Financial Group LLC now owns 7,510 shares of the network equipment provider's stock valued at $375,000 after acquiring an additional 1,822 shares in the last quarter. SPC Financial Inc. grew its position in Cisco Systems by 3.6% during the 1st quarter. SPC Financial Inc. now owns 58,873 shares of the network equipment provider's stock worth $2,938,000 after acquiring an additional 2,029 shares during the last quarter. Hemington Wealth Management increased its holdings in Cisco Systems by 13.7% in the 1st quarter. Hemington Wealth Management now owns 6,346 shares of the network equipment provider's stock worth $317,000 after purchasing an additional 764 shares in the last quarter. Finally, Texas Permanent School Fund Corp boosted its stake in shares of Cisco Systems by 0.4% during the first quarter. Texas Permanent School Fund Corp now owns 840,027 shares of the network equipment provider's stock valued at $41,926,000 after purchasing an additional 3,646 shares in the last quarter. Institutional investors own 73.33% of the company's stock.

Insider Activity at Cisco Systems

In related news, CEO Charles Robbins sold 27,143 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $49.45, for a total transaction of $1,342,221.35. Following the completion of the transaction, the chief executive officer now owns 683,403 shares in the company, valued at approximately $33,794,278.35. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Thimaya K. Subaiya sold 1,328 shares of Cisco Systems stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $48.92, for a total value of $64,965.76. Following the completion of the sale, the executive vice president now owns 132,910 shares of the company's stock, valued at approximately $6,501,957.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Robbins sold 27,143 shares of the company's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $49.45, for a total transaction of $1,342,221.35. Following the sale, the chief executive officer now directly owns 683,403 shares in the company, valued at approximately $33,794,278.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,529 shares of company stock valued at $3,509,049. 0.01% of the stock is owned by insiders.

Cisco Systems Stock Up 3.0 %

CSCO stock traded up $1.71 during mid-day trading on Wednesday, reaching $57.87. 20,501,519 shares of the company traded hands, compared to its average volume of 18,985,916. The stock has a market cap of $230.94 billion, a price-to-earnings ratio of 22.78, a P/E/G ratio of 4.60 and a beta of 0.83. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $58.08. The firm's 50 day moving average price is $53.00 and its 200 day moving average price is $49.27. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.02. Cisco Systems had a return on equity of 27.83% and a net margin of 19.18%. The business had revenue of $13.64 billion during the quarter, compared to analyst estimates of $13.53 billion. During the same period in the prior year, the firm posted $1.01 EPS. Cisco Systems's quarterly revenue was down 10.3% compared to the same quarter last year. As a group, equities research analysts predict that Cisco Systems, Inc. will post 2.89 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.76%. Cisco Systems's payout ratio is presently 62.99%.

Analysts Set New Price Targets

CSCO has been the subject of several analyst reports. StockNews.com lowered Cisco Systems from a "buy" rating to a "hold" rating in a research report on Tuesday. HSBC upgraded Cisco Systems from a "hold" rating to a "buy" rating and raised their price objective for the stock from $46.00 to $58.00 in a research report on Friday, August 16th. Needham & Company LLC reiterated a "hold" rating on shares of Cisco Systems in a report on Thursday, August 15th. New Street Research upgraded shares of Cisco Systems from a "neutral" rating to a "buy" rating and set a $57.00 price target for the company in a report on Thursday, August 15th. Finally, Piper Sandler restated a "neutral" rating and issued a $52.00 price target on shares of Cisco Systems in a research report on Thursday, August 15th. Thirteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $56.74.

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.