Cisco Systems, Inc. (NASDAQ:CSCO) Holdings Increased by Advisory Resource Group

Advisory Resource Group increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,664 shares of the network equipment provider’s stock after acquiring an additional 1,185 shares during the period. Cisco Systems makes up approximately 0.9% of Advisory Resource Group’s investment portfolio, making the stock its 22nd biggest position. Advisory Resource Group’s holdings in Cisco Systems were worth $3,294,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lifestyle Asset Management Inc. lifted its stake in Cisco Systems by 8.1% during the first quarter. Lifestyle Asset Management Inc. now owns 4,843 shares of the network equipment provider’s stock valued at $253,000 after purchasing an additional 361 shares during the last quarter. Allred Capital Management LLC lifted its position in shares of Cisco Systems by 3.5% during the 4th quarter. Allred Capital Management LLC now owns 15,925 shares of the network equipment provider’s stock valued at $759,000 after acquiring an additional 538 shares during the last quarter. Atwood & Palmer Inc. boosted its stake in shares of Cisco Systems by 1.2% during the 1st quarter. Atwood & Palmer Inc. now owns 517,457 shares of the network equipment provider’s stock worth $27,050,000 after acquiring an additional 5,919 shares in the last quarter. Abner Herrman & Brock LLC acquired a new position in shares of Cisco Systems in the 1st quarter worth $210,000. Finally, Vantage Investment Partners LLC lifted its holdings in shares of Cisco Systems by 4.1% during the first quarter. Vantage Investment Partners LLC now owns 230,567 shares of the network equipment provider’s stock valued at $12,053,000 after purchasing an additional 8,995 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

CSCO has been the topic of several recent analyst reports. Bank of America boosted their price objective on Cisco Systems from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, September 13th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Cisco Systems from $54.00 to $58.00 and gave the company a “hold” rating in a research report on Monday, August 21st. Piper Sandler boosted their target price on shares of Cisco Systems from $51.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, August 17th. UBS Group raised their target price on Cisco Systems from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, August 17th. Finally, Rosenblatt Securities upped their price target on Cisco Systems from $52.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, August 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $59.43.

Insider Buying and Selling

In related news, CEO Charles Robbins sold 17,687 shares of Cisco Systems stock in a transaction on Friday, August 18th. The shares were sold at an average price of $55.16, for a total value of $975,614.92. Following the transaction, the chief executive officer now owns 716,191 shares in the company, valued at approximately $39,505,095.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Charles Robbins sold 17,687 shares of Cisco Systems stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $55.16, for a total value of $975,614.92. Following the transaction, the chief executive officer now directly owns 716,191 shares in the company, valued at $39,505,095.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,158 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $55.15, for a total value of $119,013.70. Following the transaction, the executive vice president now directly owns 173,618 shares of the company’s stock, valued at approximately $9,575,032.70. The disclosure for this sale can be found here. In the last three months, insiders sold 54,438 shares of company stock valued at $2,948,779. Company insiders own 0.02% of the company’s stock.

Cisco Systems Stock Up 0.1 %

CSCO stock opened at $56.11 on Tuesday. The firm has a market cap of $227.52 billion, a PE ratio of 18.28, a PEG ratio of 2.50 and a beta of 0.97. Cisco Systems, Inc. has a 1 year low of $38.60 and a 1 year high of $58.19. The company has a fifty day simple moving average of $54.20 and a 200 day simple moving average of $51.17. The company has a current ratio of 1.38, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.08. The company had revenue of $15.20 billion during the quarter, compared to analysts’ expectations of $15.05 billion. Cisco Systems had a return on equity of 33.42% and a net margin of 22.13%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.74 earnings per share. Sell-side analysts anticipate that Cisco Systems, Inc. will post 3.58 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Tuesday, October 3rd. Cisco Systems’s dividend payout ratio is 50.81%.

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 that are standalone, controller appliance-based, switch-converged, and Meraki cloud-managed offerings; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.