Cisco Systems, Inc. (NASDAQ:CSCO) Position Lessened by FLC Capital Advisors

FLC Capital Advisors reduced its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 15.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,254 shares of the network equipment provider’s stock after selling 3,989 shares during the quarter. FLC Capital Advisors’ holdings in Cisco Systems were worth $1,131,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CSCO. Welch Group LLC raised its holdings in shares of Cisco Systems by 11.1% during the first quarter. Welch Group LLC now owns 123,316 shares of the network equipment provider’s stock valued at $6,155,000 after buying an additional 12,328 shares during the last quarter. Perpetual Ltd boosted its position in Cisco Systems by 118.6% during the 1st quarter. Perpetual Ltd now owns 145,402 shares of the network equipment provider’s stock worth $7,257,000 after acquiring an additional 78,874 shares during the period. Signal Advisors Wealth LLC boosted its position in Cisco Systems by 89.5% during the 1st quarter. Signal Advisors Wealth LLC now owns 11,228 shares of the network equipment provider’s stock worth $560,000 after acquiring an additional 5,302 shares during the period. Fulton Bank N.A. increased its holdings in shares of Cisco Systems by 6.6% during the first quarter. Fulton Bank N.A. now owns 146,436 shares of the network equipment provider’s stock valued at $7,309,000 after purchasing an additional 9,122 shares during the period. Finally, Czech National Bank raised its stake in shares of Cisco Systems by 0.8% during the first quarter. Czech National Bank now owns 715,045 shares of the network equipment provider’s stock valued at $35,688,000 after purchasing an additional 5,498 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Trading Up 4.3 %

NASDAQ:CSCO opened at $56.38 on Thursday. The stock has a market cap of $227.14 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 4.22 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 $56.41. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.91 and a quick ratio of 0.83. The stock’s 50-day moving average is $50.73 and its two-hundred day moving average is $48.50.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data 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 net margin of 19.18% and a return on equity of 27.83%. The firm had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $13.53 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The firm’s revenue was down 10.3% on a year-over-year basis. As a group, equities research analysts forecast that Cisco Systems, Inc. will post 2.9 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.84%. Cisco Systems’s dividend payout ratio is 53.87%.

Insider Buying and Selling at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 1,328 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $48.92, for a total transaction of $64,965.76. Following the completion of the sale, the executive vice president now directly owns 132,910 shares of the company’s stock, valued at $6,501,957.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Cisco Systems news, SVP Maria Victoria Wong sold 3,379 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $50.36, for a total transaction of $170,166.44. Following the transaction, the senior vice president now directly owns 47,182 shares in the company, valued at $2,376,085.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thimaya K. Subaiya sold 1,328 shares of the business’s 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 directly owns 132,910 shares of the company’s stock, valued at $6,501,957.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 70,529 shares of company stock worth $3,509,049 over the last 90 days. 0.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CSCO. Piper Sandler reiterated a “neutral” rating and issued a $52.00 target price on shares of Cisco Systems in a research report on Thursday, August 15th. Evercore ISI raised their price objective on shares of Cisco Systems from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. JPMorgan Chase & Co. upped their target price on Cisco Systems from $53.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, August 8th. Despite investors’ hopes for a rebound in Networking Equipment demand to boost Cisco’s fourth-quarter 2024 performance, the anticipation is tempered by limited indications of a significant recovery in demand. Hsbc Global Res upgraded Cisco Systems to a “strong-buy” rating in a research report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Cisco Systems from $52.00 to $53.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Cisco Systems presently has an average rating of “Hold” and an average target price of $56.74.

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.