Cisco Systems, Inc. (NASDAQ:CSCO) Shares Purchased by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 6.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 50,077 shares of the network equipment provider’s stock after purchasing an additional 3,252 shares during the period. Ameritas Advisory Services LLC’s holdings in Cisco Systems were worth $2,965,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Seven Eight Capital LP acquired a new position in shares of Cisco Systems in the second quarter worth $242,000. Sei Investments Co. grew its stake in shares of Cisco Systems by 13.7% in the second quarter. Sei Investments Co. now owns 2,041,220 shares of the network equipment provider’s stock worth $96,984,000 after acquiring an additional 245,780 shares in the last quarter. Westwood Holdings Group Inc. grew its stake in shares of Cisco Systems by 18.8% in the second quarter. Westwood Holdings Group Inc. now owns 223,121 shares of the network equipment provider’s stock worth $10,600,000 after acquiring an additional 35,302 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Cisco Systems by 27.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 220,894 shares of the network equipment provider’s stock worth $10,495,000 after acquiring an additional 47,590 shares in the last quarter. Finally, Holderness Investments Co. grew its stake in shares of Cisco Systems by 0.3% in the second quarter. Holderness Investments Co. now owns 85,215 shares of the network equipment provider’s stock worth $4,049,000 after acquiring an additional 283 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $60.23 on Monday. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $60.95. 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 company has a 50-day simple moving average of $58.91 and a 200-day simple moving average of $53.57. The stock has a market capitalization of $239.88 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 4.37 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (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 business had revenue of $13.84 billion for the quarter, compared to analyst estimates of $13.78 billion. During the same period in the previous year, the business posted $0.98 earnings per share. The business’s revenue was down 5.6% compared to the same quarter last year. On average, analysts predict that Cisco Systems, Inc. will post 2.97 EPS for the current year.

Cisco Systems Announces Dividend

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. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.66%. Cisco Systems’s dividend payout ratio (DPR) is 68.67%.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 21,230 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $57.07, for a total transaction of $1,211,596.10. Following the transaction, the executive vice president now directly owns 213,834 shares in the company, valued at approximately $12,203,506.38. This represents a 9.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Richard Scott Herren sold 86,351 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $4,964,318.99. Following the transaction, the chief financial officer now owns 365,314 shares in the company, valued at $21,001,901.86. The trade was a 19.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 353,522 shares of company stock worth $20,349,721 over the last ninety days. 0.01% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on CSCO shares. Tigress Financial boosted their price target on shares of Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Bank of America lifted their price objective on shares of Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Melius raised shares of Cisco Systems from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $73.00 in a research report on Monday, January 6th. Citigroup lifted their price objective on shares of Cisco Systems from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Piper Sandler lifted their price objective on shares of Cisco Systems from $52.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Cisco Systems presently has an average rating of “Moderate Buy” and an average target price of $61.50.

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.