Roberts Wealth Advisors LLC Has $4.41 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Roberts Wealth Advisors LLC grew its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,653 shares of the network equipment provider’s stock after purchasing an additional 194 shares during the quarter. Cisco Systems comprises about 1.4% of Roberts Wealth Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Roberts Wealth Advisors LLC’s holdings in Cisco Systems were worth $4,411,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CSCO. Braun Bostich & Associates Inc. lifted its stake in Cisco Systems by 4.6% in the 3rd quarter. Braun Bostich & Associates Inc. now owns 6,325 shares of the network equipment provider’s stock valued at $337,000 after purchasing an additional 276 shares during the last quarter. 626 Financial LLC acquired a new position in shares of Cisco Systems during the 3rd quarter worth approximately $217,000. EdgeRock Capital LLC raised its stake in Cisco Systems by 5.3% in the 3rd quarter. EdgeRock Capital LLC now owns 4,529 shares of the network equipment provider’s stock valued at $241,000 after acquiring an additional 226 shares during the period. Lynch & Associates IN lifted its holdings in Cisco Systems by 0.9% during the 3rd quarter. Lynch & Associates IN now owns 148,990 shares of the network equipment provider’s stock valued at $7,929,000 after purchasing an additional 1,343 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC boosted its position in Cisco Systems by 5.7% during the third quarter. Foster Victor Wealth Advisors LLC now owns 287,979 shares of the network equipment provider’s stock worth $15,424,000 after purchasing an additional 15,489 shares during the period. Institutional investors own 73.33% of the company’s stock.

Insiders Place Their Bets

In other 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 transaction of $64,965.76. Following the sale, the executive vice president now directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 value of $64,965.76. Following the completion of the transaction, the executive vice president now owns 132,910 shares in the company, valued at $6,501,957.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Maria Victoria Wong sold 638 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $49.09, for a total transaction of $31,319.42. Following the completion of the transaction, the senior vice president now owns 46,017 shares of the company’s stock, valued at approximately $2,258,974.53. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,529 shares of company stock valued at $3,509,049 in the last 90 days. Corporate insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $52.00 to $62.00 in a report on Wednesday. Rosenblatt Securities boosted their price target on Cisco Systems from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. HSBC upgraded Cisco Systems from a “hold” rating to a “buy” rating and increased their price objective for the stock from $46.00 to $58.00 in a research report on Friday, August 16th. JPMorgan Chase & Co. boosted their target price on shares of Cisco Systems from $53.00 to $55.00 and gave the company 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. Finally, New Street Research raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $56.74.

Cisco Systems Stock Performance

Cisco Systems stock opened at $54.08 on Wednesday. The stock has a market cap of $217.88 billion, a PE ratio of 18.21, a P/E/G ratio of 4.22 and a beta of 0.83. 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, Inc. has a 12-month low of $44.50 and a 12-month high of $54.61. The business’s 50-day moving average price is $50.51 and its two-hundred day moving average price is $48.45.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. The business had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.53 billion. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The firm’s revenue was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 EPS. As a group, analysts expect that Cisco Systems, Inc. will post 2.9 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

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 given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.96%. Cisco Systems’s dividend payout ratio is currently 53.87%.

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.