Bill Few Associates Inc. Has $2.28 Million Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Bill Few Associates Inc. lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 146.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,583 shares of the network equipment provider’s stock after acquiring an additional 22,941 shares during the quarter. Bill Few Associates Inc.’s holdings in Cisco Systems were worth $2,284,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. MinichMacGregor Wealth Management LLC acquired a new stake in shares of Cisco Systems in the fourth quarter valued at approximately $233,000. Asset Planning Services Inc. LA ADV increased its stake in shares of Cisco Systems by 3.6% in the 4th quarter. Asset Planning Services Inc. LA ADV now owns 108,452 shares of the network equipment provider’s stock valued at $6,420,000 after buying an additional 3,750 shares during the period. Independent Wealth Network Inc. raised its position in shares of Cisco Systems by 3.2% during the fourth quarter. Independent Wealth Network Inc. now owns 9,144 shares of the network equipment provider’s stock worth $541,000 after acquiring an additional 280 shares during the last quarter. GoalVest Advisory LLC lifted its stake in shares of Cisco Systems by 47.5% during the fourth quarter. GoalVest Advisory LLC now owns 44,560 shares of the network equipment provider’s stock valued at $2,638,000 after acquiring an additional 14,355 shares during the period. Finally, Albion Financial Group UT increased its position in Cisco Systems by 0.3% in the fourth quarter. Albion Financial Group UT now owns 158,815 shares of the network equipment provider’s stock worth $9,402,000 after purchasing an additional 432 shares during the period. 73.33% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Thimaya K. Subaiya sold 21,230 shares of Cisco Systems stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $57.07, for a total transaction of $1,211,596.10. Following the completion of the sale, the executive vice president now directly owns 213,834 shares of the company’s stock, valued at approximately $12,203,506.38. This trade represents a 9.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Charles Robbins sold 171,744 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $9,873,562.56. Following the transaction, the chief executive officer now owns 783,786 shares in the company, valued at $45,059,857.14. The trade was a 17.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 353,522 shares of company stock valued at $20,349,721 over the last three months. Insiders own 0.01% of the company’s stock.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO opened at $61.63 on Thursday. The stock has a market capitalization of $245.46 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 4.54 and a beta of 0.84. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $61.76. The stock has a 50 day moving average price of $59.04 and a 200 day moving average price of $53.86. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share 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 the consensus estimate of $13.78 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. Analysts predict that Cisco Systems, Inc. will post 2.97 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.60%. Cisco Systems’s dividend payout ratio is 68.67%.

Analyst Ratings Changes

CSCO has been the topic of a number of recent research reports. Piper Sandler raised their price objective on shares of Cisco Systems from $52.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Bank of America increased their target price on Cisco Systems from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Barclays boosted their target price on Cisco Systems from $49.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. UBS Group increased their price target on shares of Cisco Systems from $55.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, Tigress Financial boosted their price objective on shares of Cisco Systems from $76.00 to $78.00 and gave the company a “buy” rating in a report on Monday, October 14th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.