GoalVest Advisory LLC Sells 20,753 Shares of Cisco Systems, Inc. $CSCO

GoalVest Advisory LLC cut its position in Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 42.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,654 shares of the network equipment provider’s stock after selling 20,753 shares during the quarter. GoalVest Advisory LLC’s holdings in Cisco Systems were worth $2,207,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Legacy Wealth Management LLC MS grew its stake in shares of Cisco Systems by 42.8% during the 4th quarter. Legacy Wealth Management LLC MS now owns 4,899 shares of the network equipment provider’s stock worth $377,000 after acquiring an additional 1,469 shares during the period. Grant Private Wealth Management Inc raised its stake in Cisco Systems by 17.0% in the 4th quarter. Grant Private Wealth Management Inc now owns 8,035 shares of the network equipment provider’s stock valued at $619,000 after acquiring an additional 1,165 shares during the period. City Center Advisors LLC raised its stake in Cisco Systems by 3.8% in the 4th quarter. City Center Advisors LLC now owns 7,136 shares of the network equipment provider’s stock valued at $550,000 after acquiring an additional 261 shares during the period. Foguth Wealth Management LLC. purchased a new stake in Cisco Systems during the fourth quarter valued at about $677,000. Finally, Triumph Capital Management bought a new position in Cisco Systems during the third quarter worth about $116,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $78.51 on Friday. The company has a 50 day moving average of $78.31 and a 200 day moving average of $74.72. The stock has a market cap of $310.11 billion, a P/E ratio of 27.55, a P/E/G ratio of 2.93 and a beta of 0.87. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $88.18. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45.

Cisco Systems (NASDAQ:CSCOGet Free Report) last posted its earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.02. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. The business had revenue of $15.35 billion for the quarter, compared to analysts’ expectations of $15.11 billion. During the same period in the prior year, the company posted $0.94 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Thursday, April 2nd will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.41. The ex-dividend date is Thursday, April 2nd. Cisco Systems’s dividend payout ratio (DPR) is 57.54%.

Insider Activity at Cisco Systems

In related news, SVP Maria Victoria Wong sold 551 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $77.54, for a total transaction of $42,724.54. Following the completion of the transaction, the senior vice president directly owned 27,957 shares in the company, valued at $2,167,785.78. The trade was a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Oliver Tuszik sold 3,132 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $79.74, for a total value of $249,745.68. Following the completion of the transaction, the executive vice president owned 188,613 shares in the company, valued at $15,040,000.62. This represents a 1.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 46,431 shares of company stock valued at $3,574,820 in the last ninety days. 0.01% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CSCO shares. Wall Street Zen lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Evercore raised shares of Cisco Systems from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $80.00 to $100.00 in a report on Monday, January 26th. Argus upgraded shares of Cisco Systems to a “strong-buy” rating in a research note on Friday, February 13th. HSBC boosted their target price on shares of Cisco Systems from $74.00 to $77.00 and gave the company a “hold” rating in a report on Friday, February 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cisco Systems in a report on Tuesday, January 27th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Cisco Systems presently has a consensus rating of “Moderate Buy” and an average target price of $89.55.

Check Out Our Latest Stock Analysis on Cisco Systems

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Cisco Systems Company Profile

(Free Report)

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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