Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Occidental Asset Management LLC

Occidental Asset Management LLC reduced its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 20,492 shares of the network equipment provider’s stock after selling 595 shares during the quarter. Occidental Asset Management LLC’s holdings in Cisco Systems were worth $1,035,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CSCO. Kathleen S. Wright Associates Inc. acquired a new stake in Cisco Systems in the third quarter valued at approximately $27,000. Valued Wealth Advisors LLC acquired a new stake in Cisco Systems in the fourth quarter valued at approximately $32,000. Fortis Capital Advisors LLC acquired a new stake in Cisco Systems in the fourth quarter valued at approximately $34,000. Hibernia Wealth Partners LLC acquired a new stake in Cisco Systems in the third quarter valued at approximately $42,000. Finally, VitalStone Financial LLC acquired a new stake in shares of Cisco Systems in the second quarter worth $45,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 3,002 shares of Cisco Systems stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the sale, the executive vice president now directly owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the transaction, the senior vice president now directly owns 58,121 shares of the company’s stock, valued at $2,906,050. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the completion of the transaction, the executive vice president now directly owns 191,559 shares in the company, valued at $9,579,865.59. The disclosure for this sale can be found here. Insiders have sold a total of 19,441 shares of company stock worth $972,080 over the last 90 days. Insiders own 0.02% of the company’s stock.

Cisco Systems Price Performance

Shares of NASDAQ CSCO traded up $0.14 during mid-day trading on Friday, reaching $49.91. The company had a trading volume of 18,139,735 shares, compared to its average volume of 20,822,376. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.37. Cisco Systems, Inc. has a one year low of $45.56 and a one year high of $58.19. The firm has a market cap of $202.10 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 2.25 and a beta of 0.87. The business’s 50-day simple moving average is $49.75 and its 200 day simple moving average is $50.92.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The company had revenue of $12.79 billion for the quarter, compared to analysts’ expectations of $12.71 billion. During the same quarter last year, the business earned $0.76 earnings per share. Cisco Systems’s revenue was down 5.9% on a year-over-year basis. On average, research analysts predict that Cisco Systems, Inc. will post 3.16 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Wednesday, April 3rd. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s payout ratio is currently 47.42%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Melius Research restated a “hold” rating and issued a $55.00 price objective on shares of Cisco Systems in a research note on Monday, January 8th. Piper Sandler boosted their target price on shares of Cisco Systems from $47.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. Melius downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. UBS Group upped their price target on shares of Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Finally, Wells Fargo & Company initiated coverage on shares of Cisco Systems in a research report on Thursday, February 15th. They set an “equal weight” rating and a $52.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Cisco Systems currently has an average rating of “Hold” and an average target price of $56.42.

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.