Great Valley Advisor Group Inc. Raises Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Great Valley Advisor Group Inc. increased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 21.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,710 shares of the network equipment provider’s stock after purchasing an additional 32,548 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Cisco Systems were worth $9,382,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CSCO. Townsend Asset Management Corp NC ADV acquired a new stake in shares of Cisco Systems during the 3rd quarter valued at about $202,000. Fulton Breakefield Broenniman LLC grew its position in shares of Cisco Systems by 37.1% during the 3rd quarter. Fulton Breakefield Broenniman LLC now owns 15,420 shares of the network equipment provider’s stock valued at $829,000 after acquiring an additional 4,170 shares during the period. Bill Few Associates Inc. grew its position in shares of Cisco Systems by 2.8% during the 3rd quarter. Bill Few Associates Inc. now owns 13,947 shares of the network equipment provider’s stock valued at $750,000 after acquiring an additional 377 shares during the period. Lodestone Wealth Management LLC grew its position in shares of Cisco Systems by 0.6% during the 3rd quarter. Lodestone Wealth Management LLC now owns 36,587 shares of the network equipment provider’s stock valued at $1,967,000 after acquiring an additional 205 shares during the period. Finally, Brookstone Capital Management grew its position in shares of Cisco Systems by 29.9% during the 3rd quarter. Brookstone Capital Management now owns 41,196 shares of the network equipment provider’s stock valued at $2,197,000 after acquiring an additional 9,481 shares during the period. Institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling

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

Cisco Systems Stock Down 0.3 %

Shares of Cisco Systems stock traded down $0.14 during trading hours on Wednesday, reaching $46.84. 18,260,816 shares of the company were exchanged, compared to its average volume of 19,235,400. Cisco Systems, Inc. has a 1 year low of $45.56 and a 1 year high of $58.19. The stock’s fifty day moving average is $48.90 and its 200 day moving average is $49.92. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.37. The firm has a market cap of $189.66 billion, a PE ratio of 14.28, a PEG ratio of 2.76 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share 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 business had revenue of $12.79 billion for the quarter, compared to analyst estimates of $12.71 billion. During the same quarter in the prior year, the company earned $0.76 earnings per share. The company’s revenue was down 5.9% on a year-over-year basis. As a group, equities research analysts forecast that Cisco Systems, Inc. will post 3.13 earnings per share for the current year.

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Thursday, April 4th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.42%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s payout ratio is presently 48.63%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Cisco Systems in a report on Monday, April 22nd. They issued a “neutral” rating and a $53.00 price objective on the stock. Morgan Stanley assumed coverage on Cisco Systems in a report on Tuesday, April 9th. They issued an “overweight” rating and a $58.00 price objective on the stock. Citigroup assumed coverage on Cisco Systems in a report on Friday, April 12th. They issued a “neutral” rating and a $52.00 price objective on the stock. Barclays lifted their price objective on Cisco Systems from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Finally, Piper Sandler lifted their price objective on Cisco Systems from $47.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, March 20th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $55.53.

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.