Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by Aviance Capital Partners LLC

Aviance Capital Partners LLC raised its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,705 shares of the network equipment provider’s stock after purchasing an additional 2,781 shares during the quarter. Cisco Systems comprises approximately 0.7% of Aviance Capital Partners LLC’s holdings, making the stock its 29th biggest holding. Aviance Capital Partners LLC’s holdings in Cisco Systems were worth $5,370,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Swedbank AB lifted its holdings in shares of Cisco Systems by 0.6% during the 3rd quarter. Swedbank AB now owns 9,029,594 shares of the network equipment provider’s stock valued at $480,555,000 after acquiring an additional 52,711 shares in the last quarter. M&G PLC raised its stake in shares of Cisco Systems by 5.2% in the 3rd quarter. M&G PLC now owns 951,247 shares of the network equipment provider’s stock valued at $50,416,000 after purchasing an additional 47,424 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC acquired a new stake in shares of Cisco Systems in the 3rd quarter valued at about $486,000. Graypoint LLC raised its stake in shares of Cisco Systems by 9.9% in the 3rd quarter. Graypoint LLC now owns 42,129 shares of the network equipment provider’s stock valued at $2,242,000 after purchasing an additional 3,791 shares in the last quarter. Finally, Advisors Management Group Inc. ADV raised its stake in shares of Cisco Systems by 0.5% in the 3rd quarter. Advisors Management Group Inc. ADV now owns 129,217 shares of the network equipment provider’s stock valued at $6,877,000 after purchasing an additional 583 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Activity at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 31,983 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $64.41, for a total value of $2,060,025.03. Following the completion of the sale, the chief executive officer now owns 736,120 shares in the company, valued at $47,413,489.20. This represents a 4.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thimaya K. Subaiya sold 3,042 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $59.19, for a total transaction of $180,055.98. Following the completion of the sale, the executive vice president now owns 207,798 shares of the company’s stock, valued at approximately $12,299,563.62. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,348 shares of company stock worth $4,318,181. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Trading Down 0.9 %

Shares of NASDAQ:CSCO opened at $63.41 on Friday. The stock has a market capitalization of $252.26 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 4.16 and a beta of 0.79. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $66.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87. The company has a 50 day moving average price of $61.54 and a 200 day moving average price of $57.25.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. On average, research analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems declared that its board has initiated a share repurchase plan on Wednesday, February 12th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the network equipment provider to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Cisco Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, April 3rd. This is an increase from Cisco Systems’s previous quarterly dividend of $0.40. Cisco Systems’s dividend payout ratio is 71.62%.

Analysts Set New Price Targets

CSCO has been the topic of several research reports. DZ Bank upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Wells Fargo & Company reiterated an “equal weight” rating on shares of Cisco Systems in a research note on Thursday. Melius Research upgraded shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Barclays reiterated an “equal weight” rating on shares of Cisco Systems in a research note on Thursday. Finally, Piper Sandler reiterated a “neutral” rating on shares of Cisco Systems in a research note on Thursday. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and a consensus price target of $66.63.

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.