Cisco Systems, Inc. (NASDAQ:CSCO) Shares Acquired by First National Corp MA ADV

First National Corp MA ADV grew its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,858 shares of the network equipment provider’s stock after purchasing an additional 1,057 shares during the period. First National Corp MA ADV’s holdings in Cisco Systems were worth $650,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Kathleen S. Wright Associates Inc. acquired a new position in shares of Cisco Systems in the third quarter valued at about $27,000. Valued Wealth Advisors LLC purchased a new stake in shares of Cisco Systems in the fourth quarter worth about $32,000. Fortis Capital Advisors LLC purchased a new stake in shares of Cisco Systems in the fourth quarter worth about $34,000. Hibernia Wealth Partners LLC purchased a new stake in shares of Cisco Systems in the third quarter worth about $42,000. Finally, VitalStone Financial LLC purchased a new stake in shares of Cisco Systems in the second quarter worth about $45,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cisco Systems

In related news, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the sale, the chief financial officer now owns 328,491 shares of the company’s stock, valued at $16,424,550. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, 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 completion of the sale, the senior vice president now owns 58,121 shares of the company’s stock, valued at $2,906,050. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the sale, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,441 shares of company stock valued at $972,080. 0.02% of the stock is currently owned by insiders.

Cisco Systems Price Performance

Shares of Cisco Systems stock opened at $49.80 on Thursday. The business has a 50 day simple moving average of $49.78 and a two-hundred day simple moving average of $50.94. Cisco Systems, Inc. has a 12 month low of $45.56 and a 12 month high of $58.19. The stock has a market capitalization of $201.65 billion, a P/E ratio of 15.14, a PEG ratio of 2.24 and a beta of 0.87. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $12.71 billion. During the same quarter in the prior year, the firm earned $0.76 earnings per share. The business’s revenue was down 5.9% compared to the same quarter last year. As a group, analysts predict that Cisco Systems, Inc. will post 3.16 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend 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 dividend payout ratio (DPR) is currently 47.42%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CSCO shares. Barclays upped their target price on Cisco Systems from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 15th. Piper Sandler upped their target price on Cisco Systems from $47.00 to $51.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 20th. Melius downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Melius Research restated a “hold” rating and issued a $55.00 target price on shares of Cisco Systems in a research note on Monday, January 8th. Finally, StockNews.com downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.42.

About Cisco Systems

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.