Cisco Systems, Inc. (NASDAQ:CSCO) Shares Purchased by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV grew its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,217 shares of the network equipment provider’s stock after acquiring an additional 583 shares during the quarter. Cisco Systems comprises approximately 1.6% of Advisors Management Group Inc. ADV’s portfolio, making the stock its 19th biggest position. Advisors Management Group Inc. ADV’s holdings in Cisco Systems were worth $6,877,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CSCO. Graypoint LLC increased its stake in shares of Cisco Systems by 9.9% during the 3rd quarter. Graypoint LLC now owns 42,129 shares of the network equipment provider’s stock worth $2,242,000 after purchasing an additional 3,791 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC acquired a new position in shares of Cisco Systems in the 3rd quarter valued at approximately $486,000. M&G PLC lifted its position in shares of Cisco Systems by 5.2% during the third quarter. M&G PLC now owns 951,247 shares of the network equipment provider’s stock worth $50,416,000 after purchasing an additional 47,424 shares during the last quarter. Spinnaker Trust raised its stake in Cisco Systems by 3.8% during the third quarter. Spinnaker Trust now owns 80,389 shares of the network equipment provider’s stock worth $4,278,000 after acquiring an additional 2,906 shares during the period. Finally, American Capital Advisory LLC raised its stake in shares of Cisco Systems by 4.2% during the third quarter. American Capital Advisory LLC now owns 40,802 shares of the network equipment provider’s stock valued at $2,171,000 after purchasing an additional 1,640 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CSCO has been the subject of a number of analyst reports. Rosenblatt Securities upped their price objective on shares of Cisco Systems from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. boosted their target price on Cisco Systems from $53.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, August 8th. Despite investors’ hopes for a rebound in Networking Equipment demand to boost Cisco’s fourth-quarter 2024 performance, the anticipation is tempered by limited indications of a significant recovery in demand. HSBC upgraded Cisco Systems from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $46.00 to $58.00 in a research report on Friday, August 16th. New Street Research upgraded Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Thursday, August 15th. Finally, Jefferies Financial Group dropped their price target on Cisco Systems from $56.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Thirteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $56.74.

Cisco Systems Price Performance

Cisco Systems stock opened at $57.87 on Thursday. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $58.08. The stock has a fifty day moving average of $53.00 and a 200-day moving average of $49.27. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.83 and a current ratio of 0.91. The stock has a market capitalization of $230.94 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 4.60 and a beta of 0.83.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. Cisco Systems had a return on equity of 27.83% and a net margin of 19.18%. The firm had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $13.53 billion. During the same period in the prior year, the business earned $1.01 EPS. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year. On average, sell-side analysts expect that Cisco Systems, Inc. will post 2.89 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd were paid a $0.40 dividend. The ex-dividend date was Wednesday, October 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.76%. Cisco Systems’s payout ratio is presently 62.99%.

Insider Transactions at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 1,328 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $48.92, for a total value of $64,965.76. Following the transaction, the executive vice president now owns 132,910 shares in the company, valued at approximately $6,501,957.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Maria Victoria Wong sold 638 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $49.09, for a total transaction of $31,319.42. Following the sale, the senior vice president now directly owns 46,017 shares in the company, valued at $2,258,974.53. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Thimaya K. Subaiya sold 1,328 shares of Cisco Systems stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $48.92, for a total transaction of $64,965.76. Following the sale, the executive vice president now directly owns 132,910 shares of the company’s stock, valued at $6,501,957.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,529 shares of company stock worth $3,509,049 in the last ninety days. Company insiders own 0.01% of the company’s stock.

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.