Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Parkside Advisors LLC

Parkside Advisors LLC trimmed its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 17.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,321 shares of the network equipment provider’s stock after selling 2,238 shares during the period. Parkside Advisors LLC’s holdings in Cisco Systems were worth $611,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. City State Bank raised its holdings in shares of Cisco Systems by 12.2% in the fourth quarter. City State Bank now owns 4,365 shares of the network equipment provider’s stock worth $258,000 after acquiring an additional 474 shares during the last quarter. Trust Co. of Toledo NA OH boosted its position in shares of Cisco Systems by 7.0% in the fourth quarter. Trust Co. of Toledo NA OH now owns 122,807 shares of the network equipment provider’s stock worth $7,270,000 after acquiring an additional 8,008 shares during the last quarter. Fiduciary Alliance LLC grew its holdings in Cisco Systems by 85.3% in the fourth quarter. Fiduciary Alliance LLC now owns 20,434 shares of the network equipment provider’s stock valued at $1,210,000 after purchasing an additional 9,405 shares during the period. Winthrop Advisory Group LLC increased its position in Cisco Systems by 5.9% during the fourth quarter. Winthrop Advisory Group LLC now owns 9,223 shares of the network equipment provider’s stock worth $546,000 after purchasing an additional 513 shares during the last quarter. Finally, Matrix Trust Co raised its stake in Cisco Systems by 518.3% during the fourth quarter. Matrix Trust Co now owns 4,563 shares of the network equipment provider’s stock worth $270,000 after purchasing an additional 3,825 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Transactions at Cisco Systems

In other Cisco Systems news, CFO Richard Scott Herren sold 86,351 shares of Cisco Systems stock in a transaction on Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $4,964,318.99. Following the sale, the chief financial officer now owns 365,314 shares of the company’s stock, valued at $21,001,901.86. The trade was a 19.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles Robbins sold 171,744 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $9,873,562.56. Following the completion of the transaction, the chief executive officer now directly owns 783,786 shares of the company’s stock, valued at approximately $45,059,857.14. The trade was a 17.97 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 353,522 shares of company stock worth $20,349,721. 0.01% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CSCO. Piper Sandler upped their price objective on Cisco Systems from $52.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Tigress Financial increased their target price on shares of Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. raised shares of Cisco Systems from a “neutral” rating to an “overweight” rating and raised their target price for the company from $55.00 to $66.00 in a research note on Monday, November 11th. Bank of America upped their price target on shares of Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, UBS Group boosted their price objective on Cisco Systems from $55.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Cisco Systems presently has an average rating of “Moderate Buy” and an average target price of $61.28.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO traded down $0.12 during trading on Monday, reaching $58.62. The stock had a trading volume of 5,527,424 shares, compared to its average volume of 15,250,456. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. The stock has a market cap of $233.47 billion, a PE ratio of 25.16, a P/E/G ratio of 4.37 and a beta of 0.84. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $60.23. The firm’s 50 day moving average price is $58.67 and its two-hundred day moving average price is $53.18.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The company had revenue of $13.84 billion for the quarter, compared to analysts’ expectations of $13.78 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The firm’s revenue was down 5.6% compared to the same quarter last year. On average, research analysts forecast that Cisco Systems, Inc. will post 2.97 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, January 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 68.67%.

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.