Alpha Cubed Investments LLC Reduces Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Alpha Cubed Investments LLC reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 414,010 shares of the network equipment provider’s stock after selling 11,128 shares during the period. Cisco Systems makes up about 1.1% of Alpha Cubed Investments LLC’s holdings, making the stock its 27th largest holding. Alpha Cubed Investments LLC’s holdings in Cisco Systems were worth $24,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clear Harbor Asset Management LLC lifted its stake in Cisco Systems by 11.6% in the 4th quarter. Clear Harbor Asset Management LLC now owns 13,301 shares of the network equipment provider’s stock worth $787,000 after purchasing an additional 1,385 shares in the last quarter. Perpetual Ltd grew its position in Cisco Systems by 4.5% during the fourth quarter. Perpetual Ltd now owns 38,721 shares of the network equipment provider’s stock worth $2,292,000 after buying an additional 1,670 shares in the last quarter. Charles Schwab Trust Co increased its stake in Cisco Systems by 7.1% in the 4th quarter. Charles Schwab Trust Co now owns 5,497 shares of the network equipment provider’s stock worth $325,000 after acquiring an additional 364 shares during the last quarter. Aspiriant LLC raised its holdings in shares of Cisco Systems by 2.7% in the 4th quarter. Aspiriant LLC now owns 21,547 shares of the network equipment provider’s stock valued at $1,276,000 after acquiring an additional 567 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in shares of Cisco Systems by 8.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 767,790 shares of the network equipment provider’s stock valued at $45,453,000 after acquiring an additional 58,772 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Trading Up 0.7 %

NASDAQ CSCO opened at $60.23 on Tuesday. The stock has a market cap of $239.88 billion, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 4.48 and a beta of 0.84. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $60.95. The stock has a 50 day simple moving average of $58.94 and a two-hundred day simple moving average of $53.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, beating 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 business had revenue of $13.84 billion for the quarter, compared to the consensus estimate of $13.78 billion. During the same period in the previous year, the firm earned $0.98 EPS. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, analysts forecast that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Friday, January 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 68.67%.

Analyst Upgrades and Downgrades

CSCO has been the topic of several research analyst reports. StockNews.com upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Tigress Financial raised their price objective on shares of Cisco Systems from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Melius Research upgraded shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Melius upgraded Cisco Systems from a “hold” rating to a “buy” rating and raised their price target for the company from $66.00 to $73.00 in a research report on Monday, January 6th. Finally, 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. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.50.

Insider Transactions at Cisco Systems

In related news, SVP Maria Victoria Wong sold 586 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $58.69, for a total transaction of $34,392.34. Following the sale, the senior vice president now directly owns 50,767 shares of the company’s stock, valued at $2,979,515.23. This trade represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Charles Robbins sold 171,744 shares of the business’s stock in a transaction dated 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. This trade represents a 17.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 353,522 shares of company stock valued at $20,349,721 in the last three months. 0.01% of the stock is currently owned by company insiders.

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.