Intellectus Partners LLC Has $1.81 Million Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Intellectus Partners LLC reduced its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 13.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,927 shares of the network equipment provider’s stock after selling 5,117 shares during the period. Intellectus Partners LLC’s holdings in Cisco Systems were worth $1,806,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Neumann Capital Management LLC increased its position in Cisco Systems by 1.0% during the third quarter. Neumann Capital Management LLC now owns 21,154 shares of the network equipment provider’s stock worth $1,126,000 after buying an additional 200 shares during the last quarter. Sargent Investment Group LLC increased its position in Cisco Systems by 3.9% in the 3rd quarter. Sargent Investment Group LLC now owns 5,436 shares of the network equipment provider’s stock worth $289,000 after buying an additional 205 shares during the period. Lifeworks Advisors LLC raised its stake in Cisco Systems by 16.5% during the 3rd quarter. Lifeworks Advisors LLC now owns 92,946 shares of the network equipment provider’s stock valued at $4,947,000 after purchasing an additional 13,167 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Cisco Systems by 7.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 106,428 shares of the network equipment provider’s stock valued at $5,664,000 after buying an additional 7,545 shares during the last quarter. Finally, Metis Global Partners LLC raised its holdings in Cisco Systems by 3.8% in the 3rd quarter. Metis Global Partners LLC now owns 253,287 shares of the network equipment provider’s stock valued at $13,480,000 after acquiring an additional 9,156 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CSCO. Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research note on Thursday, August 15th. Hsbc Global Res raised shares of Cisco Systems to a “strong-buy” rating in a research note on Friday, August 16th. Morgan Stanley lifted their price objective on Cisco Systems from $58.00 to $62.00 and gave the stock an “overweight” rating in a research report on Thursday. Piper Sandler lifted their target price on shares of Cisco Systems from $52.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Evercore ISI upped their price target on Cisco Systems from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Cisco Systems currently has an average rating of “Moderate Buy” and an average price target of $59.42.

Insider Transactions at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 1,328 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were 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 0.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Maria Victoria Wong sold 3,379 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $50.36, for a total transaction of $170,166.44. Following the sale, the senior vice president now owns 47,182 shares of the company’s stock, valued at $2,376,085.52. This trade represents a 6.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,924 shares of company stock worth $1,798,131 in the last ninety days. Insiders own 0.01% of the company’s stock.

Cisco Systems Price Performance

Shares of NASDAQ CSCO opened at $57.92 on Friday. The business has a 50-day moving average of $53.82 and a 200-day moving average of $49.64. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $59.38. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.91 and a quick ratio of 0.83. The stock has a market capitalization of $231.14 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 4.90 and a beta of 0.83.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. Cisco Systems had a return on equity of 25.62% and a net margin of 17.73%. The company had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter in the prior year, the firm posted $1.01 EPS. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 2.89 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.76%. Cisco Systems’s dividend payout ratio (DPR) is presently 68.67%.

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.