AdvisorShares Investments LLC Makes New $539,000 Investment in Cisco Systems, Inc. (NASDAQ:CSCO)

AdvisorShares Investments LLC acquired a new position in Cisco Systems, Inc. (NASDAQ:CSCO) during the 4th quarter, Holdings Channel reports. The fund acquired 9,100 shares of the network equipment provider’s stock, valued at approximately $539,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Advisory Resource Group boosted its holdings in Cisco Systems by 1.9% in the 3rd quarter. Advisory Resource Group now owns 97,718 shares of the network equipment provider’s stock worth $5,201,000 after acquiring an additional 1,784 shares during the period. Morse Asset Management Inc acquired a new stake in shares of Cisco Systems in the 3rd quarter worth approximately $798,000. SkyView Investment Advisors LLC lifted its stake in shares of Cisco Systems by 4.5% in the 3rd quarter. SkyView Investment Advisors LLC now owns 10,188 shares of the network equipment provider’s stock worth $542,000 after acquiring an additional 440 shares during the period. Tudor Financial Inc. acquired a new stake in Cisco Systems during the third quarter valued at approximately $1,097,000. Finally, World Investment Advisors LLC raised its holdings in shares of Cisco Systems by 13.9% during the third quarter. World Investment Advisors LLC now owns 137,503 shares of the network equipment provider’s stock valued at $7,318,000 after acquiring an additional 16,749 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Citigroup reduced their price target on Cisco Systems from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Piper Sandler dropped their price objective on Cisco Systems from $72.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. StockNews.com lowered Cisco Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 5th. UBS Group upped their price target on Cisco Systems from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, DZ Bank upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $65.05.

Cisco Systems Price Performance

Cisco Systems stock opened at $56.84 on Tuesday. The firm has a 50-day moving average price of $59.67 and a 200-day moving average price of $59.29. The firm has a market capitalization of $226.13 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 4.16 and a beta of 0.86. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $66.50.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.14). Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. As a group, equities research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd were given a dividend of $0.41 per share. This is an increase from Cisco Systems’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 2.89%. The ex-dividend date was Thursday, April 3rd. Cisco Systems’s dividend payout ratio (DPR) is currently 71.62%.

Cisco Systems declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 12th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the network equipment provider to repurchase up to 6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Activity

In related news, EVP Thimaya K. Subaiya sold 2,065 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $60.70, for a total value of $125,345.50. Following the completion of the transaction, the executive vice president now directly owns 191,184 shares in the company, valued at approximately $11,604,868.80. This represents a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Maria Victoria Wong sold 762 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $60.99, for a total value of $46,474.38. Following the transaction, the senior vice president now owns 44,155 shares of the company’s stock, valued at approximately $2,693,013.45. This represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,547 shares of company stock worth $4,275,553 in the last ninety days. Company insiders own 0.01% of the company’s stock.

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.