Sylvest Advisors LLC bought a new stake in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,954 shares of the network equipment provider’s stock, valued at approximately $944,000. Cisco Systems accounts for approximately 0.6% of Sylvest Advisors LLC’s investment portfolio, making the stock its 25th largest holding.
Several other large investors have also modified their holdings of the stock. SYM FINANCIAL Corp raised its holdings in Cisco Systems by 13.7% during the fourth quarter. SYM FINANCIAL Corp now owns 9,140 shares of the network equipment provider’s stock worth $541,000 after purchasing an additional 1,100 shares in the last quarter. Founders Capital Management LLC raised its stake in shares of Cisco Systems by 1.4% during the 4th quarter. Founders Capital Management LLC now owns 49,299 shares of the network equipment provider’s stock worth $2,919,000 after buying an additional 693 shares in the last quarter. Yoder Wealth Management Inc. acquired a new stake in shares of Cisco Systems in the 4th quarter valued at approximately $213,000. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Cisco Systems by 3.4% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 110,089 shares of the network equipment provider’s stock valued at $6,517,000 after buying an additional 3,661 shares in the last quarter. Finally, Abundance Wealth Counselors grew its holdings in Cisco Systems by 1.9% during the fourth quarter. Abundance Wealth Counselors now owns 50,423 shares of the network equipment provider’s stock worth $2,985,000 after acquiring an additional 963 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.
Insider Buying and Selling at Cisco Systems
In other Cisco Systems news, EVP Thimaya K. Subaiya sold 21,230 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $57.07, for a total transaction of $1,211,596.10. Following the transaction, the executive vice president now owns 213,834 shares of the company’s stock, valued at $12,203,506.38. This trade represents a 9.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Richard Scott Herren sold 86,351 shares of the business’s stock in a transaction on Friday, November 15th. The shares were 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 approximately $21,001,901.86. The trade was a 19.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 353,522 shares of company stock valued at $20,349,721 in the last three months. Corporate insiders own 0.01% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Stock Report on CSCO
Cisco Systems Stock Up 0.2 %
Shares of NASDAQ:CSCO opened at $60.60 on Friday. 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, Inc. has a 1 year low of $44.50 and a 1 year high of $62.31. The stock has a 50-day simple moving average of $59.44 and a 200-day simple moving average of $54.49. The stock has a market capitalization of $241.36 billion, a P/E ratio of 26.01, a PEG ratio of 4.43 and a beta of 0.84.
Cisco Systems (NASDAQ:CSCO – Get Free Report) last posted its earnings results 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. The business had revenue of $13.84 billion during the quarter, compared to analyst estimates of $13.78 billion. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 earnings per share. Equities 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 was paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Friday, January 3rd. Cisco Systems’s payout ratio is 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.
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