Vision Capital Management Inc. Has $349,000 Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Vision Capital Management Inc. cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 71.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,892 shares of the network equipment provider’s stock after selling 15,080 shares during the period. Vision Capital Management Inc.’s holdings in Cisco Systems were worth $349,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CSCO. Czech National Bank lifted its position in Cisco Systems by 6.4% during the third quarter. Czech National Bank now owns 820,712 shares of the network equipment provider’s stock worth $43,678,000 after purchasing an additional 49,100 shares during the period. Miracle Mile Advisors LLC lifted its position in Cisco Systems by 13.7% during the third quarter. Miracle Mile Advisors LLC now owns 12,436 shares of the network equipment provider’s stock worth $662,000 after purchasing an additional 1,503 shares during the period. Atomi Financial Group Inc. lifted its position in Cisco Systems by 34.8% during the third quarter. Atomi Financial Group Inc. now owns 21,740 shares of the network equipment provider’s stock worth $1,157,000 after purchasing an additional 5,614 shares during the period. Talbot Financial LLC lifted its position in Cisco Systems by 1.9% during the third quarter. Talbot Financial LLC now owns 189,836 shares of the network equipment provider’s stock worth $10,103,000 after purchasing an additional 3,465 shares during the period. Finally, Hoxton Planning & Management LLC lifted its position in Cisco Systems by 34.7% during the third quarter. Hoxton Planning & Management LLC now owns 8,551 shares of the network equipment provider’s stock worth $455,000 after purchasing an additional 2,205 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Maria Victoria Wong sold 586 shares of Cisco Systems stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $58.69, for a total value of $34,392.34. Following the completion of the sale, the senior vice president now owns 50,767 shares of the company’s stock, valued at approximately $2,979,515.23. This trade represents a 1.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Charles Robbins sold 171,744 shares of Cisco Systems stock in a transaction on Friday, November 15th. The shares were sold at an average price of $57.49, for a total transaction of $9,873,562.56. Following the completion of the sale, 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. Insiders sold 353,522 shares of company stock worth $20,349,721 in the last quarter. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $62.57 on Thursday. The company has a fifty day moving average of $59.52 and a 200-day moving average of $54.77. The firm has a market capitalization of $249.20 billion, a P/E ratio of 26.85, a P/E/G ratio of 4.51 and a beta of 0.84. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $62.71.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. The company had revenue of $13.84 billion during the quarter, compared to analyst estimates of $13.78 billion. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. Cisco Systems’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 EPS. As a group, sell-side analysts anticipate that Cisco Systems, Inc. will post 2.97 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.56%. Cisco Systems’s dividend payout ratio is currently 68.67%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CSCO. StockNews.com raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Melius raised shares of Cisco Systems from a “hold” rating to a “buy” rating and increased their target price for the stock from $66.00 to $73.00 in a report on Monday, January 6th. Melius Research raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Bank of America increased their target price on shares of Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Piper Sandler increased 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, November 14th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.72.

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.