FSA Advisors Inc. Takes $4.43 Million Position in Cisco Systems, Inc. $CSCO

FSA Advisors Inc. bought a new stake in Cisco Systems, Inc. (NASDAQ:CSCOFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 57,517 shares of the network equipment provider’s stock, valued at approximately $4,431,000.

Other institutional investors have also modified their holdings of the company. Marquette Asset Management LLC acquired a new position in shares of Cisco Systems in the 3rd quarter valued at $25,000. Board of the Pension Protection Fund acquired a new position in shares of Cisco Systems in the 4th quarter valued at $31,000. EQ Wealth Advisors LLC acquired a new position in shares of Cisco Systems in the 4th quarter valued at $31,000. Cedar Mountain Advisors LLC increased its holdings in shares of Cisco Systems by 115.7% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 468 shares of the network equipment provider’s stock valued at $32,000 after acquiring an additional 251 shares during the period. Finally, Joseph Group Capital Management acquired a new position in shares of Cisco Systems in the 4th quarter valued at $38,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Price Performance

Shares of NASDAQ CSCO opened at $91.85 on Monday. The firm has a market capitalization of $362.80 billion, a P/E ratio of 32.23, a PEG ratio of 3.46 and a beta of 0.92. Cisco Systems, Inc. has a one year low of $58.58 and a one year high of $92.92. The company’s fifty day moving average is $81.46 and its two-hundred day moving average is $78.07. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 0.96.

Cisco Systems (NASDAQ:CSCOGet Free Report) last issued its earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.02 by $0.02. The company had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.11 billion. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. Analysts forecast that Cisco Systems, Inc. will post 3.4 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Thursday, April 2nd were issued a dividend of $0.42 per share. This is an increase from Cisco Systems’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, April 2nd. This represents a $1.68 annualized dividend and a yield of 1.8%. Cisco Systems’s payout ratio is 58.95%.

Cisco Systems News Summary

Here are the key news stories impacting Cisco Systems this week:

Insider Activity

In other Cisco Systems news, EVP Oliver Tuszik sold 3,132 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $79.74, for a total transaction of $249,745.68. Following the completion of the transaction, the executive vice president directly owned 188,613 shares in the company, valued at approximately $15,040,000.62. This trade represents a 1.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeetendra I. Patel sold 11,248 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $76.00, for a total transaction of $854,848.00. Following the transaction, the insider owned 262,776 shares of the company’s stock, valued at $19,970,976. This trade represents a 4.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 46,431 shares of company stock worth $3,574,820 in the last three months. Company insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. CICC Research boosted their price objective on shares of Cisco Systems from $84.00 to $96.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Argus raised shares of Cisco Systems to a “strong-buy” rating in a research note on Friday, February 13th. Zacks Research cut shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Truist Financial assumed coverage on shares of Cisco Systems in a research note on Tuesday, March 31st. They issued a “buy” rating and a $94.00 price objective on the stock. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Cisco Systems in a research note on Friday, April 24th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Cisco Systems currently has an average rating of “Moderate Buy” and a consensus target price of $89.81.

View Our Latest Stock Report on CSCO

Cisco Systems Profile

(Free Report)

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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