Gratus Wealth Advisors LLC Reduces Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Gratus Wealth Advisors LLC decreased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 36.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,324 shares of the network equipment provider’s stock after selling 2,533 shares during the period. Gratus Wealth Advisors LLC’s holdings in Cisco Systems were worth $227,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hancock Whitney Corp increased its holdings in Cisco Systems by 0.6% during the 4th quarter. Hancock Whitney Corp now owns 320,810 shares of the network equipment provider’s stock valued at $16,207,000 after purchasing an additional 1,884 shares during the period. Vista Investment Management increased its stake in shares of Cisco Systems by 7.7% during the fourth quarter. Vista Investment Management now owns 32,083 shares of the network equipment provider’s stock valued at $1,621,000 after buying an additional 2,284 shares during the period. Ethic Inc. increased its stake in shares of Cisco Systems by 5.5% during the fourth quarter. Ethic Inc. now owns 486,034 shares of the network equipment provider’s stock valued at $24,554,000 after buying an additional 25,174 shares during the period. Jacobi Capital Management LLC lifted its stake in Cisco Systems by 2.3% in the fourth quarter. Jacobi Capital Management LLC now owns 83,821 shares of the network equipment provider’s stock worth $4,235,000 after acquiring an additional 1,867 shares during the period. Finally, Caxton Associates LP lifted its stake in Cisco Systems by 642.8% in the fourth quarter. Caxton Associates LP now owns 40,759 shares of the network equipment provider’s stock worth $2,059,000 after acquiring an additional 35,272 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cisco Systems

In related news, SVP Maria Victoria Wong sold 3,379 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $50.36, for a total value of $170,166.44. Following the sale, the senior vice president now owns 47,182 shares in the company, valued at approximately $2,376,085.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Cisco Systems news, CEO Charles Robbins sold 27,143 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $49.45, for a total transaction of $1,342,221.35. Following the completion of the sale, the chief executive officer now directly owns 683,403 shares in the company, valued at $33,794,278.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Maria Victoria Wong sold 3,379 shares of the 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 completion of the transaction, the senior vice president now owns 47,182 shares in the company, valued at $2,376,085.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,529 shares of company stock worth $3,509,049. Company insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CSCO. Hsbc Global Res upgraded shares of Cisco Systems to a “strong-buy” rating in a report on Friday, August 16th. Barclays lowered their price objective on shares of Cisco Systems from $50.00 to $49.00 and set an “equal weight” rating for the company in a report on Thursday, August 15th. Piper Sandler reiterated a “neutral” rating and set a $52.00 target price on shares of Cisco Systems in a report on Thursday, August 15th. Jefferies Financial Group lowered their target price on Cisco Systems from $56.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, New Street Research upgraded Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cisco Systems presently has an average rating of “Hold” and an average price target of $55.00.

Cisco Systems Trading Up 0.4 %

NASDAQ:CSCO opened at $52.73 on Wednesday. The stock has a market cap of $212.44 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 4.11 and a beta of 0.83. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average price is $49.67 and its 200-day moving average price is $48.28. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $54.58.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results 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 27.83% and a net margin of 19.18%. The business had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $13.53 billion. During the same period last year, the business posted $1.01 EPS. The company’s revenue was down 10.3% compared to the same quarter last year. On average, equities research analysts forecast that Cisco Systems, Inc. will post 2.9 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Wednesday, October 2nd. Cisco Systems’s dividend payout ratio (DPR) is 53.87%.

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.