Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by M. Kulyk & Associates LLC

M. Kulyk & Associates LLC decreased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 209,223 shares of the network equipment provider’s stock after selling 17,886 shares during the quarter. Cisco Systems accounts for about 2.7% of M. Kulyk & Associates LLC’s holdings, making the stock its 9th biggest holding. M. Kulyk & Associates LLC’s holdings in Cisco Systems were worth $12,386,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new position in shares of Cisco Systems in the fourth quarter valued at approximately $26,000. Highline Wealth Partners LLC boosted its stake in shares of Cisco Systems by 76.7% in the fourth quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider’s stock valued at $35,000 after purchasing an additional 260 shares during the period. Synergy Investment Management LLC purchased a new position in shares of Cisco Systems in the fourth quarter valued at approximately $36,000. RPg Family Wealth Advisory LLC purchased a new position in Cisco Systems in the third quarter worth approximately $40,000. Finally, Decker Retirement Planning Inc. purchased a new position in Cisco Systems in the fourth quarter worth approximately $49,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CSCO shares. Piper Sandler reiterated a “neutral” rating on shares of Cisco Systems in a research note on Thursday. Citigroup reiterated an “overweight” rating on shares of Cisco Systems in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Cisco Systems from $69.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. The Goldman Sachs Group lifted their price target on shares of Cisco Systems from $56.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, DZ Bank upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.63.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 3,042 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $59.19, for a total value of $180,055.98. Following the transaction, the executive vice president now directly owns 207,798 shares of the company’s stock, valued at approximately $12,299,563.62. The trade was a 1.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Charles Robbins sold 31,983 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the completion of the transaction, the chief executive officer now directly owns 736,120 shares in the company, valued at $47,413,489.20. This represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,348 shares of company stock valued at $4,318,181. 0.01% of the stock is owned by company insiders.

Cisco Systems Stock Performance

Shares of Cisco Systems stock opened at $63.94 on Friday. The firm’s fifty day simple moving average is $61.63 and its 200-day simple moving average is $57.39. The stock has a market capitalization of $254.37 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 4.16 and a beta of 0.79. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $66.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 EPS 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 analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be paid a $0.41 dividend. This is a boost from Cisco Systems’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, April 3rd. Cisco Systems’s payout ratio is currently 71.62%.

Cisco Systems announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 12th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the network equipment provider to purchase up to 6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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.