New England Professional Planning Group Inc. Sells 474 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

New England Professional Planning Group Inc. decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 6.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,845 shares of the network equipment provider’s stock after selling 474 shares during the quarter. Cisco Systems comprises approximately 0.2% of New England Professional Planning Group Inc.’s portfolio, making the stock its 23rd biggest holding. New England Professional Planning Group Inc.’s holdings in Cisco Systems were worth $364,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Baird Financial Group Inc. increased its holdings in shares of Cisco Systems by 1.3% in the fourth quarter. Baird Financial Group Inc. now owns 5,939,693 shares of the network equipment provider’s stock worth $300,073,000 after purchasing an additional 76,568 shares during the period. Bridgeway Capital Management LLC increased its holdings in shares of Cisco Systems by 64.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 373,593 shares of the network equipment provider’s stock worth $18,874,000 after purchasing an additional 147,017 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in Cisco Systems by 1,096.2% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,906,676 shares of the network equipment provider’s stock worth $146,845,000 after acquiring an additional 2,663,676 shares in the last quarter. Guardian Wealth Advisors LLC NC grew its position in Cisco Systems by 11.7% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 17,314 shares of the network equipment provider’s stock worth $875,000 after acquiring an additional 1,814 shares in the last quarter. Finally, Groupama Asset Managment purchased a new position in Cisco Systems in the fourth quarter worth $9,824,000. Institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling

In related news, SVP Maria Victoria Wong sold 638 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $49.09, for a total value of $31,319.42. Following the completion of the transaction, the senior vice president now directly owns 46,017 shares of the company’s stock, valued at $2,258,974.53. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Cisco Systems news, SVP Maria Victoria Wong sold 638 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $49.09, for a total transaction of $31,319.42. Following the completion of the transaction, the senior vice president now owns 46,017 shares of the company’s stock, valued at approximately $2,258,974.53. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thimaya K. Subaiya sold 1,328 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $48.92, for a total transaction of $64,965.76. Following the transaction, the executive vice president now directly owns 132,910 shares of the company’s stock, valued at $6,501,957.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,529 shares of company stock valued at $3,509,049 over the last three months. Corporate insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CSCO. HSBC upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and upped their target price for the stock from $46.00 to $58.00 in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Cisco Systems from $52.00 to $53.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Hsbc Global Res upgraded shares of Cisco Systems to a “strong-buy” rating in a research report on Friday, August 16th. Evercore ISI upped their target price on shares of Cisco Systems from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Finally, Piper Sandler restated a “neutral” rating and set a $52.00 price target on shares of Cisco Systems in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $55.00.

Cisco Systems Trading Up 1.2 %

Shares of NASDAQ:CSCO traded up $0.65 during midday trading on Friday, hitting $54.19. 2,913,768 shares of the stock traded hands, compared to its average volume of 19,111,580. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $54.58. The stock has a market capitalization of $216.26 billion, a PE ratio of 21.08, a P/E/G ratio of 4.22 and a beta of 0.83. The business’s 50 day moving average is $49.99 and its two-hundred day moving average is $48.37. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The company had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same period in the prior year, the firm earned $1.01 earnings per share. Cisco Systems’s revenue was down 10.3% on a year-over-year basis. As a group, research analysts forecast that Cisco Systems, Inc. will post 2.9 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Wednesday, October 2nd. Cisco Systems’s payout ratio is currently 62.99%.

About Cisco Systems

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.