Fiducient Advisors LLC Has $228,000 Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Fiducient Advisors LLC lowered its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 45.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,288 shares of the network equipment provider’s stock after selling 3,584 shares during the quarter. Fiducient Advisors LLC’s holdings in Cisco Systems were worth $228,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC grew its position in Cisco Systems by 150.3% during the 3rd quarter. JFS Wealth Advisors LLC now owns 19,872 shares of the network equipment provider’s stock worth $1,058,000 after acquiring an additional 11,934 shares during the last quarter. Diversify Wealth Management LLC grew its holdings in shares of Cisco Systems by 5.1% during the third quarter. Diversify Wealth Management LLC now owns 55,823 shares of the network equipment provider’s stock worth $3,142,000 after purchasing an additional 2,732 shares during the last quarter. Pinnacle Associates Ltd. increased its stake in shares of Cisco Systems by 7.9% in the third quarter. Pinnacle Associates Ltd. now owns 797,674 shares of the network equipment provider’s stock valued at $40,298,000 after buying an additional 58,561 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of Cisco Systems by 22.5% in the third quarter. First Trust Direct Indexing L.P. now owns 149,701 shares of the network equipment provider’s stock valued at $7,967,000 after buying an additional 27,510 shares during the last quarter. Finally, Pathway Financial Advisers LLC grew its stake in Cisco Systems by 5,231.5% in the third quarter. Pathway Financial Advisers LLC now owns 4,935,107 shares of the network equipment provider’s stock valued at $262,646,000 after acquiring an additional 4,842,542 shares during the period. 73.33% of the stock is owned by institutional investors.

Cisco Systems Trading Down 0.2 %

CSCO opened at $55.59 on Thursday. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $57.06. The stock has a market cap of $221.84 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 4.22 and a beta of 0.83. The stock’s 50 day moving average price is $52.44 and its 200-day moving average price is $49.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.83 and a current ratio of 0.91.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $13.53 billion. During the same period in the prior year, the business earned $1.01 EPS. The firm’s quarterly revenue was down 10.3% on a year-over-year basis. On average, equities analysts forecast that Cisco Systems, Inc. will post 2.9 EPS for the current year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Wednesday, October 2nd. Cisco Systems’s dividend payout ratio is currently 62.99%.

Insider Transactions at Cisco Systems

In other news, CEO Charles Robbins sold 27,143 shares of Cisco Systems stock in a transaction on Friday, August 16th. The shares were 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 approximately $33,794,278.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Cisco Systems news, EVP Thimaya K. Subaiya sold 8,270 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $50.33, for a total transaction of $416,229.10. Following the completion of the transaction, the executive vice president now directly owns 135,544 shares in the company, valued at approximately $6,821,929.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Charles Robbins sold 27,143 shares of the company’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 transaction, the chief executive officer now owns 683,403 shares of the company’s stock, valued at approximately $33,794,278.35. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,529 shares of company stock valued at $3,509,049. Corporate insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on CSCO shares. Hsbc Global Res upgraded Cisco Systems to a “strong-buy” rating in a research note on Friday, August 16th. Tigress Financial increased their price target on shares of Cisco Systems from $76.00 to $78.00 and gave the company a “buy” rating in a report on Monday, October 14th. Rosenblatt Securities boosted their price target on Cisco Systems from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. New Street Research raised Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price target for the company in a report on Thursday, August 15th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $52.00 price target on shares of Cisco Systems in a research note on Thursday, August 15th. Twelve analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.74.

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.