Investors Asset Management of Georgia Inc. GA ADV Sells 287 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Investors Asset Management of Georgia Inc. GA ADV reduced its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,810 shares of the network equipment provider’s stock after selling 287 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Cisco Systems were worth $1,824,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CSCO. FDx Advisors Inc. lifted its stake in shares of Cisco Systems by 26.8% in the 4th quarter. FDx Advisors Inc. now owns 9,096 shares of the network equipment provider’s stock valued at $538,000 after acquiring an additional 1,921 shares during the last quarter. Nicholson Wealth Management Group LLC boosted its stake in shares of Cisco Systems by 84.4% during the fourth quarter. Nicholson Wealth Management Group LLC now owns 27,034 shares of the network equipment provider’s stock valued at $1,600,000 after purchasing an additional 12,375 shares in the last quarter. Tandem Investment Advisors Inc. bought a new stake in shares of Cisco Systems during the fourth quarter worth about $204,000. Boston Financial Mangement LLC raised its holdings in Cisco Systems by 3.5% in the 4th quarter. Boston Financial Mangement LLC now owns 67,514 shares of the network equipment provider’s stock valued at $3,997,000 after buying an additional 2,253 shares during the last quarter. Finally, Advyzon Investment Management LLC acquired a new stake in Cisco Systems during the 4th quarter worth approximately $549,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Activity

In other news, CEO Charles Robbins sold 31,983 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $47,413,489.20. This represents a 4.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kristina M. Johnson sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $59.87, for a total transaction of $449,025.00. Following the sale, the director now owns 65,915 shares of the company’s stock, valued at approximately $3,946,331.05. The trade was a 10.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,921 shares of company stock valued at $4,298,667 over the last three months. Corporate insiders own 0.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CSCO shares. Citigroup raised their price target on shares of Cisco Systems from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. StockNews.com upgraded Cisco Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 14th. Piper Sandler raised their price objective on Cisco Systems from $57.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. UBS Group upped their target price on Cisco Systems from $62.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, The Goldman Sachs Group boosted their price target on shares of Cisco Systems from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.53.

Cisco Systems Stock Down 0.3 %

Shares of NASDAQ CSCO opened at $64.67 on Friday. 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, Inc. has a 1 year low of $44.50 and a 1 year high of $66.50. The stock has a market capitalization of $257.57 billion, a P/E ratio of 28.24, a P/E/G ratio of 4.16 and a beta of 0.84. The company has a 50-day moving average price of $60.55 and a 200-day moving average price of $56.01.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. On average, equities research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems announced that its Board of Directors has initiated a share buyback plan on Wednesday, February 12th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the network equipment provider to reacquire up to 6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Thursday, April 3rd. This is an increase from Cisco Systems’s previous quarterly dividend of $0.40. Cisco Systems’s payout ratio is presently 69.87%.

Cisco Systems 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.