McGlone Suttner Wealth Management Inc. Cuts Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

McGlone Suttner Wealth Management Inc. lowered its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,764 shares of the network equipment provider’s stock after selling 217 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Cisco Systems were worth $847,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CSCO. Moneta Group Investment Advisors LLC increased its stake in shares of Cisco Systems by 112,307.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 59,519,500 shares of the network equipment provider’s stock valued at $2,835,509,000 after buying an additional 59,466,550 shares during the period. Norges Bank bought a new stake in Cisco Systems during the fourth quarter valued at about $2,028,781,000. Morgan Stanley boosted its position in Cisco Systems by 17.4% during the fourth quarter. Morgan Stanley now owns 61,788,267 shares of the network equipment provider’s stock valued at $2,943,593,000 after purchasing an additional 9,160,347 shares in the last quarter. Barclays PLC boosted its position in Cisco Systems by 83.6% during the second quarter. Barclays PLC now owns 14,544,909 shares of the network equipment provider’s stock valued at $752,554,000 after purchasing an additional 6,621,125 shares in the last quarter. Finally, State Street Corp boosted its position in Cisco Systems by 2.2% during the first quarter. State Street Corp now owns 184,879,450 shares of the network equipment provider’s stock valued at $9,664,544,000 after purchasing an additional 4,061,022 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Activity at Cisco Systems

In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the sale, the chief financial officer now owns 328,491 shares in the company, valued at approximately $16,424,550. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the sale, the chief financial officer now owns 328,491 shares in the company, valued at approximately $16,424,550. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total value of $150,130.02. Following the sale, the executive vice president now owns 191,559 shares in the company, valued at approximately $9,579,865.59. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,441 shares of company stock worth $972,080. 0.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CSCO. UBS Group raised their price target on Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Barclays lifted their price target on Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Piper Sandler lifted their price target on Cisco Systems from $47.00 to $51.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Melius Research reiterated a “hold” rating and set a $55.00 price target on shares of Cisco Systems in a research report on Monday, January 8th. Finally, Melius cut Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $56.42.

Cisco Systems Trading Up 0.3 %

Shares of Cisco Systems stock traded up $0.14 during trading hours on Thursday, hitting $49.91. The company’s stock had a trading volume of 18,137,448 shares, compared to its average volume of 19,930,795. Cisco Systems, Inc. has a twelve month low of $45.56 and a twelve month high of $58.19. The firm has a fifty day moving average of $49.77 and a 200-day moving average of $50.93. The stock has a market cap of $202.10 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 2.24 and a beta of 0.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.37.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.03. The firm had revenue of $12.79 billion for the quarter, compared to the consensus estimate of $12.71 billion. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. Research analysts forecast that Cisco Systems, Inc. will post 3.16 EPS for the current year.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Wednesday, April 3rd. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s payout ratio is currently 47.42%.

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.