Nia Impact Advisors LLC Boosts Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Nia Impact Advisors LLC raised its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,263 shares of the network equipment provider’s stock after buying an additional 279 shares during the period. Nia Impact Advisors LLC’s holdings in Cisco Systems were worth $489,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSCO. FPC Investment Advisory Inc. bought a new position in Cisco Systems in the fourth quarter worth about $26,000. Navigoe LLC bought a new position in Cisco Systems in the fourth quarter worth about $26,000. Runnymede Capital Advisors Inc. bought a new position in Cisco Systems in the fourth quarter worth about $30,000. Campbell Capital Management Inc. bought a new position in Cisco Systems in the fourth quarter worth about $31,000. Finally, Synergy Investment Management LLC bought a new position in Cisco Systems in the fourth quarter worth about $36,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Thimaya K. Subaiya sold 2,065 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $60.70, for a total transaction of $125,345.50. Following the completion of the transaction, the executive vice president now owns 191,184 shares in the company, valued at approximately $11,604,868.80. This represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Maria Victoria Wong sold 762 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $60.99, for a total transaction of $46,474.38. Following the transaction, the senior vice president now owns 44,155 shares of the company’s stock, valued at $2,693,013.45. The trade was a 1.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,547 shares of company stock worth $4,275,553. 0.01% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Piper Sandler cut their target price on shares of Cisco Systems from $72.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Citigroup dropped their price target on shares of Cisco Systems from $73.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Rosenblatt Securities dropped their price target on shares of Cisco Systems from $80.00 to $63.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price target on shares of Cisco Systems from $73.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Finally, Barclays restated an “equal weight” rating on shares of Cisco Systems in a research note on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Cisco Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.05.

Cisco Systems Stock Up 0.2%

Shares of NASDAQ:CSCO opened at $61.78 on Wednesday. The company has a 50 day moving average price of $58.70 and a two-hundred day moving average price of $59.53. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $66.50. The company has a market capitalization of $245.78 billion, a PE ratio of 26.98, a PEG ratio of 4.16 and a beta of 0.89.

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

Cisco Systems declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 12th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the network equipment provider to buy up to 6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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.