Northern Financial Advisors Inc Sells 9,750 Shares of Cisco Systems, Inc. $CSCO

Northern Financial Advisors Inc reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 48.1% in the 4th quarter, HoldingsChannel reports. The firm owned 10,520 shares of the network equipment provider’s stock after selling 9,750 shares during the period. Northern Financial Advisors Inc’s holdings in Cisco Systems were worth $810,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Emerald Advisors LLC increased its position in Cisco Systems by 5.9% during the fourth quarter. Emerald Advisors LLC now owns 24,080 shares of the network equipment provider’s stock worth $1,855,000 after buying an additional 1,335 shares during the last quarter. Family Capital Management Inc. acquired a new stake in shares of Cisco Systems in the fourth quarter valued at approximately $205,000. Optas LLC lifted its position in shares of Cisco Systems by 189.1% in the fourth quarter. Optas LLC now owns 41,002 shares of the network equipment provider’s stock valued at $3,158,000 after buying an additional 26,818 shares during the last quarter. Ticino Wealth bought a new position in shares of Cisco Systems during the 4th quarter worth approximately $4,156,000. Finally, SageGuard Financial Group LLC acquired a new position in shares of Cisco Systems during the 4th quarter worth approximately $477,000. Institutional investors own 73.33% of the company’s stock.

Wall Street Analysts Forecast Growth

CSCO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on Cisco Systems from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 price objective on shares of Cisco Systems in a report on Thursday, February 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Cisco Systems in a research report on Tuesday, January 27th. Truist Financial assumed coverage on shares of Cisco Systems in a research note on Tuesday, March 31st. They set a “buy” rating and a $94.00 target price for the company. Finally, Wall Street Zen downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.81.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 7,981 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $79.50, for a total transaction of $634,489.50. Following the transaction, the executive vice president owned 187,097 shares in the company, valued at $14,874,211.50. This represents a 4.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Charles Robbins sold 19,545 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $76.00, for a total transaction of $1,485,420.00. Following the transaction, the chief executive officer directly owned 671,095 shares in the company, valued at $51,003,220. This represents a 2.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 46,431 shares of company stock valued at $3,574,820 in the last quarter. Company insiders own 0.01% of the company’s stock.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $87.71 on Tuesday. The stock has a 50 day simple moving average of $79.88 and a 200 day simple moving average of $76.92. The stock has a market cap of $346.44 billion, a P/E ratio of 30.78, a PEG ratio of 3.25 and a beta of 0.83. Cisco Systems, Inc. has a 1-year low of $53.83 and a 1-year high of $88.35. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, February 11th. The network equipment provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. The firm had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.11 billion. Cisco Systems had a return on equity of 27.88% and a net margin of 19.22%.The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 EPS. Research analysts anticipate that Cisco Systems, Inc. will post 3.4 earnings per share for the current year.

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Thursday, April 2nd will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.9%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.41. The ex-dividend date is Thursday, April 2nd. Cisco Systems’s dividend payout ratio is currently 58.95%.

Cisco Systems Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.