Invera Wealth Advisors LLC Has $522,000 Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Invera Wealth Advisors LLC trimmed its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 10,853 shares of the network equipment provider’s stock after selling 255 shares during the period. Invera Wealth Advisors LLC’s holdings in Cisco Systems were worth $522,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SS&H Financial Advisors Inc. bought a new stake in shares of Cisco Systems during the 3rd quarter worth about $3,512,000. Advisory Alpha LLC lifted its stake in shares of Cisco Systems by 33.1% in the third quarter. Advisory Alpha LLC now owns 7,582 shares of the network equipment provider’s stock worth $408,000 after buying an additional 1,887 shares during the last quarter. Measured Wealth Private Client Group LLC boosted its holdings in shares of Cisco Systems by 28.4% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 17,458 shares of the network equipment provider’s stock worth $939,000 after buying an additional 3,864 shares during the period. UMB Bank n.a. grew its stake in Cisco Systems by 43.3% in the 3rd quarter. UMB Bank n.a. now owns 291,293 shares of the network equipment provider’s stock valued at $15,660,000 after buying an additional 88,075 shares during the last quarter. Finally, LS Investment Advisors LLC raised its holdings in Cisco Systems by 8.1% in the 3rd quarter. LS Investment Advisors LLC now owns 38,704 shares of the network equipment provider’s stock worth $2,081,000 after acquiring an additional 2,890 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CSCO shares. Barclays raised 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. Bank of America raised Cisco Systems from a “neutral” rating to a “buy” rating and raised their target price for the company from $55.00 to $60.00 in a report on Monday, April 15th. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a report on Tuesday, April 9th. Piper Sandler raised their price objective on shares of Cisco Systems from $47.00 to $51.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 20th. Finally, Melius cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Cisco Systems currently has a consensus rating of “Hold” and an average target price of $55.53.

Insider Buying and Selling at Cisco Systems

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

Cisco Systems Price Performance

CSCO stock traded down $0.08 during trading on Monday, hitting $47.78. The company had a trading volume of 11,597,599 shares, compared to its average volume of 19,257,299. The company has a fifty day moving average price of $48.92 and a two-hundred day moving average price of $49.97. Cisco Systems, Inc. has a fifty-two week low of $45.56 and a fifty-two week high of $58.19. The company has a market cap of $193.47 billion, a P/E ratio of 14.52, a P/E/G ratio of 2.76 and a beta of 0.87. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The company had revenue of $12.79 billion during the quarter, compared to analysts’ expectations of $12.71 billion. During the same period last year, the business earned $0.76 earnings per share. The business’s revenue was down 5.9% on a year-over-year basis. Equities research analysts expect that Cisco Systems, Inc. will post 3.13 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th were paid a $0.40 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.35%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s payout ratio is 48.63%.

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.