Resonant Capital Advisors LLC Has $2.86 Million Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Resonant Capital Advisors LLC decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 6.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,507 shares of the network equipment provider’s stock after selling 3,749 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Cisco Systems were worth $2,855,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CSCO. Zhang Financial LLC grew its position in shares of Cisco Systems by 8.3% during the 4th quarter. Zhang Financial LLC now owns 30,245 shares of the network equipment provider’s stock worth $1,528,000 after buying an additional 2,327 shares during the period. Beaumont Financial Advisors LLC boosted its position in shares of Cisco Systems by 4.7% in the 4th quarter. Beaumont Financial Advisors LLC now owns 10,589 shares of the network equipment provider’s stock worth $535,000 after purchasing an additional 471 shares during the last quarter. Davidson Trust Co. increased its holdings in Cisco Systems by 8.2% in the fourth quarter. Davidson Trust Co. now owns 13,624 shares of the network equipment provider’s stock valued at $688,000 after purchasing an additional 1,035 shares during the last quarter. Financial Symmetry Inc acquired a new position in Cisco Systems in the fourth quarter valued at about $403,000. Finally, HTLF Bank bought a new position in Cisco Systems during the fourth quarter worth about $6,855,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CSCO. StockNews.com downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. UBS Group boosted their price target on shares of Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Deutsche Bank Aktiengesellschaft raised their price objective on Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, April 9th. Barclays boosted their price objective 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. Finally, Piper Sandler lifted their price target on shares of Cisco Systems from $47.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $56.03.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO traded up $0.15 during midday trading on Friday, hitting $48.26. 10,817,156 shares of the company’s stock were exchanged, compared to its average volume of 19,370,250. Cisco Systems, Inc. has a 12 month low of $45.56 and a 12 month high of $58.19. The company’s 50 day moving average price is $49.11 and its 200 day moving average price is $50.29. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $195.41 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 2.74 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.03. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The company had revenue of $12.79 billion for the quarter, compared to analyst estimates of $12.71 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. The company’s revenue was down 5.9% on a year-over-year basis. As a group, analysts predict that Cisco Systems, Inc. will post 3.14 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.32%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio (DPR) is 48.63%.

Insider Buying and Selling

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 value of $697,100.00. Following the transaction, the chief financial officer now directly owns 328,491 shares in the company, valued at $16,424,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Richard Scott Herren sold 13,942 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the sale, the chief financial officer now directly owns 328,491 shares in the company, valued at $16,424,550. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total value of $150,130.02. Following the transaction, 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 ninety days, insiders sold 19,441 shares of company stock valued at $972,080. Insiders own 0.02% of the company’s stock.

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.