Transamerica Financial Advisors Inc. Decreases Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Transamerica Financial Advisors Inc. decreased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 17.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,428 shares of the network equipment provider’s stock after selling 4,889 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Cisco Systems were worth $1,328,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Allstate Corp bought a new position in Cisco Systems in the 4th quarter worth approximately $6,581,000. ESG Planning DBA Harper Investing boosted its holdings in shares of Cisco Systems by 15.0% in the fourth quarter. ESG Planning DBA Harper Investing now owns 12,451 shares of the network equipment provider’s stock worth $737,000 after acquiring an additional 1,621 shares during the period. Brown Brothers Harriman & Co. raised its stake in shares of Cisco Systems by 11.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 132,074 shares of the network equipment provider’s stock valued at $7,819,000 after purchasing an additional 13,911 shares during the period. RiverFront Investment Group LLC raised its stake in shares of Cisco Systems by 23.9% during the 4th quarter. RiverFront Investment Group LLC now owns 6,659 shares of the network equipment provider’s stock valued at $394,000 after purchasing an additional 1,286 shares during the period. Finally, Alerus Financial NA boosted its stake in Cisco Systems by 3.7% in the 4th quarter. Alerus Financial NA now owns 116,386 shares of the network equipment provider’s stock worth $6,890,000 after purchasing an additional 4,176 shares during the period. 73.33% of the stock is owned by institutional investors.

Insider Activity at Cisco Systems

In related news, SVP Maria Victoria Wong sold 762 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were 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 in the company, valued at $2,693,013.45. The trade was a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard Scott Herren sold 19,929 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $64.41, for a total transaction of $1,283,626.89. Following the completion of the transaction, the chief financial officer now directly owns 335,605 shares of the company’s stock, valued at approximately $21,616,318.05. The trade was a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,547 shares of company stock worth $4,275,553 in the last 90 days. Company insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CSCO shares. Wells Fargo & Company reissued an “equal weight” rating on shares of Cisco Systems in a report on Thursday, March 6th. Piper Sandler reiterated a “neutral” rating on shares of Cisco Systems in a research note on Thursday, March 6th. Rosenblatt Securities upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and boosted their price target for the company from $66.00 to $80.00 in a research report on Thursday, February 13th. UBS Group increased their price objective on Cisco Systems from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, StockNews.com cut Cisco Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.63.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $60.86 on Friday. 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 fifty-two week low of $44.50 and a fifty-two week high of $66.50. The firm has a market cap of $242.12 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 4.16 and a beta of 0.79. The business has a 50 day moving average price of $62.11 and a 200-day moving average price of $58.54.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. Equities research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems declared that its board has authorized a share repurchase program on Wednesday, February 12th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the network equipment provider to buy up to 6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be paid a $0.41 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This is a boost from Cisco Systems’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 2.69%. Cisco Systems’s dividend payout ratio (DPR) is presently 71.62%.

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.