Bay Colony Advisory Group Inc d b a Bay Colony Advisors Acquires 1,943 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 7.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 28,668 shares of the network equipment provider’s stock after purchasing an additional 1,943 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Cisco Systems were worth $1,697,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mainstream Capital Management LLC bought a new stake in shares of Cisco Systems during the fourth quarter worth $132,000. Morse Asset Management Inc bought a new stake in shares of Cisco Systems during the third quarter worth $798,000. HighVista Strategies LLC bought a new stake in shares of Cisco Systems during the third quarter worth $1,698,000. GAMMA Investing LLC grew its holdings in shares of Cisco Systems by 13.1% during the fourth quarter. GAMMA Investing LLC now owns 93,357 shares of the network equipment provider’s stock worth $5,527,000 after purchasing an additional 10,813 shares during the last quarter. Finally, Oddo BHF Asset Management Sas bought a new position in Cisco Systems in the third quarter valued at about $502,000. Institutional investors own 73.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CSCO shares. JPMorgan Chase & Co. raised their price target on Cisco Systems from $69.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. StockNews.com cut Cisco Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday. UBS Group raised their price target on Cisco Systems from $62.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. BNP Paribas upgraded Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 price target on the stock in a report on Tuesday, January 28th. Finally, Piper Sandler reiterated a “neutral” rating on shares of Cisco Systems in a report on Thursday. Seven investment 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 stock. According to data from MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and a consensus target price of $66.63.

Insider Buying and Selling at Cisco Systems

In other news, SVP Maria Victoria Wong sold 586 shares of Cisco Systems stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $58.69, for a total transaction of $34,392.34. Following the completion of the transaction, the senior vice president now directly owns 50,767 shares in the company, valued at approximately $2,979,515.23. The trade was a 1.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Deborah L. Stahlkopf sold 11,808 shares of Cisco Systems stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $64.37, for a total value of $760,080.96. Following the transaction, the executive vice president now owns 200,191 shares of the company’s stock, valued at $12,886,294.67. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,348 shares of company stock worth $4,318,181 over the last ninety days. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Trading Down 0.9 %

NASDAQ CSCO opened at $63.41 on Friday. The firm has a market cap of $252.26 billion, a P/E ratio of 27.69, a P/E/G ratio of 4.16 and a beta of 0.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79. The stock’s 50-day moving average is $61.54 and its 200-day moving average is $57.25. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $66.50.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.14). Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. Sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 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 23rd. Investors of record on Thursday, April 3rd will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, April 3rd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.40. Cisco Systems’s dividend payout ratio (DPR) is currently 71.62%.

Cisco Systems announced that its board has initiated a stock buyback 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 purchase up to 6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.