RMR Wealth Builders lessened its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 83.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,221 shares of the network equipment provider’s stock after selling 11,013 shares during the quarter. RMR Wealth Builders’ holdings in Cisco Systems were worth $338,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hussman Strategic Advisors Inc. acquired a new stake in Cisco Systems during the 4th quarter valued at approximately $1,835,000. Edgar Lomax Co. VA grew its stake in Cisco Systems by 3.6% during the 3rd quarter. Edgar Lomax Co. VA now owns 1,659,973 shares of the network equipment provider’s stock valued at $65,386,000 after purchasing an additional 57,050 shares in the last quarter. Doyle Wealth Management grew its stake in Cisco Systems by 38.5% during the 4th quarter. Doyle Wealth Management now owns 27,623 shares of the network equipment provider’s stock valued at $1,236,000 after purchasing an additional 7,672 shares in the last quarter. IFM Investors Pty Ltd grew its stake in Cisco Systems by 16.1% during the 4th quarter. IFM Investors Pty Ltd now owns 406,899 shares of the network equipment provider’s stock valued at $18,209,000 after purchasing an additional 56,489 shares in the last quarter. Finally, Family Firm Inc. grew its stake in Cisco Systems by 9.9% during the 4th quarter. Family Firm Inc. now owns 7,213 shares of the network equipment provider’s stock valued at $328,000 after purchasing an additional 649 shares in the last quarter. Hedge funds and other institutional investors own 70.62% of the company’s stock.

In other news, EVP Maria Martinez sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 1st. The stock was sold at an average price of $44.00, for a total value of $88,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Prat Bhatt sold 6,273 shares of the business’s stock in a transaction on Friday, February 12th. The stock was sold at an average price of $47.21, for a total value of $296,148.33. Following the completion of the sale, the chief accounting officer now directly owns 119,282 shares in the company, valued at approximately $5,631,303.22. The disclosure for this sale can be found here. Insiders have sold a total of 75,530 shares of company stock worth $3,338,858 in the last ninety days. 0.02% of the stock is owned by company insiders.

Shares of Cisco Systems stock opened at $45.43 on Tuesday. The business’s fifty day moving average price is $45.85 and its two-hundred day moving average price is $42.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.59 and a quick ratio of 1.54. The company has a market capitalization of $191.80 billion, a P/E ratio of 18.47, a PEG ratio of 2.54 and a beta of 0.95. Cisco Systems, Inc. has a 1-year low of $32.40 and a 1-year high of $49.34.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Tuesday, February 9th. The network equipment provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.03. Cisco Systems had a return on equity of 32.64% and a net margin of 21.76%. During the same quarter in the prior year, the company posted $0.77 EPS. On average, research analysts expect that Cisco Systems, Inc. will post 2.86 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 28th. Shareholders of record on Tuesday, April 6th will be paid a dividend of $0.37 per share. The ex-dividend date is Monday, April 5th. This represents a $1.48 annualized dividend and a yield of 3.26%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.36. Cisco Systems’s payout ratio is presently 49.32%.

Several research analysts have recently commented on CSCO shares. Citigroup lifted their target price on Cisco Systems from $45.00 to $50.00 in a research report on Wednesday, February 10th. Piper Sandler lifted their target price on Cisco Systems from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $49.00 target price on shares of Cisco Systems in a research report on Friday, November 13th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their target price on Cisco Systems from $43.00 to $45.00 in a research report on Friday, November 13th. Finally, JPMorgan Chase & Co. lifted their target price on Cisco Systems from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, January 25th. Sixteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $48.63.

Cisco Systems Company 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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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