Aurora Investment Counsel sells 410 shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Aurora Investment Counsel reduced its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,126 shares of the network equipment provider’s stock after selling 410 shares during the quarter. Aurora Investment Counsel’s holdings in Cisco Systems were worth $1,954,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its position in shares of Cisco Systems by 24.3% in the fourth quarter. Jones Financial Companies Lllp now owns 34,944 shares of the network equipment provider’s stock worth $1,765,000 after acquiring an additional 6,838 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in Cisco Systems by 6.4% in the fourth quarter. CWA Asset Management Group LLC now owns 36,843 shares of the network equipment provider’s stock worth $1,861,000 after purchasing an additional 2,204 shares in the last quarter. Carmignac Gestion grew its position in shares of Cisco Systems by 2.9% in the fourth quarter. Carmignac Gestion now owns 38,360 shares of the network equipment provider’s stock valued at $1,938,000 after purchasing an additional 1,098 shares in the last quarter. Hudson Edge Investment Partners Inc. boosted its holdings in shares of Cisco Systems by 5.7% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 110,785 shares of the network equipment provider’s stock valued at $5,597,000 after purchasing an additional 6,017 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its position in shares of Cisco Systems by 5.5% in the fourth quarter. Royal London Asset Management Ltd. now owns 3,168,932 shares of the network equipment provider’s stock worth $160,094,000 after buying an additional 165,011 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s shares.

Indoor activity

In related news, CEO Charles Robbins sold 27,143 shares of Cisco Systems stock in a transaction on Friday, August 16th. The shares were sold at an average price of $49.45, for a total value of $1,342,221.35. Following the sale, the chief executive officer now directly owns 683,403 shares of the company’s stock, valued at approximately $33,794,278.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. In related news, CEO Charles Robbins sold 27,143 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $49.45, for a total value of $1,342,221.35. Following the transaction, the chief executive officer now directly owns 683,403 shares of the company’s stock, valued at approximately $33,794,278.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Thimaya K. Subaiya sold 1,328 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $48.92, for a total value of $64,965.76. Following the sale, the executive vice president now owns 132,910 shares of the company’s stock, valued at $6,501,957.20. The disclosure for this sale can be found here. Insiders have sold 70,529 shares of company stock worth $3,509,049 over the last three months. 0.02% of shares are currently held by corporate insiders.

Changes in Analyst Ratings

Several equities research analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of Cisco Systems from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. New Street Research raised Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Thursday, August 15th. Barclays cut their price target on Cisco Systems from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 15th. Piper Sandler restated a “neutral” rating and set a $52.00 target price on shares of Cisco Systems in a research note on Thursday, August 15th. Finally, HSBC raised shares of Cisco Systems from a “hold” rating to a “buy” rating and boosted their price objective for the company from $46.00 to $58.00 in a report on research on Friday, August 16. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $55.00, according to MarketBeat.com.

Check out our latest research report on CSCO

Cisco Systems Price Performance

Shares of NASDAQ CSCO opened at $53.22 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.91, and a quick ratio of 0.83. The company’s 50-day simple moving average is $49.14, and its 200-day simple moving average is $48.16. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $54.58. The stock has a market cap of $214.41 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 4.11 and a beta of 0.83.

Cisco Systems (NASDAQ:CSCO – Get Free Report ) last released its quarterly earnings data on Wednesday, August 14th. The networking equipment provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The company had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $13.53 billion. In the same quarter last year, the company earned $1.01 per share. The company’s revenue for the quarter was down 10.3% year-over-year. Analysts expect Cisco Systems, Inc. will record 2.9 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a $0.40 dividend. This represents an annualized dividend of $1.60 and a yield of 3.01%. The ex-dividend date is Wednesday, October 2. Cisco Systems’ payout ratio is currently 53.87%.

Cisco Systems Profile

(Free Report)

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol-based networks and other products related to the communications and information technology industries in the Americas, Europe, the Middle East, Africa, Asia Pacific, Japan, and China. The company also offers a switching portfolio that includes campus switching as well as data center switching; the enterprise routing portfolio interconnects public and private mobile and mobile networks, providing highly secure and reliable connectivity to campus, data center and branch office networks; wireless products include access points and wireless controllers; and the compute portfolio, including Cisco Unified Computing System, hyperflex, and software management capabilities, which combine the management and virtualization of compute, networking, and storage infrastructure.

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