Lighthouse Financial Services Inc. ADV Invests $4.86 Million in Cisco Systems, Inc. $CSCO

Lighthouse Financial Services Inc. ADV bought a new position in Cisco Systems, Inc. (NASDAQ:CSCO) during the 4th quarter, Holdings Channel.com reports. The firm bought 63,108 shares of the network equipment provider’s stock, valued at approximately $4,861,000. Cisco Systems accounts for about 1.1% of Lighthouse Financial Services Inc. ADV’s portfolio, making the stock its 23rd largest holding.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Cairn Investment Group Inc. boosted its holdings in Cisco Systems by 0.5% in the fourth quarter. Cairn Investment Group Inc. now owns 24,146 shares of the network equipment provider’s stock valued at $1,860,000 after acquiring an additional 130 shares in the last quarter. Juncture Wealth Strategies LLC boosted its holdings in Cisco Systems by 0.9% in the fourth quarter. Juncture Wealth Strategies LLC now owns 15,042 shares of the network equipment provider’s stock valued at $1,159,000 after acquiring an additional 132 shares in the last quarter. Northstar Advisory Group LLC boosted its holdings in Cisco Systems by 1.6% in the fourth quarter. Northstar Advisory Group LLC now owns 8,203 shares of the network equipment provider’s stock valued at $632,000 after acquiring an additional 133 shares in the last quarter. Roman Butler Fullerton & Co. boosted its holdings in Cisco Systems by 0.8% in the fourth quarter. Roman Butler Fullerton & Co. now owns 15,917 shares of the network equipment provider’s stock valued at $1,183,000 after acquiring an additional 133 shares in the last quarter. Finally, MMA Asset Management LLC boosted its holdings in Cisco Systems by 2.3% in the fourth quarter. MMA Asset Management LLC now owns 6,167 shares of the network equipment provider’s stock valued at $475,000 after acquiring an additional 139 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Key Stories Impacting Cisco Systems

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Cisco is drawing heavier investor attention ahead of earnings, which can support trading volume and sentiment as traders position for a potential report-driven move. Cisco Systems, Inc. (CSCO) Is a Trending Stock: Facts to Know Before Betting on It
• Positive Sentiment: Analysts are continuing to frame Cisco’s investment case around its next quarterly results, with some views slightly improving fair value estimates, suggesting lingering confidence in the company’s fundamentals. How The Cisco Systems (CSCO) Investment Story Is Shifting As Analyst Views Diverge
• Neutral Sentiment: Cisco is set to participate in multiple upcoming financial-community events in May and June, which keeps management visible to investors but does not directly change the fundamentals. Cisco to Participate in May & June Events with the Financial Community
• Neutral Sentiment: Wall Street estimates for Cisco’s upcoming quarter are being closely dissected, but this is mainly an expectations check ahead of earnings rather than a new business catalyst. Unlocking Q3 Potential of Cisco (CSCO): Exploring Wall Street Estimates for Key Metrics
• Negative Sentiment: Recent coverage noted Cisco shares underperformed the broader market and dropped in the latest session, showing some near-term pressure before the company’s next earnings catalyst. Cisco Systems (CSCO) Stock Drops Despite Market Gains: Important Facts to Note

Cisco Systems Stock Performance

Shares of Cisco Systems stock opened at $96.57 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $381.44 billion, a P/E ratio of 33.88, a P/E/G ratio of 3.46 and a beta of 0.92. The business has a fifty day simple moving average of $82.32 and a two-hundred day simple moving average of $78.56. Cisco Systems, Inc. has a 12 month low of $59.44 and a 12 month high of $97.02.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 11th. The network equipment provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.02 by $0.02. The business had revenue of $15.35 billion during the quarter, compared to analyst estimates of $15.11 billion. Cisco Systems had a return on equity of 27.88% and a net margin of 19.22%.The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 earnings per share. On average, equities analysts forecast that Cisco Systems, Inc. will post 3.42 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Thursday, April 2nd were given a dividend of $0.42 per share. This is an increase from Cisco Systems’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, April 2nd. Cisco Systems’s payout ratio is 58.95%.

Analyst Ratings Changes

CSCO has been the topic of several recent analyst reports. Wall Street Zen cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Erste Group Bank cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Zacks Research cut shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. CICC Research lifted their price target on shares of Cisco Systems from $84.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Finally, Truist Financial initiated coverage on shares of Cisco Systems in a report on Tuesday, March 31st. They issued a “buy” rating and a $94.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Cisco Systems currently has a consensus rating of “Moderate Buy” and an average target price of $90.29.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, insider Jeetendra I. Patel sold 11,248 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $76.00, for a total transaction of $854,848.00. Following the completion of the transaction, the insider owned 262,776 shares of the company’s stock, valued at approximately $19,970,976. This trade represents a 4.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 2,179 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $77.74, for a total value of $169,395.46. Following the transaction, the senior vice president directly owned 28,807 shares of the company’s stock, valued at $2,239,456.18. This represents a 7.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 46,431 shares of company stock valued at $3,574,820. Company insiders own 0.01% of the company’s stock.

About Cisco Systems

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.