Independent Advisor Alliance Sells 18,507 Shares of Cisco Systems, Inc. $CSCO

Independent Advisor Alliance decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 15.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 99,597 shares of the network equipment provider’s stock after selling 18,507 shares during the quarter. Independent Advisor Alliance’s holdings in Cisco Systems were worth $7,672,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EQ Wealth Advisors LLC bought a new stake in Cisco Systems during the 4th quarter worth approximately $31,000. Board of the Pension Protection Fund bought a new stake in Cisco Systems during the 4th quarter worth approximately $31,000. Anfield Capital Management LLC raised its stake in Cisco Systems by 248.9% during the 4th quarter. Anfield Capital Management LLC now owns 485 shares of the network equipment provider’s stock worth $37,000 after acquiring an additional 346 shares during the period. Joseph Group Capital Management bought a new stake in Cisco Systems during the 4th quarter worth approximately $38,000. Finally, Luken Investment Analytics LLC raised its stake in Cisco Systems by 418.0% during the 4th quarter. Luken Investment Analytics LLC now owns 518 shares of the network equipment provider’s stock worth $40,000 after acquiring an additional 418 shares during the period. Institutional investors own 73.33% of the company’s stock.

Trending Headlines about Cisco Systems

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

• Positive Sentiment: Investors are betting Cisco will benefit from strong AI infrastructure demand, hyperscaler spending, and solid product orders, which could support another earnings beat and upbeat guidance. The Zacks Analyst Blog Cisco, Arista Networks, Dell and Hewlett
• Positive Sentiment: The company is approaching earnings with shares at or near all-time highs, reflecting strong momentum and continued investor confidence in the networking business. Cisco Q3 Preview: Stock Hits New Highs, Expert Asks ‘Can It Return To Those Parabolic ’90s Like Returns?’
• Positive Sentiment: AT&T’s launch of a Cisco-powered post-quantum security SD-WAN service highlights Cisco’s role in next-generation enterprise networking and cybersecurity. Can AT&T’s Cisco-Powered Quantum Security Network Drive Profits?
• Neutral Sentiment: JPMorgan raised its price target to $96, but that still sits below Cisco’s recent trading range, suggesting the market may already be pricing in a strong earnings outlook. JPMorgan Adjusts Price Target on Cisco Systems to 96 From 95
• Negative Sentiment: Some reports note the stock is the most overbought it has been since 2018, raising the risk of a pullback if earnings or guidance disappoint. Cisco stock at its most overbought since 2018 — and a top pro sees 25% upside
• Negative Sentiment: Traders are also bracing for a sizable post-earnings move, which signals elevated uncertainty around the upcoming results and forward outlook. How Much Is Cisco Stock Expected to Move After Earnings This Week?

Insider Buying and Selling

In related news, EVP Oliver Tuszik sold 3,132 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $79.74, for a total value of $249,745.68. Following the sale, the executive vice president owned 188,613 shares in the company, valued at approximately $15,040,000.62. The trade was a 1.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Thimaya K. Subaiya sold 1,744 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $77.07, for a total transaction of $134,410.08. Following the completion of the sale, the executive vice president owned 156,693 shares in the company, valued at $12,076,329.51. This represents a 1.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 46,431 shares of company stock valued at $3,574,820 in the last three months. Corporate insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CSCO shares. UBS Group raised their target price on shares of Cisco Systems from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Argus upgraded shares of Cisco Systems to a “strong-buy” rating in a research report on Friday, February 13th. DZ Bank upgraded shares of Cisco Systems to a “strong-buy” rating in a research report on Friday, February 13th. Truist Financial began coverage on shares of Cisco Systems in a research report on Tuesday, March 31st. They set a “buy” rating and a $94.00 price objective on the stock. Finally, Citigroup lifted their price objective on shares of Cisco Systems from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Cisco Systems presently has an average rating of “Moderate Buy” and an average price target of $90.29.

Cisco Systems Trading Up 0.6%

Cisco Systems stock opened at $99.29 on Wednesday. The firm’s 50 day moving average price is $83.48 and its 200-day moving average price is $79.14. Cisco Systems, Inc. has a 1 year low of $60.85 and a 1 year high of $99.93. The stock has a market cap of $392.18 billion, a P/E ratio of 34.84, a PEG ratio of 3.70 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.96 and a quick ratio of 0.85.

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

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.