Trilogy Capital Inc. Sells 232 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Trilogy Capital Inc. reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,754 shares of the network equipment provider’s stock after selling 232 shares during the quarter. Trilogy Capital Inc.’s holdings in Cisco Systems were worth $3,553,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CSCO. Penn Davis Mcfarland Inc. bought a new position in shares of Cisco Systems during the third quarter worth approximately $1,117,000. Brown Lisle Cummings Inc. grew its holdings in Cisco Systems by 2.2% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 21,554 shares of the network equipment provider’s stock valued at $1,147,000 after buying an additional 456 shares in the last quarter. McClarren Financial Advisors Inc. lifted its holdings in shares of Cisco Systems by 811.1% during the third quarter. McClarren Financial Advisors Inc. now owns 1,731 shares of the network equipment provider’s stock worth $92,000 after buying an additional 1,541 shares in the last quarter. Vest Financial LLC boosted its position in shares of Cisco Systems by 17.0% in the third quarter. Vest Financial LLC now owns 615,109 shares of the network equipment provider’s stock valued at $32,736,000 after acquiring an additional 89,523 shares during the period. Finally, West Branch Capital LLC grew its stake in shares of Cisco Systems by 5.2% in the third quarter. West Branch Capital LLC now owns 40,240 shares of the network equipment provider’s stock valued at $2,142,000 after acquiring an additional 1,996 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Stock Up 0.6 %

NASDAQ:CSCO opened at $56.76 on Monday. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $56.87. 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 has a market cap of $228.68 billion, a PE ratio of 19.11, a P/E/G ratio of 4.22 and a beta of 0.83. The firm’s 50 day simple moving average is $51.17 and its 200 day simple moving average is $48.60.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $13.53 billion. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. Cisco Systems’s revenue was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 earnings per share. On average, research analysts anticipate that Cisco Systems, Inc. will post 2.9 earnings per share for the current year.

Cisco Systems Announces Dividend

The business 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 dividend of $0.40 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.82%. Cisco Systems’s dividend payout ratio (DPR) is 53.87%.

Insider Buying and Selling

In other Cisco Systems news, SVP Maria Victoria Wong sold 3,379 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $50.36, for a total transaction of $170,166.44. Following the completion of the sale, the senior vice president now owns 47,182 shares of the company’s stock, valued at approximately $2,376,085.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Thimaya K. Subaiya sold 1,328 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $48.92, for a total transaction of $64,965.76. Following the sale, the executive vice president now owns 132,910 shares in the company, valued at $6,501,957.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Maria Victoria Wong sold 3,379 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $50.36, for a total value of $170,166.44. Following the transaction, the senior vice president now owns 47,182 shares in the company, valued at $2,376,085.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 70,529 shares of company stock valued at $3,509,049 over the last ninety days. 0.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CSCO has been the subject of a number of recent research reports. Piper Sandler reissued a “neutral” rating and issued a $52.00 price objective on shares of Cisco Systems in a 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 for the company in a research note on Thursday, August 15th. Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research note on Thursday, August 15th. Rosenblatt Securities lifted their price objective on Cisco Systems from $56.00 to $58.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. Finally, Citigroup upgraded Cisco Systems from a “neutral” rating to a “buy” rating and raised their price target for the stock from $52.00 to $62.00 in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $56.74.

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.