Syntal Capital Partners LLC Sells 1,477 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Syntal Capital Partners LLC decreased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 6.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 22,645 shares of the network equipment provider’s stock after selling 1,477 shares during the quarter. Syntal Capital Partners LLC’s holdings in Cisco Systems were worth $1,200,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSCO. McCarthy Asset Management Inc. raised its stake in shares of Cisco Systems by 87.8% during the 2nd quarter. McCarthy Asset Management Inc. now owns 494 shares of the network equipment provider’s stock worth $26,000 after purchasing an additional 231 shares in the last quarter. Lake Point Wealth Management bought a new stake in shares of Cisco Systems during the 2nd quarter worth approximately $36,000. Stuart Chaussee & Associates Inc. raised its stake in shares of Cisco Systems by 43.2% during the 1st quarter. Stuart Chaussee & Associates Inc. now owns 716 shares of the network equipment provider’s stock worth $37,000 after purchasing an additional 216 shares in the last quarter. Arcadia Investment Management Corp MI raised its stake in shares of Cisco Systems by 48.4% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 705 shares of the network equipment provider’s stock worth $37,000 after purchasing an additional 230 shares in the last quarter. Finally, ShoreHaven Wealth Partners LLC raised its stake in shares of Cisco Systems by 55.2% during the 1st quarter. ShoreHaven Wealth Partners LLC now owns 776 shares of the network equipment provider’s stock worth $40,000 after purchasing an additional 276 shares in the last quarter. Hedge funds and other institutional investors own 71.92% of the company’s stock.

CSCO has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Cisco Systems from $55.00 to $59.00 and gave the stock a “hold” rating in a research note on Tuesday, August 24th. JPMorgan Chase & Co. set a $70.00 target price on Cisco Systems in a report on Thursday, September 16th. Morgan Stanley lowered Cisco Systems from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $57.00 to $59.00 in a report on Thursday, September 9th. Barclays boosted their target price on Cisco Systems from $55.00 to $62.00 and gave the stock an “overweight” rating in a report on Thursday, August 19th. They noted that the move was a valuation call. Finally, Piper Sandler boosted their target price on Cisco Systems from $53.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, September 16th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Cisco Systems presently has a consensus rating of “Hold” and a consensus price target of $59.90.

Shares of CSCO stock traded down $0.20 on Monday, hitting $56.53. 272,547 shares of the company’s stock were exchanged, compared to its average volume of 19,125,244. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.49 and a quick ratio of 1.43. Cisco Systems, Inc. has a 12 month low of $35.28 and a 12 month high of $60.27. The stock has a market cap of $238.43 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 3.01 and a beta of 0.91. The company has a 50 day moving average of $56.81 and a 200 day moving average of $53.90.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Tuesday, August 17th. The network equipment provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.01. Cisco Systems had a return on equity of 30.82% and a net margin of 21.26%. The business had revenue of $13.13 billion during the quarter, compared to the consensus estimate of $13.04 billion. During the same period in the prior year, the company earned $0.80 EPS. Cisco Systems’s revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts predict that Cisco Systems, Inc. will post 3.08 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 27th. Investors of record on Tuesday, October 5th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, October 4th. This represents a $1.48 annualized dividend and a dividend yield of 2.62%. Cisco Systems’s dividend payout ratio is currently 51.21%.

In other Cisco Systems news, COO Maria Martinez sold 4,000 shares of the stock in a transaction dated Monday, August 23rd. The stock was sold at an average price of $58.52, for a total value of $234,080.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Prat Bhatt sold 468 shares of the stock in a transaction dated Monday, September 13th. The shares were sold at an average price of $58.35, for a total value of $27,307.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,529 shares of company stock valued at $3,827,391. 0.02% of the stock is owned by corporate insiders.

Cisco Systems Company Profile

Cisco Systems, Inc engages in the design, manufacture, and sale of Internet Protocol based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its product comprises of the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security.

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

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