Waterway Wealth Management LLC Takes $463,000 Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Waterway Wealth Management LLC purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,156 shares of the network equipment provider’s stock, valued at approximately $463,000.

Other large investors have also bought and sold shares of the company. Kathleen S. Wright Associates Inc. acquired a new stake in Cisco Systems in the third quarter worth $27,000. Valued Wealth Advisors LLC acquired a new stake in Cisco Systems in the fourth quarter worth $32,000. Fortis Capital Advisors LLC acquired a new stake in Cisco Systems in the fourth quarter worth $34,000. Hibernia Wealth Partners LLC acquired a new stake in shares of Cisco Systems during the third quarter worth $42,000. Finally, VitalStone Financial LLC acquired a new stake in shares of Cisco Systems during the second quarter worth $45,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Stock Down 0.3 %

NASDAQ CSCO traded down $0.13 on Tuesday, reaching $49.55. The company had a trading volume of 13,001,850 shares, compared to its average volume of 20,009,225. The stock has a market capitalization of $200.64 billion, a P/E ratio of 15.06, a P/E/G ratio of 2.25 and a beta of 0.87. The company’s fifty day moving average is $49.80 and its 200 day moving average is $50.99. Cisco Systems, Inc. has a 52-week low of $45.56 and a 52-week high of $58.19. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The firm had revenue of $12.79 billion during the quarter, compared to analyst estimates of $12.71 billion. During the same period last year, the firm posted $0.76 EPS. The business’s revenue was down 5.9% compared to the same quarter last year. Sell-side analysts anticipate that Cisco Systems, Inc. will post 3.16 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th will be paid a dividend of $0.40 per share. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, April 3rd. This represents a $1.60 annualized dividend and a dividend yield of 3.23%. Cisco Systems’s dividend payout ratio is presently 47.42%.

Insider Transactions at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the completion of the transaction, the senior vice president now owns 58,121 shares in the company, valued at approximately $2,906,050. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total transaction of $124,850.00. Following the completion of the sale, the senior vice president now owns 58,121 shares in the company, valued at approximately $2,906,050. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of Cisco Systems stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the sale, the executive vice president now owns 191,559 shares of the company’s stock, valued at approximately $9,579,865.59. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,441 shares of company stock worth $972,080. 0.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CSCO has been the topic of a number of research analyst reports. Melius Research restated a “hold” rating and set a $55.00 price objective on shares of Cisco Systems in a report on Monday, January 8th. Piper Sandler raised their target price on shares of Cisco Systems from $47.00 to $51.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. StockNews.com downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Melius downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, UBS Group lifted their price objective on shares of Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $56.42.

Cisco Systems Profile

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.