Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Investment House LLC

Investment House LLC lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 160,104 shares of the network equipment provider’s stock after selling 9,869 shares during the period. Investment House LLC’s holdings in Cisco Systems were worth $8,088,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Guyasuta Investment Advisors Inc. raised its holdings in shares of Cisco Systems by 6.3% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 12,272 shares of the network equipment provider’s stock valued at $620,000 after buying an additional 729 shares during the period. Choreo LLC lifted its position in shares of Cisco Systems by 53.6% during the 4th quarter. Choreo LLC now owns 95,923 shares of the network equipment provider’s stock worth $4,846,000 after purchasing an additional 33,489 shares during the last quarter. Mather Group LLC. raised its holdings in Cisco Systems by 0.5% in the 4th quarter. Mather Group LLC. now owns 59,579 shares of the network equipment provider’s stock valued at $3,010,000 after acquiring an additional 282 shares in the last quarter. Gilbert & Cook Inc. lifted its holdings in Cisco Systems by 1.1% during the 4th quarter. Gilbert & Cook Inc. now owns 23,417 shares of the network equipment provider’s stock worth $1,183,000 after buying an additional 264 shares in the last quarter. Finally, Blue Chip Partners LLC grew its stake in Cisco Systems by 0.6% in the fourth quarter. Blue Chip Partners LLC now owns 358,791 shares of the network equipment provider’s stock valued at $18,126,000 after acquiring an additional 2,299 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on CSCO shares. Morgan Stanley assumed coverage on shares of Cisco Systems in a report on Tuesday, April 9th. They set an “overweight” rating and a $58.00 target price for the company. Piper Sandler boosted their price target on shares of Cisco Systems from $47.00 to $51.00 and gave the stock 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. UBS Group upped their target price on shares of Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Finally, Melius downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $55.53.

Cisco Systems Trading Up 0.0 %

Shares of CSCO stock traded up $0.02 on Monday, hitting $47.88. The stock had a trading volume of 4,800,124 shares, compared to its average volume of 19,171,842. The company’s 50 day moving average price is $48.94 and its 200-day moving average price is $50.01. The firm has a market capitalization of $193.88 billion, a P/E ratio of 14.55, a P/E/G ratio of 2.76 and a beta of 0.87. Cisco Systems, Inc. has a 1 year low of $45.56 and a 1 year high of $58.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The company had revenue of $12.79 billion during the quarter, compared to analysts’ expectations of $12.71 billion. During the same period last year, the firm earned $0.76 EPS. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. Analysts anticipate that Cisco Systems, Inc. will post 3.13 earnings per share for the current year.

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Thursday, April 4th were issued a $0.40 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 3.34%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio (DPR) is presently 48.63%.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems stock in a transaction that occurred on 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 directly owns 58,121 shares in the company, valued at $2,906,050. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Richard Scott Herren sold 13,942 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the sale, the chief financial officer now directly owns 328,491 shares in the company, valued at $16,424,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the sale, the senior vice president now owns 58,121 shares of the company’s stock, valued at $2,906,050. The disclosure for this sale can be found here. Insiders have sold 19,441 shares of company stock valued at $972,080 over the last three months. 0.02% of the stock is owned by company insiders.

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.