Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Brandywine Oak Private Wealth LLC

Brandywine Oak Private Wealth LLC decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,432 shares of the network equipment provider’s stock after selling 870 shares during the period. Brandywine Oak Private Wealth LLC’s holdings in Cisco Systems were worth $679,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. acquired a new position in Cisco Systems during the third quarter worth approximately $27,000. Valued Wealth Advisors LLC acquired a new position in shares of Cisco Systems in the fourth quarter valued at approximately $32,000. Morton Brown Family Wealth LLC increased its holdings in shares of Cisco Systems by 41.9% in the fourth quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 208 shares during the period. Bourgeon Capital Management LLC increased its holdings in shares of Cisco Systems by 3,500.0% in the fourth quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 700 shares during the period. Finally, Rakuten Securities Inc. acquired a new position in Cisco Systems during the fourth quarter worth $43,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of research firms have commented on CSCO. Piper Sandler boosted their target price on Cisco Systems from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. Barclays increased their target price on Cisco Systems from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Melius downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Morgan Stanley initiated coverage on Cisco Systems in a research report on Tuesday, April 9th. They set an “overweight” rating and a $58.00 target price on the stock. Finally, UBS Group upped their price target on Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $55.53.

Cisco Systems Stock Performance

NASDAQ:CSCO traded up $0.25 during trading hours on Wednesday, reaching $47.23. 3,710,285 shares of the stock were exchanged, compared to its average volume of 19,062,318. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. The firm has a 50 day simple moving average of $48.90 and a 200-day simple moving average of $49.92. Cisco Systems, Inc. has a 52 week low of $45.56 and a 52 week high of $58.19. The stock has a market capitalization of $191.24 billion, a P/E ratio of 14.28, a P/E/G ratio of 2.76 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 EPS 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 for the quarter, compared to the consensus estimate of $12.71 billion. During the same quarter last year, the business posted $0.76 EPS. Cisco Systems’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Cisco Systems, Inc. will post 3.13 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Thursday, April 4th were issued a $0.40 dividend. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.60 annualized dividend and a dividend yield of 3.39%. Cisco Systems’s dividend payout ratio (DPR) is 48.63%.

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.