Income Insurance Ltd Takes $936,000 Position in Cisco Systems, Inc. $CSCO

Income Insurance Ltd acquired a new stake in Cisco Systems, Inc. (NASDAQ:CSCO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 12,148 shares of the network equipment provider’s stock, valued at approximately $936,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. D Orazio & Associates Inc. lifted its stake in shares of Cisco Systems by 3.4% in the 4th quarter. D Orazio & Associates Inc. now owns 10,385 shares of the network equipment provider’s stock valued at $800,000 after purchasing an additional 345 shares during the period. Advisor OS LLC grew its position in shares of Cisco Systems by 12.4% during the 4th quarter. Advisor OS LLC now owns 30,315 shares of the network equipment provider’s stock worth $2,335,000 after buying an additional 3,348 shares during the period. Plato Investment Management Ltd increased its stake in shares of Cisco Systems by 9.3% in the 4th quarter. Plato Investment Management Ltd now owns 115,836 shares of the network equipment provider’s stock valued at $8,966,000 after acquiring an additional 9,896 shares in the last quarter. Bensler LLC bought a new stake in shares of Cisco Systems in the 4th quarter valued at $224,000. Finally, Oxbow Advisors LLC increased its stake in shares of Cisco Systems by 2.0% in the 4th quarter. Oxbow Advisors LLC now owns 7,819 shares of the network equipment provider’s stock valued at $602,000 after acquiring an additional 153 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Cisco Systems

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Cisco is drawing heavier investor attention ahead of earnings, which can support trading volume and sentiment as traders position for a potential report-driven move. Cisco Systems, Inc. (CSCO) Is a Trending Stock: Facts to Know Before Betting on It
• Positive Sentiment: Analysts are continuing to frame Cisco’s investment case around its next quarterly results, with some views slightly improving fair value estimates, suggesting lingering confidence in the company’s fundamentals. How The Cisco Systems (CSCO) Investment Story Is Shifting As Analyst Views Diverge
• Neutral Sentiment: Cisco is set to participate in multiple upcoming financial-community events in May and June, which keeps management visible to investors but does not directly change the fundamentals. Cisco to Participate in May & June Events with the Financial Community
• Neutral Sentiment: Wall Street estimates for Cisco’s upcoming quarter are being closely dissected, but this is mainly an expectations check ahead of earnings rather than a new business catalyst. Unlocking Q3 Potential of Cisco (CSCO): Exploring Wall Street Estimates for Key Metrics
• Negative Sentiment: Recent coverage noted Cisco shares underperformed the broader market and dropped in the latest session, showing some near-term pressure before the company’s next earnings catalyst. Cisco Systems (CSCO) Stock Drops Despite Market Gains: Important Facts to Note

Cisco Systems Trading Up 4.8%

CSCO opened at $96.57 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.96 and a quick ratio of 0.85. Cisco Systems, Inc. has a fifty-two week low of $59.44 and a fifty-two week high of $97.02. The firm has a market capitalization of $381.44 billion, a PE ratio of 33.88, a P/E/G ratio of 3.62 and a beta of 0.92. The company’s 50-day moving average is $82.32 and its 200 day moving average is $78.56.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. The company had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.11 billion. During the same quarter in the prior year, the business posted $0.94 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. As a group, research analysts predict that Cisco Systems, Inc. will post 3.42 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Thursday, April 2nd were issued a $0.42 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.41. Cisco Systems’s dividend payout ratio (DPR) is currently 58.95%.

Wall Street Analysts Forecast Growth

CSCO has been the subject of several research analyst reports. HSBC lifted their price objective on shares of Cisco Systems from $74.00 to $77.00 and gave the company a “hold” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. lifted their price objective on shares of Cisco Systems from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Citigroup lifted their price objective on shares of Cisco Systems from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. DZ Bank upgraded shares of Cisco Systems to a “strong-buy” rating in a research note on Friday, February 13th. Finally, Evercore lifted their price objective on shares of Cisco Systems from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.29.

Insider Activity

In other Cisco Systems news, insider Jeetendra I. Patel sold 11,248 shares of Cisco Systems stock in a transaction on Friday, February 13th. The shares were sold at an average price of $76.00, for a total transaction of $854,848.00. Following the transaction, the insider directly owned 262,776 shares of the company’s stock, valued at $19,970,976. The trade was a 4.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 7,981 shares of Cisco Systems stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $79.50, for a total transaction of $634,489.50. Following the transaction, the executive vice president directly owned 187,097 shares in the company, valued at $14,874,211.50. This represents a 4.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 46,431 shares of company stock worth $3,574,820. Company insiders own 0.01% of the company’s stock.

About Cisco Systems

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.