Cisco Systems, Inc. (NASDAQ:CSCO) Shares Acquired by Capital Advantage Inc.

Capital Advantage Inc. lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 1.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 18,165 shares of the network equipment provider’s stock after acquiring an additional 292 shares during the quarter. Capital Advantage Inc.’s holdings in Cisco Systems were worth $918,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wealthspire Advisors LLC grew its holdings in shares of Cisco Systems by 48.1% during the 3rd quarter. Wealthspire Advisors LLC now owns 71,385 shares of the network equipment provider’s stock worth $3,838,000 after purchasing an additional 23,194 shares during the period. HBK Sorce Advisory LLC boosted its holdings in Cisco Systems by 0.5% during the 3rd quarter. HBK Sorce Advisory LLC now owns 64,136 shares of the network equipment provider’s stock valued at $3,448,000 after acquiring an additional 301 shares during the period. Adage Capital Partners GP L.L.C. boosted its holdings in Cisco Systems by 1.1% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 4,470,521 shares of the network equipment provider’s stock valued at $240,335,000 after acquiring an additional 49,700 shares during the period. Waverly Advisors LLC boosted its holdings in Cisco Systems by 140.8% during the 3rd quarter. Waverly Advisors LLC now owns 46,753 shares of the network equipment provider’s stock valued at $2,513,000 after acquiring an additional 27,337 shares during the period. Finally, GHE LLC boosted its holdings in Cisco Systems by 0.9% during the 3rd quarter. GHE LLC now owns 34,431 shares of the network equipment provider’s stock valued at $1,851,000 after acquiring an additional 292 shares during the period. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were 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 of the company’s stock, valued at approximately $2,906,050. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the transaction, the chief financial officer now owns 328,491 shares in the company, valued at $16,424,550. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Maria Victoria Wong sold 2,497 shares of the business’s 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 $2,906,050. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,441 shares of company stock worth $972,080. 0.02% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on CSCO. UBS Group lifted their price objective on Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Melius cut Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Piper Sandler lifted their price objective on Cisco Systems from $47.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. Melius Research reissued a “hold” rating and set a $55.00 target price on shares of Cisco Systems in a research report on Monday, January 8th. Finally, StockNews.com lowered Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Cisco Systems has a consensus rating of “Hold” and a consensus price target of $56.42.

Get Our Latest Stock Report on Cisco Systems

Cisco Systems Stock Performance

CSCO traded up $0.13 during trading on Monday, hitting $50.04. 15,134,491 shares of the stock were exchanged, compared to its average volume of 19,852,553. The firm has a market capitalization of $202.62 billion, a P/E ratio of 15.22, a PEG ratio of 2.26 and a beta of 0.87. 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 stock has a fifty day moving average price of $49.73 and a two-hundred day moving average price of $50.80. Cisco Systems, Inc. has a 1-year low of $45.56 and a 1-year high of $58.19.

Cisco Systems (NASDAQ:CSCOGet Free Report) last announced its quarterly earnings data 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. The company had revenue of $12.79 billion during the quarter, compared to the consensus estimate of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. Cisco Systems’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 3.16 earnings per share for the current year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Wednesday, April 3rd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio is currently 47.42%.

Cisco Systems Company Profile

(Free Report)

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.

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

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