Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 26.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,514 shares of the network equipment provider’s stock after selling 3,802 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Cisco Systems were worth $525,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CSCO. Norges Bank purchased a new stake in Cisco Systems in the 4th quarter valued at about $2,528,939,000. Charles Schwab Investment Management Inc. grew its position in shares of Cisco Systems by 9.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 73,439,747 shares of the network equipment provider’s stock worth $3,672,445,000 after buying an additional 6,345,954 shares in the last quarter. FIL Ltd increased its stake in shares of Cisco Systems by 47.1% during the fourth quarter. FIL Ltd now owns 18,922,422 shares of the network equipment provider’s stock worth $955,961,000 after buying an additional 6,054,748 shares during the period. Dimensional Fund Advisors LP raised its holdings in Cisco Systems by 29.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,727,214 shares of the network equipment provider’s stock valued at $895,576,000 after acquiring an additional 3,989,543 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in Cisco Systems by 25.0% in the fourth quarter. California Public Employees Retirement System now owns 18,750,237 shares of the network equipment provider’s stock worth $947,262,000 after acquiring an additional 3,753,165 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on CSCO shares. JPMorgan Chase & Co. assumed coverage on Cisco Systems in a report on Monday, April 22nd. They issued a “neutral” rating and a $53.00 target price on the stock. Wells Fargo & Company upped their price target on Cisco Systems from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Thursday, May 16th. Bank of America upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $55.00 to $60.00 in a research report on Monday, April 15th. Piper Sandler reiterated a “neutral” rating and set a $52.00 price target on shares of Cisco Systems in a research note on Wednesday, June 5th. Finally, Oppenheimer raised their price objective on Cisco Systems from $54.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cisco Systems presently has a consensus rating of “Hold” and a consensus target price of $56.47.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 2,619 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $45.34, for a total transaction of $118,745.46. Following the sale, the executive vice president now directly owns 176,384 shares in the company, valued at $7,997,250.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Deborah L. Stahlkopf sold 2,619 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $45.34, for a total value of $118,745.46. Following the sale, the executive vice president now directly owns 176,384 shares in the company, valued at $7,997,250.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Maria Victoria Wong sold 762 shares of Cisco Systems stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $45.42, for a total value of $34,610.04. Following the transaction, the senior vice president now owns 51,788 shares of the company’s stock, valued at $2,352,210.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,106 shares of company stock valued at $1,908,923. Corporate insiders own 0.02% of the company’s stock.

Cisco Systems Stock Performance

Cisco Systems stock traded down $0.24 during trading hours on Tuesday, reaching $47.28. 19,792,607 shares of the stock were exchanged, compared to its average volume of 19,727,699. Cisco Systems, Inc. has a 52-week low of $44.95 and a 52-week high of $58.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.89. The firm’s 50 day moving average is $47.05 and its 200 day moving average is $48.77. The stock has a market cap of $190.48 billion, a P/E ratio of 15.91, a P/E/G ratio of 2.75 and a beta of 0.85.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. The company had revenue of $12.70 billion for the quarter, compared to analyst estimates of $12.53 billion. During the same quarter in the previous year, the company earned $0.88 EPS. The firm’s revenue for the quarter was down 12.8% compared to the same quarter last year. Analysts predict that Cisco Systems, Inc. will post 3.14 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Friday, July 5th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Friday, July 5th. Cisco Systems’s dividend payout ratio is currently 53.87%.

About Cisco Systems

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.