Cisco Systems, Inc. (NASDAQ:CSCO) Holdings Decreased by Van ECK Associates Corp

Van ECK Associates Corp decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,138,411 shares of the network equipment provider’s stock after selling 69,229 shares during the quarter. Van ECK Associates Corp’s holdings in Cisco Systems were worth $54,086,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. GUNN & Co INVESTMENT MANAGEMENT INC. boosted its position in Cisco Systems by 1,161.9% during the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 1,008,782 shares of the network equipment provider’s stock valued at $50,964,000 after purchasing an additional 928,841 shares during the last quarter. Gilbert & Cook Inc. boosted its position in Cisco Systems by 1.1% during the fourth quarter. Gilbert & Cook Inc. now owns 23,417 shares of the network equipment provider’s stock valued at $1,183,000 after purchasing an additional 264 shares during the last quarter. Bordeaux Wealth Advisors LLC lifted its position in shares of Cisco Systems by 17.0% in the fourth quarter. Bordeaux Wealth Advisors LLC now owns 12,370 shares of the network equipment provider’s stock worth $625,000 after buying an additional 1,801 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in shares of Cisco Systems by 1.0% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 384,662 shares of the network equipment provider’s stock worth $19,433,000 after buying an additional 3,725 shares during the last quarter. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of Cisco Systems in the fourth quarter worth about $231,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Transactions at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 2,619 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $45.34, for a total value of $118,745.46. Following the transaction, the executive vice president now directly owns 176,384 shares of the company’s stock, valued at approximately $7,997,250.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Maria Victoria Wong sold 762 shares of the business’s 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 directly owns 51,788 shares of the company’s stock, valued at approximately $2,352,210.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 2,619 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $45.34, for a total value of $118,745.46. Following the transaction, the executive vice president now directly owns 176,384 shares in the company, valued at approximately $7,997,250.56. The disclosure for this sale can be found here. Insiders have sold 71,944 shares of company stock valued at $3,566,120 in the last three months. 0.02% of the stock is owned by corporate insiders.

Cisco Systems Stock Performance

CSCO traded up $0.15 on Friday, hitting $50.54. 15,615,756 shares of the stock traded hands, compared to its average volume of 19,705,105. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $58.19. The company has a current ratio of 0.89, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $203.62 billion, a PE ratio of 17.02, a P/E/G ratio of 2.97 and a beta of 0.85. The business has a fifty day moving average price of $47.62 and a two-hundred day moving average price of $47.92.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.02. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. The company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same period in the prior year, the company posted $1.01 EPS. The company’s revenue was down 10.3% compared to the same quarter last year. On average, research analysts predict that Cisco Systems, Inc. will post 3.14 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Wednesday, October 2nd. Cisco Systems’s payout ratio is currently 53.87%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CSCO shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a research report on Thursday, August 15th. JPMorgan Chase & Co. boosted their price target on Cisco Systems from $53.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, August 8th. Despite investors’ hopes for a rebound in Networking Equipment demand to boost Cisco’s fourth-quarter 2024 performance, the anticipation is tempered by limited indications of a significant recovery in demand. StockNews.com cut Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Wells Fargo & Company boosted their price target on Cisco Systems from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 16th. Finally, Jefferies Financial Group reduced their price target on Cisco Systems from $56.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $55.89.

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.