D Orazio & Associates Inc. Sells 1,083 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

D Orazio & Associates Inc. cut its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 10.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 9,293 shares of the network equipment provider’s stock after selling 1,083 shares during the period. D Orazio & Associates Inc.’s holdings in Cisco Systems were worth $442,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Gilbert & Cook Inc. boosted its holdings in Cisco Systems by 1.1% in the fourth quarter. Gilbert & Cook Inc. now owns 23,417 shares of the network equipment provider’s stock worth $1,183,000 after acquiring an additional 264 shares in the last quarter. Gryphon Financial Partners LLC boosted its holdings in Cisco Systems by 104.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 23,064 shares of the network equipment provider’s stock worth $1,177,000 after acquiring an additional 11,767 shares in the last quarter. Jump Financial LLC boosted its holdings in Cisco Systems by 70.1% in the fourth quarter. Jump Financial LLC now owns 24,137 shares of the network equipment provider’s stock worth $1,219,000 after acquiring an additional 9,943 shares in the last quarter. Apexium Financial LP boosted its holdings in Cisco Systems by 33.5% in the fourth quarter. Apexium Financial LP now owns 18,289 shares of the network equipment provider’s stock worth $924,000 after acquiring an additional 4,587 shares in the last quarter. Finally, Jag Capital Management LLC raised its stake in shares of Cisco Systems by 2.2% in the fourth quarter. Jag Capital Management LLC now owns 70,553 shares of the network equipment provider’s stock worth $3,564,000 after purchasing an additional 1,537 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CSCO has been the subject of several recent analyst reports. New Street Research upgraded Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Thursday, August 15th. Jefferies Financial Group decreased their price target on Cisco Systems from $56.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. StockNews.com cut Cisco Systems from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. 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 note 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. Finally, Hsbc Global Res raised Cisco Systems to a “strong-buy” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Cisco Systems has a consensus rating of “Hold” and a consensus target price of $55.89.

Insider Activity at Cisco Systems

In related news, SVP Maria Victoria Wong sold 3,379 shares of Cisco Systems stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $50.36, for a total transaction of $170,166.44. Following the transaction, the senior vice president now owns 47,182 shares in the company, valued at approximately $2,376,085.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Cisco Systems news, SVP Maria Victoria Wong sold 3,379 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $50.36, for a total value of $170,166.44. Following the sale, the senior vice president now owns 47,182 shares in the company, valued at approximately $2,376,085.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Charles Robbins sold 27,143 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $49.45, for a total transaction of $1,342,221.35. Following the completion of the sale, the chief executive officer now owns 683,403 shares in the company, valued at approximately $33,794,278.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,563 shares of company stock worth $3,412,764. 0.02% of the stock is owned by corporate insiders.

Cisco Systems Stock Performance

CSCO opened at $49.11 on Thursday. The company has a 50 day simple moving average of $47.94 and a two-hundred day simple moving average of $47.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.91 and a quick ratio of 0.83. The firm has a market cap of $197.86 billion, a P/E ratio of 16.54, a PEG ratio of 3.82 and a beta of 0.83. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $56.86.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The company had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $13.53 billion. During the same quarter in the previous year, the company earned $1.01 EPS. Cisco Systems’s revenue for the quarter was down 10.3% on a year-over-year basis. Equities analysts forecast that Cisco Systems, Inc. will post 2.9 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Wednesday, October 2nd. Cisco Systems’s dividend payout ratio (DPR) is 53.87%.

Cisco Systems Company 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.