Moloney Securities Asset Management LLC Buys 642 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Moloney Securities Asset Management LLC lifted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 66,055 shares of the network equipment provider’s stock after buying an additional 642 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Cisco Systems were worth $3,515,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. grew its holdings in shares of Cisco Systems by 226.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 26,423 shares of the network equipment provider’s stock worth $1,319,000 after acquiring an additional 18,339 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Cisco Systems during the first quarter valued at approximately $423,000. Larson Financial Group LLC increased its position in Cisco Systems by 32.0% in the first quarter. Larson Financial Group LLC now owns 7,510 shares of the network equipment provider’s stock worth $375,000 after purchasing an additional 1,822 shares during the last quarter. Avidian Wealth Solutions LLC lifted its holdings in shares of Cisco Systems by 2.4% in the 1st quarter. Avidian Wealth Solutions LLC now owns 23,418 shares of the network equipment provider’s stock valued at $1,169,000 after acquiring an additional 545 shares during the last quarter. Finally, Catalina Capital Group LLC boosted its holdings in shares of Cisco Systems by 85.6% in the 1st quarter. Catalina Capital Group LLC now owns 13,788 shares of the network equipment provider’s stock worth $688,000 after purchasing an additional 6,361 shares during the period. Institutional investors own 73.33% of the company’s stock.

Insider Activity at Cisco Systems

In other news, CEO Charles Robbins sold 27,143 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $49.45, for a total value of $1,342,221.35. Following the completion of the sale, the chief executive officer now directly owns 683,403 shares in the company, valued at $33,794,278.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Cisco Systems news, CEO Charles Robbins sold 27,143 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $49.45, for a total value of $1,342,221.35. Following the completion of the sale, the chief executive officer now directly owns 683,403 shares of the company’s stock, valued at $33,794,278.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Maria Victoria Wong sold 3,379 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 47,182 shares of the company’s stock, valued at approximately $2,376,085.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,529 shares of company stock valued at $3,509,049. 0.01% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CSCO. StockNews.com raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Piper Sandler reaffirmed a “neutral” rating and issued a $52.00 price objective on shares of Cisco Systems in a research note on Thursday, August 15th. New Street Research raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Thursday, August 15th. HSBC upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and increased their price objective for the company from $46.00 to $58.00 in a research note on Friday, August 16th. Finally, Tigress Financial upped their target price on Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $56.74.

Cisco Systems Price Performance

Shares of NASDAQ CSCO opened at $55.83 on Tuesday. The business’s 50 day moving average price is $52.73 and its 200 day moving average price is $49.16. The firm has a market cap of $222.80 billion, a P/E ratio of 21.98, a P/E/G ratio of 4.60 and a beta of 0.83. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $57.06.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Cisco Systems had a return on equity of 27.83% and a net margin of 19.18%. The company had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same period in the previous year, the company posted $1.01 earnings per share. Cisco Systems’s revenue for the quarter was down 10.3% on a year-over-year basis. On average, sell-side analysts expect that Cisco Systems, Inc. will post 2.89 earnings per share for the current year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.87%. The ex-dividend date was Wednesday, October 2nd. Cisco Systems’s payout ratio is presently 62.99%.

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.