Clarius Group LLC Has $1.51 Million Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Clarius Group LLC lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,416 shares of the network equipment provider’s stock after buying an additional 193 shares during the quarter. Clarius Group LLC’s holdings in Cisco Systems were worth $1,505,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. J2 Capital Management Inc acquired a new stake in Cisco Systems during the 4th quarter worth $548,000. Aaron Wealth Advisors LLC boosted its position in shares of Cisco Systems by 5.2% in the 4th quarter. Aaron Wealth Advisors LLC now owns 31,974 shares of the network equipment provider’s stock worth $1,893,000 after purchasing an additional 1,584 shares during the last quarter. Moss Adams Wealth Advisors LLC grew its stake in shares of Cisco Systems by 11.7% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 11,238 shares of the network equipment provider’s stock worth $665,000 after purchasing an additional 1,175 shares during the period. Astoria Portfolio Advisors LLC. lifted its stake in Cisco Systems by 5.1% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 12,949 shares of the network equipment provider’s stock valued at $768,000 after buying an additional 623 shares during the period. Finally, Financial Management Professionals Inc. boosted its holdings in Cisco Systems by 8.4% during the fourth quarter. Financial Management Professionals Inc. now owns 10,682 shares of the network equipment provider’s stock worth $632,000 after buying an additional 830 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CSCO has been the subject of a number of recent analyst reports. StockNews.com raised Cisco Systems from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Tigress Financial upped their target price on shares of Cisco Systems from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Piper Sandler lifted their price target on shares of Cisco Systems from $52.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. upgraded shares of Cisco Systems from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $55.00 to $66.00 in a research report on Monday, November 11th. Finally, Morgan Stanley lifted their target price on Cisco Systems from $62.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.50.

Cisco Systems Price Performance

NASDAQ CSCO opened at $60.23 on Friday. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $60.95. The firm’s 50 day moving average is $58.91 and its 200-day moving average is $53.52. The company has a market capitalization of $239.88 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 4.37 and a beta of 0.84. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. The firm had revenue of $13.84 billion for the quarter, compared to analysts’ expectations of $13.78 billion. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 EPS. Equities research analysts anticipate that Cisco Systems, Inc. will post 2.97 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, January 22nd. Investors of record on Friday, January 3rd will be paid a $0.40 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.66%. Cisco Systems’s dividend payout ratio is presently 68.67%.

Insider Transactions at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 3,042 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $59.19, for a total value of $180,055.98. Following the transaction, the executive vice president now directly owns 207,798 shares in the company, valued at approximately $12,299,563.62. This represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Maria Victoria Wong sold 4,881 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $59.73, for a total transaction of $291,542.13. Following the transaction, the senior vice president now owns 51,931 shares in the company, valued at approximately $3,101,838.63. The trade was a 8.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 353,522 shares of company stock worth $20,349,721 in the last ninety days. Insiders own 0.01% of the company’s stock.

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.