Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 55,427 shares of the network equipment provider’s stock after selling 193 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Cisco Systems were worth $3,281,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSCO. VanderPol Investments L.L.C. acquired a new stake in Cisco Systems in the 4th quarter valued at approximately $226,000. Allen Capital Group LLC grew its stake in shares of Cisco Systems by 6.5% in the fourth quarter. Allen Capital Group LLC now owns 86,607 shares of the network equipment provider’s stock valued at $5,127,000 after buying an additional 5,285 shares in the last quarter. Masso Torrence Wealth Management Inc. raised its holdings in shares of Cisco Systems by 3.7% in the 4th quarter. Masso Torrence Wealth Management Inc. now owns 8,313 shares of the network equipment provider’s stock valued at $492,000 after buying an additional 294 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in Cisco Systems by 3.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,021,801 shares of the network equipment provider’s stock worth $238,091,000 after acquiring an additional 144,803 shares in the last quarter. Finally, Twelve Points Wealth Management LLC boosted its holdings in Cisco Systems by 12.7% during the 4th quarter. Twelve Points Wealth Management LLC now owns 50,493 shares of the network equipment provider’s stock valued at $2,989,000 after acquiring an additional 5,702 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CSCO shares. Piper Sandler increased 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. BNP Paribas upgraded shares of Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 target price on the stock in a report on Tuesday. Morgan Stanley boosted their price target on shares of Cisco Systems from $62.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Melius Research upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. upgraded Cisco Systems from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $55.00 to $66.00 in a report on Monday, November 11th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.72.

Cisco Systems Trading Up 0.2 %

NASDAQ CSCO opened at $59.55 on Thursday. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $62.31. The firm has a market cap of $237.17 billion, a PE ratio of 25.56, a P/E/G ratio of 4.59 and a beta of 0.84. The firm’s fifty day moving average is $59.30 and its two-hundred day moving average is $54.32. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The firm had revenue of $13.84 billion during the quarter, compared to the consensus estimate of $13.78 billion. During the same period in the prior year, the business earned $0.98 EPS. The firm’s revenue was down 5.6% compared to the same quarter last year. Analysts expect that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.69%. Cisco Systems’s payout ratio is currently 68.67%.

Insider Transactions at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 586 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $58.69, for a total transaction of $34,392.34. Following the sale, the senior vice president now directly owns 50,767 shares in the company, valued at approximately $2,979,515.23. The trade was a 1.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles Robbins sold 171,744 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $57.49, for a total transaction of $9,873,562.56. Following the completion of the sale, the chief executive officer now owns 783,786 shares of the company’s stock, valued at $45,059,857.14. This trade represents a 17.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 353,522 shares of company stock worth $20,349,721. Company 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.