Revolve Wealth Partners LLC Boosts Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Revolve Wealth Partners LLC increased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 37.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,156 shares of the network equipment provider’s stock after acquiring an additional 2,474 shares during the period. Revolve Wealth Partners LLC’s holdings in Cisco Systems were worth $542,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. SkyView Investment Advisors LLC lifted its position in Cisco Systems by 13.8% during the second quarter. SkyView Investment Advisors LLC now owns 9,748 shares of the network equipment provider’s stock valued at $463,000 after purchasing an additional 1,179 shares during the period. Magnolia Capital Advisors LLC lifted its holdings in shares of Cisco Systems by 152.5% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 76,843 shares of the network equipment provider’s stock valued at $3,651,000 after buying an additional 46,414 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Cisco Systems by 5.0% in the second quarter. NewEdge Advisors LLC now owns 450,984 shares of the network equipment provider’s stock worth $21,426,000 after acquiring an additional 21,295 shares during the period. Wallace Advisory Group LLC increased its position in Cisco Systems by 13.2% during the second quarter. Wallace Advisory Group LLC now owns 21,651 shares of the network equipment provider’s stock valued at $1,029,000 after acquiring an additional 2,521 shares during the last quarter. Finally, Quarry LP lifted its holdings in Cisco Systems by 222.4% in the second quarter. Quarry LP now owns 661 shares of the network equipment provider’s stock valued at $31,000 after acquiring an additional 456 shares during the period. 73.33% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 transaction, the senior vice president now owns 50,767 shares in the company, valued at $2,979,515.23. The trade was a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Charles Robbins sold 171,744 shares of Cisco Systems stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $9,873,562.56. Following the transaction, the chief executive officer now directly owns 783,786 shares of the company’s stock, valued at approximately $45,059,857.14. This represents a 17.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 353,522 shares of company stock valued at $20,349,721 over the last ninety days. 0.01% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CSCO. Melius Research raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. upgraded shares of Cisco Systems from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $55.00 to $66.00 in a research report on Monday, November 11th. UBS Group boosted their price objective on shares of Cisco Systems from $55.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Melius raised Cisco Systems from a “hold” rating to a “buy” rating and raised their target price for the stock from $66.00 to $73.00 in a report on Monday, January 6th. Finally, Citigroup boosted their price target on Cisco Systems from $64.00 to $68.00 and gave the company a “buy” rating in a report on Friday, January 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 company. According to data from MarketBeat, Cisco Systems presently has an average rating of “Moderate Buy” and an average price target of $61.50.

Cisco Systems Price Performance

Shares of Cisco Systems stock opened at $59.09 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $62.31. The stock has a 50 day moving average of $59.22 and a 200 day moving average of $54.14. The firm has a market cap of $235.35 billion, a PE ratio of 25.36, a PEG ratio of 4.59 and a beta of 0.84.

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

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd were given a $0.40 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.71%. Cisco Systems’s dividend payout ratio is currently 68.67%.

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.