Stephens Consulting LLC Acquires 398 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Stephens Consulting LLC lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 15.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,011 shares of the network equipment provider’s stock after purchasing an additional 398 shares during the period. Stephens Consulting LLC’s holdings in Cisco Systems were worth $178,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CSCO. Quarry LP boosted its position in shares of Cisco Systems by 222.4% during the 2nd quarter. Quarry LP now owns 661 shares of the network equipment provider’s stock worth $31,000 after purchasing an additional 456 shares in the last quarter. Czech National Bank boosted its holdings in Cisco Systems by 6.4% in the third quarter. Czech National Bank now owns 820,712 shares of the network equipment provider’s stock worth $43,678,000 after acquiring an additional 49,100 shares in the last quarter. GAMMA Investing LLC grew its stake in Cisco Systems by 19.4% in the third quarter. GAMMA Investing LLC now owns 82,544 shares of the network equipment provider’s stock valued at $4,393,000 after acquiring an additional 13,406 shares during the period. Azzad Asset Management Inc. ADV increased its holdings in shares of Cisco Systems by 2.3% during the third quarter. Azzad Asset Management Inc. ADV now owns 39,516 shares of the network equipment provider’s stock valued at $2,103,000 after acquiring an additional 907 shares in the last quarter. Finally, Diversified Trust Co raised its position in shares of Cisco Systems by 3.6% during the third quarter. Diversified Trust Co now owns 51,885 shares of the network equipment provider’s stock worth $2,761,000 after purchasing an additional 1,827 shares during the period. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Up 0.7 %

CSCO opened at $61.04 on Tuesday. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $62.31. The company’s 50-day moving average price is $59.44 and its two-hundred day moving average price is $54.58. The stock has a market cap of $243.11 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 4.51 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 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 business had revenue of $13.84 billion for the quarter, compared to the consensus estimate of $13.78 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. Cisco Systems’s revenue for the quarter was down 5.6% on a year-over-year basis. As a group, equities analysts expect that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Friday, January 3rd. Cisco Systems’s dividend payout ratio is currently 68.67%.

Wall Street Analyst Weigh In

CSCO has been the subject of several research reports. Piper Sandler lifted their price target on shares of Cisco Systems from $52.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Morgan Stanley lifted their price objective on shares of Cisco Systems from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Tigress Financial upped their target price on shares of Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Melius Research upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Wells Fargo & Company increased their price objective on Cisco Systems from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Cisco Systems currently has a consensus rating of “Moderate Buy” and an average price target of $62.72.

Insider Buying and Selling at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 21,230 shares of Cisco Systems stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $57.07, for a total value of $1,211,596.10. Following the transaction, the executive vice president now owns 213,834 shares in the company, valued at $12,203,506.38. This trade represents a 9.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Robbins sold 171,744 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $9,873,562.56. Following the sale, the chief executive officer now directly owns 783,786 shares of the company’s stock, valued at approximately $45,059,857.14. This trade represents a 17.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 353,522 shares of company stock valued at $20,349,721 over the last three months. 0.01% of the stock is currently owned by insiders.

About Cisco Systems

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.