Chevy Chase Trust Holdings LLC Has $106.12 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Chevy Chase Trust Holdings LLC increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,653,021 shares of the network equipment provider’s stock after buying an additional 25,887 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Cisco Systems were worth $106,121,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Syverson Strege & Co increased its holdings in Cisco Systems by 68.9% during the 2nd quarter. Syverson Strege & Co now owns 591 shares of the network equipment provider’s stock worth $25,000 after purchasing an additional 241 shares in the last quarter. Iron Horse Wealth Management LLC increased its holdings in Cisco Systems by 328.1% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 655 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 502 shares in the last quarter. Steward Financial Group LLC increased its holdings in Cisco Systems by 49.5% during the 2nd quarter. Steward Financial Group LLC now owns 788 shares of the network equipment provider’s stock worth $33,000 after purchasing an additional 261 shares in the last quarter. Moisand Fitzgerald Tamayo LLC increased its holdings in Cisco Systems by 161.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 810 shares of the network equipment provider’s stock worth $35,000 after purchasing an additional 500 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC increased its holdings in Cisco Systems by 164.0% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 813 shares of the network equipment provider’s stock worth $35,000 after purchasing an additional 505 shares in the last quarter. 71.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Jeffery S. Sharritts sold 637 shares of the stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $50.08, for a total value of $31,900.96. Following the sale, the executive vice president now owns 276,589 shares in the company, valued at $13,851,577.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Jeffery S. Sharritts sold 637 shares of the stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $50.08, for a total value of $31,900.96. Following the sale, the executive vice president now owns 276,589 shares in the company, valued at $13,851,577.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard Scott Herren sold 98,342 shares of the stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $50.03, for a total value of $4,920,050.26. Following the completion of the transaction, the chief financial officer now directly owns 304,048 shares in the company, valued at approximately $15,211,521.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 243,098 shares of company stock worth $11,939,277. Corporate insiders own 0.02% of the company’s stock.

Cisco Systems Trading Up 0.7 %

NASDAQ:CSCO opened at $47.81 on Wednesday. The company has a market cap of $196.44 billion, a P/E ratio of 17.26, a P/E/G ratio of 2.31 and a beta of 0.99. The stock’s fifty day moving average price is $48.07 and its two-hundred day moving average price is $45.41. Cisco Systems, Inc. has a 1 year low of $38.60 and a 1 year high of $57.69. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.34.

Cisco Systems (NASDAQ:CSCOGet Rating) last posted its earnings results on Wednesday, November 16th. The network equipment provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.04. The firm had revenue of $13.63 billion for the quarter, compared to the consensus estimate of $13.29 billion. Cisco Systems had a return on equity of 31.68% and a net margin of 22.00%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.73 earnings per share. As a group, analysts expect that Cisco Systems, Inc. will post 3.16 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Thursday, January 5th will be given a $0.38 dividend. The ex-dividend date is Wednesday, January 4th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.18%. Cisco Systems’s dividend payout ratio (DPR) is presently 54.87%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CSCO shares. Bank of America reaffirmed a “buy” rating and issued a $52.00 target price on shares of Cisco Systems in a report on Wednesday, November 16th. Credit Suisse Group upped their target price on Cisco Systems from $65.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, November 17th. Piper Sandler upped their target price on Cisco Systems from $47.00 to $49.00 in a report on Tuesday, January 17th. Morgan Stanley upped their target price on Cisco Systems from $48.00 to $52.00 and gave the company an “equal weight” rating in a report on Tuesday, December 13th. Finally, TheStreet raised Cisco Systems from a “c+” rating to a “b-” rating in a report on Monday, November 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.95.

About Cisco Systems

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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 that are standalone, controller appliance-based, switch-converged, and Meraki cloud-managed offerings; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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