43,872 Shares in Cisco Systems, Inc. (NASDAQ:CSCO) Purchased by Trust Point Inc.

Trust Point Inc. acquired a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCOFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 43,872 shares of the network equipment provider’s stock, valued at approximately $2,216,000.

A number of other large investors have also added to or reduced their stakes in the stock. Wealth Dimensions Group Ltd. raised its holdings in Cisco Systems by 1.4% in the second quarter. Wealth Dimensions Group Ltd. now owns 13,401 shares of the network equipment provider’s stock worth $693,000 after purchasing an additional 188 shares in the last quarter. Strong Tower Advisory Services boosted its position in Cisco Systems by 1.3% in the 3rd quarter. Strong Tower Advisory Services now owns 14,831 shares of the network equipment provider’s stock worth $797,000 after purchasing an additional 190 shares in the last quarter. Richard W. Paul & Associates LLC boosted its position in Cisco Systems by 0.9% in the 3rd quarter. Richard W. Paul & Associates LLC now owns 20,996 shares of the network equipment provider’s stock worth $1,129,000 after purchasing an additional 191 shares in the last quarter. Cassia Capital Partners LLC raised its stake in shares of Cisco Systems by 1.4% during the 3rd quarter. Cassia Capital Partners LLC now owns 13,950 shares of the network equipment provider’s stock worth $750,000 after buying an additional 191 shares during the period. Finally, Waddell & Associates LLC raised its stake in shares of Cisco Systems by 0.8% during the 3rd quarter. Waddell & Associates LLC now owns 24,693 shares of the network equipment provider’s stock worth $1,328,000 after buying an additional 191 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Price Performance

CSCO stock remained flat at $48.96 during trading on Wednesday. The company’s stock had a trading volume of 5,265,819 shares, compared to its average volume of 19,569,363. The firm’s 50-day simple moving average is $49.65 and its 200 day simple moving average is $50.71. Cisco Systems, Inc. has a 1 year low of $45.56 and a 1 year high of $58.19. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. The firm has a market cap of $198.25 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 2.27 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCOGet Free Report) last issued its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The company had revenue of $12.79 billion during the quarter, compared to the consensus estimate of $12.71 billion. During the same quarter in the prior year, the business earned $0.76 earnings per share. The company’s revenue was down 5.9% compared to the same quarter last year. On average, equities research analysts predict that Cisco Systems, Inc. will post 3.16 earnings per share for the current year.

Cisco Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th will be given a $0.40 dividend. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.60 annualized dividend and a dividend yield of 3.27%. Cisco Systems’s dividend payout ratio is presently 47.42%.

Wall Street Analyst Weigh In

Several research firms recently commented on CSCO. UBS Group increased their price objective on Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Wells Fargo & Company began coverage on Cisco Systems in a research note on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 target price for the company. Melius Research reaffirmed a “hold” rating and issued a $55.00 target price on shares of Cisco Systems in a research note on Monday, January 8th. Piper Sandler increased their price target on Cisco Systems from $47.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, March 20th. Finally, Barclays raised their target price on Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Cisco Systems presently has a consensus rating of “Hold” and a consensus target price of $56.42.

View Our Latest Stock Report on Cisco Systems

Insider Transactions at Cisco Systems

In other news, CFO Richard Scott Herren sold 13,942 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the sale, the chief financial officer now owns 328,491 shares of the company’s stock, valued at $16,424,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the transaction, the chief financial officer now owns 328,491 shares of the company’s stock, valued at $16,424,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Maria Victoria Wong sold 2,497 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the completion of the transaction, the senior vice president now directly owns 58,121 shares of the company’s stock, valued at approximately $2,906,050. The disclosure for this sale can be found here. Insiders sold 19,441 shares of company stock valued at $972,080 over the last quarter. Company insiders own 0.02% of the company’s stock.

Cisco Systems Profile

(Free Report)

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.

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

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