Cisco Systems, Inc. (NASDAQ:CSCO) Shares Purchased by Zhang Financial LLC

Zhang Financial LLC lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,245 shares of the network equipment provider’s stock after buying an additional 2,327 shares during the quarter. Zhang Financial LLC’s holdings in Cisco Systems were worth $1,528,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CSCO. State Street Corp grew its holdings in Cisco Systems by 2.2% during the 1st quarter. State Street Corp now owns 184,879,450 shares of the network equipment provider’s stock worth $9,664,544,000 after acquiring an additional 4,061,022 shares in the last quarter. Morgan Stanley lifted its holdings in Cisco Systems by 17.4% during the 4th quarter. Morgan Stanley now owns 61,788,267 shares of the network equipment provider’s stock worth $2,943,593,000 after buying an additional 9,160,347 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of Cisco Systems by 112,307.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 59,519,500 shares of the network equipment provider’s stock worth $2,835,509,000 after acquiring an additional 59,466,550 shares in the last quarter. FMR LLC increased its holdings in shares of Cisco Systems by 3.2% in the 3rd quarter. FMR LLC now owns 57,102,221 shares of the network equipment provider’s stock valued at $3,069,815,000 after acquiring an additional 1,790,717 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Cisco Systems by 6.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 53,356,141 shares of the network equipment provider’s stock worth $2,975,139,000 after purchasing an additional 3,087,294 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Deborah L. Stahlkopf sold 3,002 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total value of $150,130.02. Following the completion of the sale, the executive vice president now directly owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Maria Victoria Wong sold 2,497 shares of the stock in a transaction on 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 owns 58,121 shares in the company, valued at approximately $2,906,050. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the completion of the transaction, the executive vice president now directly owns 191,559 shares of the company’s stock, valued at approximately $9,579,865.59. The disclosure for this sale can be found here. Insiders sold a total of 19,441 shares of company stock valued at $972,080 in the last quarter. Insiders own 0.02% of the company’s stock.

Cisco Systems Stock Up 0.4 %

NASDAQ:CSCO traded up $0.17 during mid-day trading on Friday, reaching $48.28. The stock had a trading volume of 8,709,755 shares, compared to its average volume of 19,346,197. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26. The stock has a market cap of $195.49 billion, a P/E ratio of 14.65, a PEG ratio of 2.74 and a beta of 0.87. The business’s 50 day moving average is $49.11 and its 200 day moving average is $50.29. Cisco Systems, Inc. has a fifty-two week low of $45.56 and a fifty-two week high of $58.19.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The business had revenue of $12.79 billion for the quarter, compared to the consensus estimate of $12.71 billion. During the same quarter last year, the firm earned $0.76 EPS. Cisco Systems’s revenue for the quarter was down 5.9% on a year-over-year basis. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 3.14 earnings per share for the current year.

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a yield of 3.31%. Cisco Systems’s dividend payout ratio (DPR) is presently 48.63%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CSCO. Piper Sandler increased their target price on shares of Cisco Systems from $47.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, March 20th. Melius Research restated a “hold” rating and issued a $55.00 target price on shares of Cisco Systems in a research report on Monday, January 8th. Bank of America raised Cisco Systems from a “neutral” rating to a “buy” rating and lifted their target price for the company from $55.00 to $60.00 in a research note on Monday. Melius downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $56.03.

Cisco Systems Company 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.