Cisco Systems, Inc. $CSCO is Inlet Private Wealth LLC’s 8th Largest Position

Inlet Private Wealth LLC trimmed its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 145,964 shares of the network equipment provider’s stock after selling 6,500 shares during the period. Cisco Systems comprises 2.6% of Inlet Private Wealth LLC’s holdings, making the stock its 8th biggest position. Inlet Private Wealth LLC’s holdings in Cisco Systems were worth $11,244,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CSCO. Marquette Asset Management LLC purchased a new position in Cisco Systems during the third quarter valued at $25,000. Lowe Wealth Advisors LLC grew its stake in Cisco Systems by 96.2% during the third quarter. Lowe Wealth Advisors LLC now owns 408 shares of the network equipment provider’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. Board of the Pension Protection Fund purchased a new position in Cisco Systems during the fourth quarter valued at $31,000. Cedar Mountain Advisors LLC grew its stake in Cisco Systems by 115.7% during the third quarter. Cedar Mountain Advisors LLC now owns 468 shares of the network equipment provider’s stock valued at $32,000 after acquiring an additional 251 shares in the last quarter. Finally, Holos Integrated Wealth LLC purchased a new position in Cisco Systems during the fourth quarter valued at $41,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on CSCO. Wall Street Zen cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cisco Systems in a research note on Tuesday, January 27th. Argus upgraded shares of Cisco Systems to a “strong-buy” rating in a research report on Friday, February 13th. President Capital lowered their price objective on shares of Cisco Systems from $90.00 to $88.00 in a research report on Wednesday, December 24th. Finally, BNP Paribas Exane increased their price objective on shares of Cisco Systems from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $89.76.

Cisco Systems Price Performance

CSCO stock opened at $80.43 on Tuesday. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $88.18. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $79.43 and a two-hundred day simple moving average of $75.82. The firm has a market capitalization of $317.69 billion, a P/E ratio of 28.22, a price-to-earnings-growth ratio of 2.98 and a beta of 0.83.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, February 11th. The network equipment provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.02 by $0.02. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. The business had revenue of $15.35 billion during the quarter, compared to analyst estimates of $15.11 billion. During the same quarter last year, the business earned $0.94 earnings per share. Cisco Systems’s quarterly revenue was up 9.7% compared to the same quarter last year. Analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Thursday, April 2nd will be issued a $0.42 dividend. This is a boost from Cisco Systems’s previous quarterly dividend of $0.41. The ex-dividend date is Thursday, April 2nd. This represents a $1.68 annualized dividend and a dividend yield of 2.1%. Cisco Systems’s dividend payout ratio (DPR) is 58.95%.

Insider Transactions at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 7,981 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $79.50, for a total value of $634,489.50. Following the completion of the sale, the executive vice president owned 187,097 shares in the company, valued at approximately $14,874,211.50. This trade represents a 4.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thimaya K. Subaiya sold 1,744 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $77.07, for a total transaction of $134,410.08. Following the completion of the sale, the executive vice president owned 156,693 shares of the company’s stock, valued at $12,076,329.51. This trade represents a 1.10% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 46,431 shares of company stock worth $3,574,820. 0.01% of the stock is currently owned by insiders.

About Cisco Systems

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.