Violich Capital Management Inc. Boosts Position in Cisco Systems, Inc. $CSCO

Violich Capital Management Inc. increased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 218.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 71,585 shares of the network equipment provider’s stock after acquiring an additional 49,120 shares during the quarter. Violich Capital Management Inc.’s holdings in Cisco Systems were worth $5,514,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in shares of Cisco Systems by 4.2% during the fourth quarter. International Assets Investment Management LLC now owns 32,654 shares of the network equipment provider’s stock worth $2,515,000 after purchasing an additional 1,310 shares during the last quarter. Diversify Wealth Management LLC grew its holdings in shares of Cisco Systems by 0.4% during the fourth quarter. Diversify Wealth Management LLC now owns 96,481 shares of the network equipment provider’s stock worth $7,281,000 after purchasing an additional 417 shares during the last quarter. Generali Asset Management SPA SGR grew its holdings in shares of Cisco Systems by 9.5% during the fourth quarter. Generali Asset Management SPA SGR now owns 206,329 shares of the network equipment provider’s stock worth $15,894,000 after purchasing an additional 17,950 shares during the last quarter. Luken Investment Analytics LLC grew its holdings in shares of Cisco Systems by 418.0% during the fourth quarter. Luken Investment Analytics LLC now owns 518 shares of the network equipment provider’s stock worth $40,000 after purchasing an additional 418 shares during the last quarter. Finally, MGO One Seven LLC grew its holdings in shares of Cisco Systems by 3.7% during the fourth quarter. MGO One Seven LLC now owns 140,270 shares of the network equipment provider’s stock worth $10,805,000 after purchasing an additional 5,034 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CSCO. Erste Group Bank lowered Cisco Systems from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. CICC Research raised their price target on Cisco Systems from $84.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Truist Financial began coverage on Cisco Systems in a report on Tuesday, March 31st. They set a “buy” rating and a $94.00 price target on the stock. Wall Street Zen lowered Cisco Systems from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, UBS Group raised their price target on Cisco Systems from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.29.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $92.16 on Friday. 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 market cap of $364.02 billion, a P/E ratio of 32.34, a PEG ratio of 3.44 and a beta of 0.92. Cisco Systems, Inc. has a 52 week low of $59.42 and a 52 week high of $94.71. The company has a 50-day moving average price of $82.32 and a 200 day moving average price of $78.56.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 11th. The network equipment provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. The firm had revenue of $15.35 billion during the quarter, compared to the consensus estimate of $15.11 billion. During the same quarter last year, the firm earned $0.94 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. Research analysts predict that Cisco Systems, Inc. will post 3.42 earnings per share for the current year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Thursday, April 2nd were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Thursday, April 2nd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.41. Cisco Systems’s payout ratio is 58.95%.

Insider Activity at Cisco Systems

In other news, CEO Charles Robbins sold 19,545 shares of Cisco Systems stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $76.00, for a total transaction of $1,485,420.00. Following the completion of the sale, the chief executive officer directly owned 671,095 shares in the company, valued at approximately $51,003,220. This trade represents a 2.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Maria Victoria Wong sold 551 shares of Cisco Systems stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $77.54, for a total transaction of $42,724.54. Following the sale, the senior vice president owned 27,957 shares of the company’s stock, valued at approximately $2,167,785.78. The trade was a 1.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 46,431 shares of company stock worth $3,574,820. 0.01% of the stock is currently owned by company insiders.

Key Cisco Systems News

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Upcoming investor events give Cisco chances to update guidance and engage with large shareholders — potential near-term catalysts if management provides upbeat commentary or clarity on margins. Cisco to Participate in May & June Events with the Financial Community
• Positive Sentiment: Earnings previews emphasize that Cisco has the elements for an earnings beat and that margins will be a focus — a solid quarter or upward guidance could drive further upside. Cisco Q3 Earnings Preview: Margin Focus As Shares Trade Near Highs
• Neutral Sentiment: Analyst fair-value estimates edged slightly higher (to ~$89.54) but views are diverging — some firms raise targets while others warn that recent optimism reduces upside, increasing the chance of short-term volatility. How The Cisco Systems (CSCO) Investment Story Is Shifting As Analyst Views Diverge
• Neutral Sentiment: Macro calendar matters: inflation prints and broader economic data are due next week and could overshadow Cisco’s report — macro surprises could amplify moves in either direction. The Week Ahead: Inflation Data, Cisco Earnings Headline
• Negative Sentiment: Recent session-level weakness and underperformance vs. peers pushed shares lower in prior trading, reflecting profit-taking after a run-up and giving bears ammunition. Cisco Systems (CSCO) Stock Drops Despite Market Gains: Important Facts to Note
• Negative Sentiment: Media pieces highlighting concerns about valuation and whether Wall Street’s bullishness is justified could pressure sentiment and cap near-term upside if investors re-rate expectations. Is It Worth Investing in Cisco (CSCO) Based on Wall Street’s Bullish Views?

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.