Cisco Systems, Inc. (NASDAQ:CSCO) Shares Purchased by One Capital Management LLC

One Capital Management LLC grew its position in shares of Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 142,007 shares of the network equipment provider’s stock after purchasing an additional 5,228 shares during the quarter. One Capital Management LLC’s holdings in Cisco Systems were worth $7,634,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. CORDA Investment Management LLC. grew its holdings in shares of Cisco Systems by 15.0% in the 2nd quarter. CORDA Investment Management LLC. now owns 24,745 shares of the network equipment provider’s stock worth $1,280,000 after acquiring an additional 3,225 shares during the last quarter. Lakeside Advisors INC. boosted its position in shares of Cisco Systems by 37.5% in the second quarter. Lakeside Advisors INC. now owns 9,527 shares of the network equipment provider’s stock worth $493,000 after buying an additional 2,596 shares during the period. Hamilton Capital LLC boosted its position in shares of Cisco Systems by 6.8% in the second quarter. Hamilton Capital LLC now owns 14,427 shares of the network equipment provider’s stock worth $746,000 after buying an additional 924 shares during the period. Wealthspire Advisors LLC boosted its position in shares of Cisco Systems by 48.1% in the third quarter. Wealthspire Advisors LLC now owns 71,385 shares of the network equipment provider’s stock worth $3,838,000 after buying an additional 23,194 shares during the period. Finally, HBK Sorce Advisory LLC boosted its position in shares of Cisco Systems by 0.5% in the third quarter. HBK Sorce Advisory LLC now owns 64,136 shares of the network equipment provider’s stock worth $3,448,000 after buying an additional 301 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cisco Systems

In other Cisco Systems news, CFO Richard Scott Herren sold 106,321 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $50.02, for a total transaction of $5,318,176.42. Following the completion of the transaction, the chief financial officer now owns 345,994 shares in the company, valued at approximately $17,306,619.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Richard Scott Herren sold 106,321 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $50.02, for a total transaction of $5,318,176.42. Following the completion of the transaction, the chief financial officer now directly owns 345,994 shares in the company, valued at approximately $17,306,619.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mark Garrett sold 899 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $47.88, for a total transaction of $43,044.12. The disclosure for this sale can be found here. Insiders sold a total of 150,475 shares of company stock worth $7,464,194 in the last quarter. Corporate insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on CSCO shares. Melius cut Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Melius Research reissued a “hold” rating and set a $55.00 price objective on shares of Cisco Systems in a research report on Monday, January 8th. DZ Bank cut Cisco Systems from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a research report on Friday, November 17th. Piper Sandler reduced their price objective on Cisco Systems from $57.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, November 16th. Finally, New Street Research cut Cisco Systems from a “buy” rating to a “neutral” rating in a research report on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $58.21.

Get Our Latest Report on CSCO

Cisco Systems Price Performance

Shares of CSCO traded down $0.37 on Monday, hitting $49.76. The company’s stock had a trading volume of 2,317,942 shares, compared to its average volume of 18,065,918. The company has a market capitalization of $202.20 billion, a PE ratio of 15.15, a PEG ratio of 2.39 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.47 and a quick ratio of 1.34. Cisco Systems, Inc. has a fifty-two week low of $45.56 and a fifty-two week high of $58.19. The company has a 50 day moving average price of $50.19 and a 200 day moving average price of $52.20.

Cisco Systems (NASDAQ:CSCOGet Free Report) last posted its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.20. Cisco Systems had a return on equity of 34.41% and a net margin of 23.40%. The firm had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter in the prior year, the business earned $0.77 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, research analysts anticipate that Cisco Systems, Inc. will post 3.38 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Thursday, January 4th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Wednesday, January 3rd. Cisco Systems’s dividend payout ratio is currently 47.13%.

Cisco Systems Company 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.

See Also

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

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