Banque Cantonale Vaudoise Buys 1,005 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Banque Cantonale Vaudoise increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 0.3% in the first quarter, Holdings Channel.com reports. The fund owned 296,461 shares of the network equipment provider’s stock after purchasing an additional 1,005 shares during the period. Cisco Systems comprises about 0.6% of Banque Cantonale Vaudoise’s holdings, making the stock its 24th biggest position. Banque Cantonale Vaudoise’s holdings in Cisco Systems were worth $14,797,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Czech National Bank lifted its holdings in shares of Cisco Systems by 0.8% in the 1st quarter. Czech National Bank now owns 715,045 shares of the network equipment provider’s stock worth $35,688,000 after acquiring an additional 5,498 shares during the last quarter. Fulton Bank N.A. lifted its holdings in shares of Cisco Systems by 6.6% in the 1st quarter. Fulton Bank N.A. now owns 146,436 shares of the network equipment provider’s stock worth $7,309,000 after acquiring an additional 9,122 shares during the last quarter. Signal Advisors Wealth LLC lifted its holdings in shares of Cisco Systems by 89.5% in the 1st quarter. Signal Advisors Wealth LLC now owns 11,228 shares of the network equipment provider’s stock worth $560,000 after acquiring an additional 5,302 shares during the last quarter. Perpetual Ltd lifted its holdings in shares of Cisco Systems by 118.6% in the 1st quarter. Perpetual Ltd now owns 145,402 shares of the network equipment provider’s stock worth $7,257,000 after acquiring an additional 78,874 shares during the last quarter. Finally, Welch Group LLC lifted its holdings in shares of Cisco Systems by 11.1% in the 1st quarter. Welch Group LLC now owns 123,316 shares of the network equipment provider’s stock worth $6,155,000 after acquiring an additional 12,328 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO traded up $0.75 during trading on Friday, hitting $47.47. 11,145,552 shares of the stock traded hands, compared to its average volume of 19,369,311. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 0.44. The company has a market cap of $191.25 billion, a price-to-earnings ratio of 15.73, a P/E/G ratio of 2.66 and a beta of 0.85. The company has a fifty day moving average price of $47.16 and a two-hundred day moving average price of $48.84. Cisco Systems, Inc. has a 52-week low of $44.95 and a 52-week high of $58.19.

Cisco Systems (NASDAQ:CSCOGet Free Report) last posted its quarterly earnings data on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.18. The company had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $12.53 billion. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 earnings per share. As a group, equities analysts predict that Cisco Systems, Inc. will post 3.14 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Friday, July 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Friday, July 5th. Cisco Systems’s dividend payout ratio (DPR) is 53.87%.

Insider Activity

In other news, EVP Deborah L. Stahlkopf sold 8,016 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $48.24, for a total value of $386,691.84. Following the completion of the sale, the executive vice president now directly owns 180,705 shares in the company, valued at $8,717,209.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Maria Victoria Wong sold 762 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $45.42, for a total value of $34,610.04. Following the completion of the sale, the senior vice president now owns 51,788 shares of the company’s stock, valued at $2,352,210.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deborah L. Stahlkopf sold 8,016 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $48.24, for a total transaction of $386,691.84. Following the completion of the transaction, the executive vice president now directly owns 180,705 shares of the company’s stock, valued at approximately $8,717,209.20. The disclosure for this sale can be found here. Insiders sold 41,106 shares of company stock worth $1,908,923 over the last three months. Insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

CSCO has been the topic of several recent analyst reports. Barclays raised their price target on shares of Cisco Systems from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, May 17th. Bank of America raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and raised their price target for the stock from $55.00 to $60.00 in a research note on Monday, April 15th. Piper Sandler reaffirmed a “neutral” rating and issued a $52.00 price target on shares of Cisco Systems in a research note on Wednesday, June 5th. Wells Fargo & Company raised their target price on shares of Cisco Systems from $52.00 to $57.00 and gave the company an “equal weight” rating in a research report on Thursday, May 16th. Finally, Citigroup initiated coverage on shares of Cisco Systems in a research report on Friday, April 12th. They set a “neutral” rating and a $52.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $56.47.

Check Out Our Latest Stock Report on CSCO

About Cisco Systems

(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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