Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by Financial Synergies Wealth Advisors Inc.

Financial Synergies Wealth Advisors Inc. lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 50.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,758 shares of the network equipment provider’s stock after buying an additional 926 shares during the period. Financial Synergies Wealth Advisors Inc.’s holdings in Cisco Systems were worth $138,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CSCO. Valued Wealth Advisors LLC purchased a new stake in Cisco Systems during the fourth quarter worth about $32,000. Delos Wealth Advisors LLC increased its stake in Cisco Systems by 1,666.7% in the 4th quarter. Delos Wealth Advisors LLC now owns 636 shares of the network equipment provider’s stock valued at $32,000 after purchasing an additional 600 shares in the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in Cisco Systems during the fourth quarter worth $33,000. Morton Brown Family Wealth LLC boosted its position in Cisco Systems by 41.9% during the fourth quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 208 shares in the last quarter. Finally, Bourgeon Capital Management LLC grew its holdings in Cisco Systems by 3,500.0% in the fourth quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 8,016 shares of the firm’s 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 transaction, 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 filing with the SEC, which is accessible through this link. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 8,016 shares of the company’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 value of $386,691.84. Following the transaction, the executive vice president now owns 180,705 shares in the company, valued at approximately $8,717,209.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 3,378 shares of Cisco Systems stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $45.89, for a total transaction of $155,016.42. Following the sale, the senior vice president now directly owns 52,953 shares of the company’s stock, valued at approximately $2,430,013.17. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,106 shares of company stock worth $1,908,923. Corporate insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CSCO. Citigroup assumed coverage on Cisco Systems in a research report on Friday, April 12th. They set a “neutral” rating and a $52.00 price objective for the company. JPMorgan Chase & Co. started coverage on Cisco Systems in a research note on Monday, April 22nd. They set a “neutral” rating and a $53.00 price objective on the stock. BNP Paribas raised shares of Cisco Systems from an “underperform” rating to a “neutral” rating and set a $50.00 target price for the company in a research note on Monday, May 13th. Piper Sandler reaffirmed a “neutral” rating and set a $52.00 price target on shares of Cisco Systems in a research note on Wednesday, June 5th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Cisco Systems presently has a consensus rating of “Hold” and a consensus target price of $56.47.

Check Out Our Latest Stock Report on CSCO

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO traded down $0.01 during trading on Monday, hitting $47.28. 19,049,896 shares of the company traded hands, compared to its average volume of 19,820,236. 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 business’s fifty day moving average is $47.14 and its 200-day moving average is $48.84. The stock has a market capitalization of $190.48 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 2.71 and a beta of 0.85. Cisco Systems, Inc. has a one year low of $44.95 and a one year high of $58.19.

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

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Friday, July 5th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Friday, July 5th. Cisco Systems’s dividend payout ratio is presently 53.87%.

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.

Read More

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

Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.