Bellecapital International Ltd. Reduces Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Bellecapital International Ltd. reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,783 shares of the network equipment provider’s stock after selling 745 shares during the quarter. Bellecapital International Ltd.’s holdings in Cisco Systems were worth $4,250,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CSCO. Swedbank AB increased its holdings in Cisco Systems by 0.6% in the third quarter. Swedbank AB now owns 9,029,594 shares of the network equipment provider’s stock valued at $480,555,000 after buying an additional 52,711 shares during the last quarter. Principal Securities Inc. increased its holdings in Cisco Systems by 3.9% in the third quarter. Principal Securities Inc. now owns 51,032 shares of the network equipment provider’s stock valued at $2,716,000 after buying an additional 1,907 shares during the last quarter. Murphy Pohlad Asset Management LLC grew its holdings in shares of Cisco Systems by 15.3% during the third quarter. Murphy Pohlad Asset Management LLC now owns 57,948 shares of the network equipment provider’s stock valued at $3,084,000 after purchasing an additional 7,675 shares during the last quarter. Weatherly Asset Management L. P. grew its holdings in shares of Cisco Systems by 2.0% during the third quarter. Weatherly Asset Management L. P. now owns 51,489 shares of the network equipment provider’s stock valued at $2,740,000 after purchasing an additional 988 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Cisco Systems by 8.7% during the third quarter. Farther Finance Advisors LLC now owns 69,954 shares of the network equipment provider’s stock valued at $3,723,000 after purchasing an additional 5,600 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, Director Kristina M. Johnson sold 7,500 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $59.87, for a total transaction of $449,025.00. Following the sale, the director now directly owns 65,915 shares of the company’s stock, valued at $3,946,331.05. The trade was a 10.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thimaya K. Subaiya sold 3,042 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $59.19, for a total transaction of $180,055.98. Following the sale, the executive vice president now directly owns 207,798 shares in the company, valued at approximately $12,299,563.62. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 74,848 shares of company stock valued at $4,767,206 in the last three months. 0.01% of the stock is currently owned by company insiders.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $64.14 on Friday. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $66.50. The stock has a fifty day moving average of $61.23 and a 200-day moving average of $56.87. The company has a market capitalization of $255.15 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 4.16 and a beta of 0.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.14). Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. As a group, equities analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems declared that its board has authorized a share buyback program on Wednesday, February 12th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the network equipment provider to purchase up to 6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Thursday, April 3rd. This is an increase from Cisco Systems’s previous quarterly dividend of $0.40. Cisco Systems’s dividend payout ratio is 71.62%.

Analyst Ratings Changes

CSCO has been the subject of several recent research reports. Melius raised Cisco Systems from a “hold” rating to a “buy” rating and upped their target price for the company from $66.00 to $73.00 in a report on Monday, January 6th. Piper Sandler upped their target price on Cisco Systems from $57.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Bank of America upped their target price on Cisco Systems from $60.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Rosenblatt Securities raised Cisco Systems from a “neutral” rating to a “buy” rating and upped their target price for the company from $66.00 to $80.00 in a report on Thursday, February 13th. Finally, Wells Fargo & Company upped their target price on Cisco Systems from $60.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.63.

Cisco Systems Profile

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.