Family CFO Inc bought a new stake in shares of Cisco Systems, Inc. (NASDAQ: CSCO – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,453 shares of the network equipment provider’s stock, valued at approximately $ 155,000. Cisco Systems makes up 0.1% of Family CFO Inc’s holdings, making the stock its 25th largest position.
Several other hedge funds have also made changes to their positions in the company. Woodmont Investment Counsel LLC boosted its stake in Cisco Systems by 0.4% in the 4th quarter. Woodmont Investment Counsel LLC now owns 41,425 shares of the network equipment provider’s stock worth $ 2,625,000 after purchasing an additional 180 shares in the last quarter. Autus Asset Management LLC boosted its stake in Cisco Systems by 2.7% in the 4th quarter. Autus Asset Management LLC now owns 6,898 shares of the network equipment provider’s stock worth $ 437,000 after purchasing an additional 181 shares in the last quarter. Pinnacle Bancorp Inc. boosted its stake in Cisco Systems by 1.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 19,212 shares of the network equipment provider’s stock worth $ 1,217,000 after purchasing an additional 183 shares in the last quarter. Sara Bay Financial boosted its stake in Cisco Systems by 1.1% in the 4th quarter. Sara Bay Financial now owns 17,723 shares of the network equipment provider’s stock worth $ 1,123,000 after purchasing an additional 186 shares in the last quarter. Finally, Ballast Inc. boosted its stake in Cisco Systems by 0.7% in the 4th quarter. Ballast Inc. now owns 27,471 shares of the network equipment provider’s stock worth $ 1,740,000 after purchasing an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 73.18% of the company stock.
A number of equities analysts recently issued reports on the stock. Piper Sandler dropped their price target on shares of Cisco Systems from $ 57.00 to $ 43.00 and set a “neutral” rating on the stock in a research note on Thursday, May 19th. Evercore ISI decreased their target price on Cisco Systems from $ 62.00 to $ 50.00 and set an “outperform” rating for the company in a research report on Thursday, May 19th. StockNews.com started coverage on Cisco Systems in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Bank of America decreased their target price on Cisco Systems from $ 62.00 to $ 52.00 and set a “buy” rating for the company in a research report on Thursday, May 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Cisco Systems from $ 59.00 to $ 51.00 and set a “hold” rating for the company in a research report on Thursday, May 19th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $ 55.05.
In other Cisco Systems news, COO Maria Martinez sold 3,628 shares of the company stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $ 43.34, for a total transaction of $ 157,237.52. Following the completion of the sale, the chief operating officer now owns 295,305 shares in the company, valued at $ 12,798,518.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Prat Bhatt sold 607 shares of the business’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of $ 43.10, for a total value of $ 26,161.70. Following the completion of the transaction, the senior vice president now directly owns 79,855 shares of the company stock, valued at $ 3,441,750.50. The disclosure for this sale can be found here. Insiders have sold a total of 25,326 shares of company stock worth $ 1,103,159 over the last quarter. 0.02% of the stock is currently owned by insiders.
CSCO opened at $ 43.80 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.40 and a current ratio of 1.49. Cisco Systems, Inc. has a fifty-two week low of $ 41.02 and a fifty-two week high of $ 64.29. The firm’s fifty day moving average is $ 48.20 and its 200 day moving average is $ 54.19. The stock has a market cap of $ 181.37 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 2.23 and a beta of 0.99.
Cisco Systems (NASDAQ: CSCO – Get Rating) last released its earnings results on Wednesday, May 18th. The network equipment provider reported $ 0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $ 0.86 by $ 0.01. Cisco Systems had a net margin of 23.28% and a return on equity of 31.22%. During the same quarter in the previous year, the business posted $ 0.75 EPS. On average, equities research analysts predict that Cisco Systems, Inc. will post 2.99 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 6th will be issued a $ 0.38 dividend. The ex-dividend date is Tuesday, July 5th. This represents a $ 1.52 dividend on an annualized basis and a dividend yield of 3.47%. Cisco Systems’s dividend payout ratio (DPR) is presently 53.33%.
Cisco Systems declared that its board has authorized a share repurchase program on Wednesday, February 16th that allows the company to repurchase $ 15.00 billion in shares. This repurchase authorization allows the network equipment provider to reacquire up to 6.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company management believes its stock is undervalued.
Cisco Systems Company Profile: (Get Rating)
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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and / or store data.
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