Tyler Stone Wealth Management bought a new stake in Cisco Systems, Inc. (NASDAQ: CSCO – Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,059 shares of the network equipment provider’s stock, valued at approximately $ 194,000.
A number of other hedge funds also recently made changes to their positions in the stock. Woodmont Investment Counsel LLC increased its stake in shares of 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 valued at $ 2,625,000 after purchasing an additional 180 shares in the last quarter. Autus Asset Management LLC boosted its holdings 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 buying an additional 181 shares during the last quarter. Pinnacle Bancorp Inc. boosted its holdings 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 buying an additional 183 shares during the last quarter. Sara Bay Financial boosted its holdings 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 buying an additional 186 shares during the last quarter. Finally, Ballast Inc. boosted its holdings 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 buying an additional 188 shares during the last quarter. Institutional investors and hedge funds own 73.18% of the company stock.
Shares of NASDAQ CSCO opened at $ 43.39 on Friday. The firm has a market cap of $ 179.68 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 2.25 and a beta of 0.99. The company has a quick ratio of 1.40, a current ratio of 1.49 and a debt-to-equity ratio of 0.21. Cisco Systems, Inc. has a 52-week low of $ 41.02 and a 52-week high of $ 64.29. The business’s 50 day moving average is $ 47.76 and its two-hundred day moving average is $ 54.02.
Cisco Systems (NASDAQ: CSCO – Get Rating) last posted its quarterly earnings data on Wednesday, May 18th. The network equipment provider reported $ 0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $ 0.86 by $ 0.01. Cisco Systems had a return on equity of 31.22% and a net margin of 23.28%. During the same quarter last year, the company earned $ 0.75 EPS. Analysts anticipate that Cisco Systems, Inc. will post 2.99 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 6th will be given a dividend of $ 0.38 per share. This represents a $ 1.52 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Tuesday, July 5th. Cisco Systems’s dividend payout ratio is currently 53.33%.
CSCO has been the topic of several research analyst reports. Piper Sandler lowered their price objective on Cisco Systems from $ 57.00 to $ 43.00 and set a “neutral” rating on the stock in a report on Thursday, May 19th. Credit Suisse Group lowered their target price on Cisco Systems from $ 72.00 to $ 60.00 and set an “outperform” rating on the stock in a report on Thursday, May 19th. Oppenheimer lowered their target price on Cisco Systems from $ 60.00 to $ 50.00 and set an “outperform” rating on the stock in a report on Thursday, May 19th. JPMorgan Chase & Co. lowered their target price on Cisco Systems from $ 67.00 to $ 62.00 and set an “overweight” rating on the stock in a report on Thursday, May 19th. Finally, The Goldman Sachs Group lowered their target price on Cisco Systems from $ 64.00 to $ 46.00 and set a “neutral” rating on the stock in a report on Friday, May 20th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $ 55.05.
In related news, COO Maria Martinez sold 4,674 shares of the business’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $ 43.33, for a total transaction of $ 202,524.42. Following the completion of the transaction, the chief operating officer now owns 286,033 shares in the company, valued at $ 12,393,809.89. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Charles Robbins sold 12,717 shares of the business’s stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $ 43.79, for a total transaction of $ 556,877.43. Following the transaction, the chief executive officer now owns 651,577 shares of the company stock, valued at approximately $ 28,532,556.83. The disclosure for this sale can be found here. Insiders have sold 25,326 shares of company stock worth $ 1,103,159 in the last ninety days. Corporate insiders own 0.02% of the company stock.
About Cisco Systems: (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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