Yousif Capital Management LLC Decreases Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Yousif Capital Management LLC lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 635,322 shares of the network equipment provider’s stock after selling 21,981 shares during the quarter. Yousif Capital Management LLC’s holdings in Cisco Systems were worth $32,096,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Cumberland Partners Ltd purchased a new stake in shares of Cisco Systems during the 4th quarter worth approximately $889,000. South Dakota Investment Council lifted its position in shares of Cisco Systems by 289.0% during the 4th quarter. South Dakota Investment Council now owns 217,959 shares of the network equipment provider’s stock worth $11,011,000 after buying an additional 161,933 shares during the last quarter. NewSquare Capital LLC lifted its position in shares of Cisco Systems by 5.0% during the 4th quarter. NewSquare Capital LLC now owns 112,962 shares of the network equipment provider’s stock worth $5,643,000 after buying an additional 5,425 shares during the last quarter. Cutter & CO Brokerage Inc. lifted its position in shares of Cisco Systems by 5.4% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 7,752 shares of the network equipment provider’s stock worth $392,000 after buying an additional 400 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in shares of Cisco Systems during the 4th quarter worth approximately $2,665,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CSCO. JPMorgan Chase & Co. began coverage on shares of Cisco Systems in a report on Monday. They issued a “neutral” rating and a $53.00 target price on the stock. Citigroup began coverage on shares of Cisco Systems in a report on Friday, April 12th. They issued a “neutral” rating and a $52.00 target price on the stock. Wells Fargo & Company began coverage on shares of Cisco Systems in a report on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 target price on the stock. Piper Sandler lifted their target price on shares of Cisco Systems from $47.00 to $51.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $55.53.

Insider Activity

In other news, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the completion of the transaction, the senior vice president now owns 58,121 shares of the company’s stock, valued at approximately $2,906,050. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction of $150,130.02. Following the completion of the sale, the executive vice president now owns 191,559 shares of the company’s stock, valued at approximately $9,579,865.59. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Maria Victoria Wong sold 2,497 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total transaction of $124,850.00. Following the sale, the senior vice president now directly owns 58,121 shares of the company’s stock, valued at approximately $2,906,050. The disclosure for this sale can be found here. Insiders sold a total of 19,441 shares of company stock valued at $972,080 in the last 90 days. 0.02% of the stock is currently owned by insiders.

Cisco Systems Price Performance

Shares of Cisco Systems stock traded up $0.18 on Tuesday, hitting $48.32. The company’s stock had a trading volume of 16,239,196 shares, compared to its average volume of 19,471,814. Cisco Systems, Inc. has a 52-week low of $45.56 and a 52-week high of $58.19. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. The firm has a fifty day moving average price of $49.01 and a 200-day moving average price of $50.13. The company has a market capitalization of $195.66 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 2.77 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. The company had revenue of $12.79 billion for the quarter, compared to analyst estimates of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 EPS. On average, equities research analysts expect that Cisco Systems, Inc. will post 3.14 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, April 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.31%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio is currently 48.63%.

About Cisco Systems

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.