Dohj LLC Purchases 1,610 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Dohj LLC increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 20.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,430 shares of the network equipment provider’s stock after buying an additional 1,610 shares during the period. Dohj LLC’s holdings in Cisco Systems were worth $476,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Alexander Randolph Advisory Inc. acquired a new position in Cisco Systems during the fourth quarter valued at approximately $2,854,000. Delta Investment Management LLC boosted its position in Cisco Systems by 33.1% during the fourth quarter. Delta Investment Management LLC now owns 15,699 shares of the network equipment provider’s stock valued at $793,000 after purchasing an additional 3,902 shares during the last quarter. Headlands Technologies LLC acquired a new position in Cisco Systems during the fourth quarter valued at approximately $543,000. Citizens Financial Group Inc. RI lifted its position in shares of Cisco Systems by 38.5% in the fourth quarter. Citizens Financial Group Inc. RI now owns 220,201 shares of the network equipment provider’s stock valued at $11,125,000 after buying an additional 61,182 shares during the last quarter. Finally, Heritage Financial Services LLC lifted its position in shares of Cisco Systems by 18.2% in the fourth quarter. Heritage Financial Services LLC now owns 6,207 shares of the network equipment provider’s stock valued at $314,000 after buying an additional 955 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Melius Research reaffirmed a “hold” rating and issued a $55.00 price objective on shares of Cisco Systems in a research report on Monday, January 8th. StockNews.com cut Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Barclays lifted their price target on Cisco Systems from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Bank of America raised Cisco Systems from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $55.00 to $60.00 in a report on Monday, April 15th. Finally, Piper Sandler lifted their price target on Cisco Systems from $47.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, March 20th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $55.53.

Insider Activity

In other news, CFO Richard Scott Herren sold 13,942 shares of Cisco Systems stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the transaction, the chief financial officer now owns 328,491 shares in the company, valued at approximately $16,424,550. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the sale, the chief financial officer now owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the sale, the executive vice president now directly owns 191,559 shares in the company, valued at approximately $9,579,865.59. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,441 shares of company stock worth $972,080. Insiders own 0.02% of the company’s stock.

Cisco Systems Price Performance

Shares of CSCO traded down $0.24 during midday trading on Friday, hitting $47.86. The company’s stock had a trading volume of 14,658,910 shares, compared to its average volume of 16,851,638. Cisco Systems, Inc. has a one year low of $45.56 and a one year high of $58.19. The company’s fifty day simple moving average is $48.94 and its two-hundred day simple moving average is $50.06. 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 stock has a market capitalization of $193.79 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 2.78 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The company had revenue of $12.79 billion for the quarter, compared to analyst estimates of $12.71 billion. During the same quarter last year, the company posted $0.76 EPS. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, equities analysts expect that Cisco Systems, Inc. will post 3.13 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th were paid a $0.40 dividend. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.60 annualized dividend and a dividend yield of 3.34%. Cisco Systems’s dividend payout ratio (DPR) is presently 48.63%.

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.