Cisco Systems, Inc. (NASDAQ:CSCO) Stock Position Lifted by Bordeaux Wealth Advisors LLC

Bordeaux Wealth Advisors LLC lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 17.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,370 shares of the network equipment provider’s stock after acquiring an additional 1,801 shares during the period. Bordeaux Wealth Advisors LLC’s holdings in Cisco Systems were worth $625,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC purchased a new position in Cisco Systems in the fourth quarter valued at about $32,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Cisco Systems during the 4th quarter valued at about $33,000. Morton Brown Family Wealth LLC grew its stake in shares of Cisco Systems by 41.9% in the 4th quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock valued at $36,000 after buying an additional 208 shares in the last quarter. Bourgeon Capital Management LLC increased its holdings in Cisco Systems by 3,500.0% in the fourth quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock worth $36,000 after buying an additional 700 shares during the last quarter. Finally, Rakuten Securities Inc. acquired a new position in Cisco Systems in the fourth quarter worth approximately $43,000. 73.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Cisco Systems in a research report on Monday, April 22nd. They issued a “neutral” rating and a $53.00 target price for the company. Citigroup initiated coverage on shares of Cisco Systems in a report on Friday, April 12th. They issued a “neutral” rating and a $52.00 price objective for the company. Bank of America upgraded Cisco Systems from a “neutral” rating to a “buy” rating and raised their target price for the company from $55.00 to $60.00 in a report on Monday, April 15th. Piper Sandler boosted their price target on Cisco Systems from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. Finally, Morgan Stanley assumed coverage on Cisco Systems in a report on Tuesday, April 9th. They set an “overweight” rating and a $58.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $55.53.

Insider Transactions at Cisco Systems

In related news, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly 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 through the SEC website. In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’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 of the company’s stock, valued at approximately $9,579,865.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard Scott Herren sold 13,942 shares of the company’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 completion of the transaction, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at $16,424,550. The disclosure for this sale can be found here. Insiders have sold a total of 19,441 shares of company stock valued at $972,080 over the last 90 days. 0.02% of the stock is owned by company insiders.

Cisco Systems Trading Up 0.7 %

Shares of NASDAQ:CSCO traded up $0.33 during mid-day trading on Friday, reaching $47.12. The stock had a trading volume of 17,933,915 shares, compared to its average volume of 19,178,939. The firm has a 50 day simple moving average of $48.83 and a two-hundred day simple moving average of $49.88. Cisco Systems, Inc. has a twelve month low of $45.56 and a twelve month high of $58.19. The firm has a market cap of $190.80 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 2.70 and a beta of 0.87. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14.

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

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th were issued a $0.40 dividend. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Wednesday, April 3rd. Cisco Systems’s dividend payout ratio is 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.