Tred Avon Family Wealth LLC purchased a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 20,602 shares of the network equipment provider’s stock, valued at approximately $1,410,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CSCO. Brighton Jones LLC increased its holdings in shares of Cisco Systems by 49.5% during the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock worth $4,392,000 after purchasing an additional 24,562 shares during the period. Revolve Wealth Partners LLC grew its position in Cisco Systems by 37.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock worth $542,000 after buying an additional 2,474 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Cisco Systems by 7.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 10,178 shares of the network equipment provider’s stock worth $706,000 after acquiring an additional 712 shares during the period. Signal Advisors Wealth LLC increased its stake in Cisco Systems by 6.1% during the 2nd quarter. Signal Advisors Wealth LLC now owns 8,450 shares of the network equipment provider’s stock worth $586,000 after acquiring an additional 485 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in Cisco Systems by 1.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 168,413 shares of the network equipment provider’s stock valued at $11,684,000 after acquiring an additional 2,240 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.
Cisco Systems Price Performance
Shares of NASDAQ:CSCO opened at $75.19 on Friday. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $80.82. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.93 and a quick ratio of 0.83. The company has a market cap of $297.08 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 2.84 and a beta of 0.87. The firm has a 50 day simple moving average of $76.66 and a 200 day simple moving average of $71.58.
Cisco Systems Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd will be given a $0.41 dividend. The ex-dividend date is Friday, January 2nd. This represents a $1.64 annualized dividend and a yield of 2.2%. Cisco Systems’s dividend payout ratio (DPR) is currently 61.65%.
Insider Activity
In other news, SVP Maria Victoria Wong sold 428 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $80.33, for a total transaction of $34,381.24. Following the sale, the senior vice president directly owned 32,176 shares in the company, valued at approximately $2,584,698.08. The trade was a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Charles Robbins sold 116,734 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $77.30, for a total transaction of $9,023,538.20. Following the completion of the transaction, the chief executive officer owned 704,153 shares of the company’s stock, valued at approximately $54,431,026.90. This trade represents a 14.22% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,044,865 shares of company stock valued at $81,397,635. 0.01% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on CSCO. Wells Fargo & Company increased their target price on Cisco Systems from $83.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. Melius Research raised their target price on shares of Cisco Systems from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, November 13th. UBS Group boosted their target price on shares of Cisco Systems from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. President Capital reduced their price target on shares of Cisco Systems from $90.00 to $88.00 in a research report on Wednesday, December 24th. Finally, Rosenblatt Securities lifted their price objective on shares of Cisco Systems from $87.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Sixteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cisco Systems currently has an average rating of “Moderate Buy” and a consensus target price of $85.23.
Check Out Our Latest Report on Cisco Systems
Cisco Systems Profile
Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.
In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.
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