Bellecapital International Ltd. Boosts Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Bellecapital International Ltd. lifted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 23.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,528 shares of the network equipment provider’s stock after acquiring an additional 13,613 shares during the period. Bellecapital International Ltd.’s holdings in Cisco Systems were worth $3,860,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc boosted its stake in Cisco Systems by 19.1% in the first quarter. AdvisorNet Financial Inc now owns 16,034 shares of the network equipment provider’s stock valued at $800,000 after acquiring an additional 2,577 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Cisco Systems in the 1st quarter worth $3,344,000. CGN Advisors LLC grew its stake in Cisco Systems by 5.2% during the 1st quarter. CGN Advisors LLC now owns 62,176 shares of the network equipment provider’s stock worth $3,103,000 after buying an additional 3,083 shares during the last quarter. Strategic Planning Group LLC increased its position in Cisco Systems by 23.5% during the 1st quarter. Strategic Planning Group LLC now owns 77,098 shares of the network equipment provider’s stock valued at $3,848,000 after buying an additional 14,669 shares in the last quarter. Finally, Austin Private Wealth LLC raised its stake in Cisco Systems by 6.1% in the first quarter. Austin Private Wealth LLC now owns 7,657 shares of the network equipment provider’s stock valued at $373,000 after buying an additional 440 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

Shares of Cisco Systems stock remained flat at $56.76 on Monday. The company had a trading volume of 2,441,468 shares, compared to its average volume of 19,099,277. The firm has a market cap of $228.68 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 4.22 and a beta of 0.83. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $57.06. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average is $51.17 and its two-hundred day moving average is $48.60.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Cisco Systems had a return on equity of 27.83% and a net margin of 19.18%. The business had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $13.53 billion. During the same period in the previous year, the business earned $1.01 earnings per share. The business’s revenue was down 10.3% compared to the same quarter last year. As a group, analysts forecast that Cisco Systems, Inc. will post 2.9 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a $0.40 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.82%. Cisco Systems’s dividend payout ratio (DPR) is 53.87%.

Insider Transactions at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 1,328 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $48.92, for a total value of $64,965.76. Following the transaction, the executive vice president now directly owns 132,910 shares of the company’s stock, valued at approximately $6,501,957.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Cisco Systems news, EVP Thimaya K. Subaiya sold 1,328 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $48.92, for a total value of $64,965.76. Following the transaction, the executive vice president now owns 132,910 shares in the company, valued at approximately $6,501,957.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Maria Victoria Wong sold 638 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $49.09, for a total transaction of $31,319.42. Following the sale, the senior vice president now directly owns 46,017 shares of the company’s stock, valued at $2,258,974.53. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,529 shares of company stock valued at $3,509,049 over the last 90 days. Corporate insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. HSBC upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and upped their price objective for the company from $46.00 to $58.00 in a report on Friday, August 16th. Hsbc Global Res raised shares of Cisco Systems to a “strong-buy” rating in a report on Friday, August 16th. Jefferies Financial Group dropped their price objective on shares of Cisco Systems from $56.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. New Street Research upgraded Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. boosted their price target on Cisco Systems from $53.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, August 8th. Despite investors’ hopes for a rebound in Networking Equipment demand to boost Cisco’s fourth-quarter 2024 performance, the anticipation is tempered by limited indications of a significant recovery in demand. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $56.74.

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.