Waldron Private Wealth LLC Purchases 1,547 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Waldron Private Wealth LLC boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 134,884 shares of the network equipment provider’s stock after acquiring an additional 1,547 shares during the quarter. Waldron Private Wealth LLC’s holdings in Cisco Systems were worth $7,179,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Leo Wealth LLC increased its stake in shares of Cisco Systems by 5.6% in the 3rd quarter. Leo Wealth LLC now owns 60,548 shares of the network equipment provider’s stock worth $3,222,000 after purchasing an additional 3,223 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Cisco Systems by 8.0% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 132,793 shares of the network equipment provider’s stock valued at $7,067,000 after buying an additional 9,842 shares in the last quarter. Home Federal Bank of Tennessee increased its stake in Cisco Systems by 12.6% in the 3rd quarter. Home Federal Bank of Tennessee now owns 5,916 shares of the network equipment provider’s stock worth $315,000 after buying an additional 661 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in Cisco Systems by 6.2% during the third quarter. Foundations Investment Advisors LLC now owns 25,699 shares of the network equipment provider’s stock valued at $1,368,000 after acquiring an additional 1,505 shares during the period. Finally, Integrity Financial Corp WA lifted its position in shares of Cisco Systems by 4.4% in the third quarter. Integrity Financial Corp WA now owns 9,575 shares of the network equipment provider’s stock valued at $510,000 after acquiring an additional 400 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Maria Victoria Wong sold 638 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $49.09, for a total transaction of $31,319.42. Following the transaction, the senior vice president now directly owns 46,017 shares of the company’s stock, valued at $2,258,974.53. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other Cisco Systems news, SVP Maria Victoria Wong sold 638 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $49.09, for a total transaction of $31,319.42. Following the transaction, the senior vice president now owns 46,017 shares in the company, valued at approximately $2,258,974.53. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Deborah L. Stahlkopf sold 7,462 shares of Cisco Systems stock in a transaction on Friday, August 16th. The stock was sold at an average price of $49.41, for a total transaction of $368,697.42. Following the sale, the executive vice president now owns 165,580 shares of the company’s stock, valued at $8,181,307.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,529 shares of company stock worth $3,509,049. Insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

CSCO has been the subject of several research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Cisco Systems from $52.00 to $53.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Piper Sandler restated a “neutral” rating and set a $52.00 target price on shares of Cisco Systems in a research report on Thursday, August 15th. JPMorgan Chase & Co. lifted their price target on shares of Cisco Systems from $53.00 to $55.00 and gave the company a “hold” rating in a report 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. Finally, Barclays dropped their price objective on shares of Cisco Systems from $50.00 to $49.00 and set an “equal weight” rating for the company in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $56.74.

Cisco Systems Stock Up 0.2 %

Cisco Systems stock traded up $0.11 during midday trading on Tuesday, hitting $56.70. 8,617,899 shares of the company’s stock were exchanged, compared to its average volume of 19,103,832. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.83 and a current ratio of 0.91. The company has a market cap of $228.43 billion, a PE ratio of 19.05, a P/E/G ratio of 4.22 and a beta of 0.83. The firm has a 50-day moving average of $51.41 and a two-hundred day moving average of $48.66. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $57.06.

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

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.82%. The ex-dividend date is Wednesday, October 2nd. Cisco Systems’s dividend payout ratio is currently 53.87%.

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.