Cisco Systems, Inc. (NASDAQ:CSCO) Stake Boosted by Equitable Trust Co.

Equitable Trust Co. grew its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,153 shares of the network equipment provider’s stock after purchasing an additional 1,400 shares during the quarter. Equitable Trust Co.’s holdings in Cisco Systems were worth $3,679,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Global Wealth Management Investment Advisory Inc. lifted its position in shares of Cisco Systems by 3.2% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 72,479 shares of the network equipment provider’s stock valued at $4,291,000 after acquiring an additional 2,255 shares during the last quarter. Bristlecone Advisors LLC lifted its position in shares of Cisco Systems by 31.3% during the 4th quarter. Bristlecone Advisors LLC now owns 8,226 shares of the network equipment provider’s stock valued at $487,000 after acquiring an additional 1,962 shares during the last quarter. Elser Financial Planning Inc acquired a new stake in shares of Cisco Systems during the 4th quarter valued at $289,000. Opal Wealth Advisors LLC lifted its position in shares of Cisco Systems by 7.1% during the 4th quarter. Opal Wealth Advisors LLC now owns 11,775 shares of the network equipment provider’s stock valued at $697,000 after acquiring an additional 783 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Cisco Systems during the 4th quarter valued at $113,000. 73.33% of the stock is owned by institutional investors.

Insider Buying and Selling at Cisco Systems

In other news, CEO Charles Robbins sold 171,744 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $9,873,562.56. Following the completion of the transaction, the chief executive officer now owns 783,786 shares of the company’s stock, valued at $45,059,857.14. The trade was a 17.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard Scott Herren sold 86,351 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $57.49, for a total transaction of $4,964,318.99. Following the completion of the transaction, the chief financial officer now directly owns 365,314 shares of the company’s stock, valued at $21,001,901.86. This trade represents a 19.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 353,522 shares of company stock worth $20,349,721. Insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Cisco Systems from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Piper Sandler upped their price target on shares of Cisco Systems from $52.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. BNP Paribas raised shares of Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 price target on the stock in a research note on Tuesday, January 28th. Tigress Financial increased their target price on shares of Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. raised shares of Cisco Systems from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $55.00 to $66.00 in a research report on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and a consensus target price of $62.72.

Cisco Systems Stock Performance

CSCO stock opened at $62.27 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80. The company has a 50 day moving average price of $59.71 and a 200 day moving average price of $55.04. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $63.25. The stock has a market capitalization of $248.01 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 4.63 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. The company had revenue of $13.84 billion during the quarter, compared to analysts’ expectations of $13.78 billion. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. Analysts forecast that Cisco Systems, Inc. will post 2.97 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Friday, January 3rd. Cisco Systems’s payout ratio is 68.67%.

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.