Leisure Capital Management Buys 662 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Leisure Capital Management raised its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,207 shares of the network equipment provider’s stock after acquiring an additional 662 shares during the period. Leisure Capital Management’s holdings in Cisco Systems were worth $1,767,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CSCO. Scarborough Advisors LLC bought a new stake in shares of Cisco Systems in the 4th quarter worth about $68,000. GAMMA Investing LLC increased its holdings in shares of Cisco Systems by 15.8% in the 1st quarter. GAMMA Investing LLC now owns 61,502 shares of the network equipment provider’s stock worth $3,070,000 after buying an additional 8,394 shares during the last quarter. Butensky & Cohen Financial Security Inc. increased its holdings in shares of Cisco Systems by 2.1% in the 1st quarter. Butensky & Cohen Financial Security Inc. now owns 92,234 shares of the network equipment provider’s stock worth $4,603,000 after buying an additional 1,913 shares during the last quarter. Atlas Brown Inc. increased its holdings in shares of Cisco Systems by 5.6% in the 1st quarter. Atlas Brown Inc. now owns 21,995 shares of the network equipment provider’s stock worth $1,098,000 after buying an additional 1,170 shares during the last quarter. Finally, Tompkins Financial Corp increased its holdings in shares of Cisco Systems by 7.6% in the 1st quarter. Tompkins Financial Corp now owns 240,439 shares of the network equipment provider’s stock worth $12,000,000 after buying an additional 17,034 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of research reports. Evercore ISI boosted their target price on shares of Cisco Systems from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Piper Sandler reiterated a “neutral” rating and set a $52.00 price target on shares of Cisco Systems in a report on Thursday, August 15th. JPMorgan Chase & Co. upped 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. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a report on Thursday, August 15th. Finally, Tigress Financial upped their price target on shares of Cisco Systems from $76.00 to $78.00 and gave the company a “buy” rating in a report on Monday. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $56.74.

Insider Buying and Selling

In related news, SVP Maria Victoria Wong sold 3,379 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $50.36, for a total transaction of $170,166.44. Following the completion of the transaction, the senior vice president now owns 47,182 shares in the company, valued at $2,376,085.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Cisco Systems news, SVP Maria Victoria Wong sold 3,379 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $50.36, for a total transaction of $170,166.44. Following the transaction, the senior vice president now owns 47,182 shares in the company, valued at approximately $2,376,085.52. 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 the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $49.41, for a total transaction of $368,697.42. Following the transaction, the executive vice president now owns 165,580 shares in the company, valued at $8,181,307.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,529 shares of company stock worth $3,509,049 in the last 90 days. 0.02% of the stock is owned by corporate insiders.

Cisco Systems Stock Up 2.4 %

Shares of CSCO traded up $1.30 during mid-day trading on Wednesday, hitting $55.38. The company’s stock had a trading volume of 7,790,458 shares, compared to its average volume of 19,070,285. The company’s 50-day moving average is $50.51 and its 200-day moving average is $48.45. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $55.73. The firm has a market capitalization of $223.12 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 4.22 and a beta of 0.83. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping 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 firm had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $13.53 billion. During the same quarter in the prior year, the company earned $1.01 EPS. The company’s revenue was down 10.3% compared to the same quarter last year. On average, equities research analysts forecast that Cisco Systems, Inc. will post 2.9 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.89%. Cisco Systems’s dividend payout ratio (DPR) is presently 53.87%.

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.