China Universal Asset Management Co. Ltd. Has $5.01 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

China Universal Asset Management Co. Ltd. increased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 29.0% in the 4th quarter, Holdings Channel reports. The fund owned 84,574 shares of the network equipment provider’s stock after purchasing an additional 18,996 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in Cisco Systems were worth $5,007,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Chicago Partners Investment Group LLC grew its stake in Cisco Systems by 15.1% in the fourth quarter. Chicago Partners Investment Group LLC now owns 30,081 shares of the network equipment provider’s stock valued at $1,781,000 after purchasing an additional 3,953 shares in the last quarter. Waldron Private Wealth LLC boosted its holdings in Cisco Systems by 0.9% in the fourth quarter. Waldron Private Wealth LLC now owns 136,145 shares of the network equipment provider’s stock worth $8,060,000 after purchasing an additional 1,261 shares in the last quarter. Clear Creek Financial Management LLC increased its position in Cisco Systems by 10.6% during the fourth quarter. Clear Creek Financial Management LLC now owns 8,595 shares of the network equipment provider’s stock worth $509,000 after buying an additional 823 shares during the last quarter. Custom Index Systems LLC bought a new position in Cisco Systems during the fourth quarter valued at about $204,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Cisco Systems in the fourth quarter worth about $165,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Stock Up 0.2 %

Shares of CSCO stock opened at $60.60 on Friday. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $62.31. 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 stock has a fifty day moving average price of $59.44 and a 200 day moving average price of $54.49. The stock has a market cap of $241.36 billion, a P/E ratio of 26.01, a price-to-earnings-growth ratio of 4.43 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 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The business had revenue of $13.84 billion for the quarter, compared to analyst estimates of $13.78 billion. During the same period in the previous year, the business earned $0.98 EPS. The firm’s revenue was down 5.6% on a year-over-year basis. Analysts predict that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.64%. Cisco Systems’s dividend payout ratio is presently 68.67%.

Insider Transactions at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 586 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $58.69, for a total transaction of $34,392.34. Following the transaction, the senior vice president now directly owns 50,767 shares in the company, valued at approximately $2,979,515.23. This represents a 1.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Charles Robbins sold 171,744 shares of Cisco Systems stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $9,873,562.56. Following the sale, the chief executive officer now owns 783,786 shares of the company’s stock, valued at approximately $45,059,857.14. This represents a 17.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 353,522 shares of company stock valued at $20,349,721. Corporate insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. StockNews.com raised Cisco Systems from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Morgan Stanley boosted their price objective on shares of Cisco Systems from $62.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Wells Fargo & Company raised their target price on shares of Cisco Systems from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised shares of Cisco Systems from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $55.00 to $66.00 in a research report on Monday, November 11th. Finally, Piper Sandler raised their price target on Cisco Systems from $52.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.72.

Cisco Systems Company 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.