D Orazio & Associates Inc. Raises Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

D Orazio & Associates Inc. increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,019 shares of the network equipment provider’s stock after acquiring an additional 422 shares during the quarter. D Orazio & Associates Inc.’s holdings in Cisco Systems were worth $593,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC raised its stake in shares of Cisco Systems by 6.7% during the fourth quarter. Apollon Wealth Management LLC now owns 152,605 shares of the network equipment provider’s stock valued at $9,034,000 after acquiring an additional 9,518 shares in the last quarter. Apollon Financial LLC increased its holdings in Cisco Systems by 22.3% during the 4th quarter. Apollon Financial LLC now owns 5,112 shares of the network equipment provider’s stock worth $303,000 after purchasing an additional 933 shares during the period. Cantor Fitzgerald Investment Advisors L.P. raised its position in Cisco Systems by 0.4% during the 4th quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 441,162 shares of the network equipment provider’s stock valued at $26,117,000 after purchasing an additional 1,957 shares in the last quarter. TFG Advisers LLC lifted its holdings in shares of Cisco Systems by 2.7% in the 4th quarter. TFG Advisers LLC now owns 45,867 shares of the network equipment provider’s stock worth $2,715,000 after buying an additional 1,221 shares during the period. Finally, Vest Financial LLC grew its position in shares of Cisco Systems by 7.8% during the 4th quarter. Vest Financial LLC now owns 663,381 shares of the network equipment provider’s stock worth $39,272,000 after buying an additional 48,272 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

Shares of Cisco Systems stock opened at $62.27 on Friday. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $63.25. The firm’s 50 day simple moving average is $59.65 and its two-hundred day simple moving average is $54.87. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $248.01 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 4.51 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 25.70% and a net margin of 17.73%. The firm’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. Analysts predict that Cisco Systems, Inc. will post 2.97 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.57%. Cisco Systems’s dividend payout ratio (DPR) is presently 68.67%.

Insiders Place Their Bets

In other news, EVP Thimaya K. Subaiya sold 3,042 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $59.19, for a total value of $180,055.98. Following the sale, the executive vice president now owns 207,798 shares in the company, valued at $12,299,563.62. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Maria Victoria Wong sold 586 shares of Cisco Systems stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $58.69, for a total value of $34,392.34. Following the transaction, the senior vice president now owns 50,767 shares of the company’s stock, valued at approximately $2,979,515.23. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 353,522 shares of company stock valued at $20,349,721. 0.01% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CSCO. Bank of America lifted their price objective on Cisco Systems from $60.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. raised shares of Cisco Systems from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $55.00 to $66.00 in a research report on Monday, November 11th. Piper Sandler lifted their price objective on shares of Cisco Systems from $52.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Melius Research raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Tigress Financial boosted their price target on Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.