Alteri Wealth LLC Makes New Investment in Cisco Systems, Inc. (NASDAQ:CSCO)

Alteri Wealth LLC bought a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,572 shares of the network equipment provider's stock, valued at approximately $626,000.

Several other institutional investors have also recently made changes to their positions in CSCO. Pflug Koory LLC grew its stake in Cisco Systems by 0.5% in the fourth quarter. Pflug Koory LLC now owns 33,026 shares of the network equipment provider's stock valued at $1,955,000 after purchasing an additional 165 shares during the last quarter. Glass Jacobson Investment Advisors llc grew its position in shares of Cisco Systems by 8.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 2,070 shares of the network equipment provider's stock worth $123,000 after buying an additional 166 shares during the last quarter. Fairhaven Wealth Management LLC grew its position in shares of Cisco Systems by 2.3% in the 4th quarter. Fairhaven Wealth Management LLC now owns 7,581 shares of the network equipment provider's stock worth $449,000 after buying an additional 167 shares during the last quarter. BlackDiamond Wealth Management LLC raised its stake in shares of Cisco Systems by 3.1% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 5,656 shares of the network equipment provider's stock worth $335,000 after acquiring an additional 168 shares in the last quarter. Finally, Maple Capital Management Inc. lifted its position in Cisco Systems by 1.4% during the fourth quarter. Maple Capital Management Inc. now owns 11,984 shares of the network equipment provider's stock valued at $709,000 after acquiring an additional 170 shares during the last quarter. Institutional investors own 73.33% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CSCO shares. Citigroup reduced their price target on Cisco Systems from $73.00 to $68.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company reiterated an "equal weight" rating on shares of Cisco Systems in a research note on Thursday, March 6th. JPMorgan Chase & Co. dropped their price target on Cisco Systems from $73.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Piper Sandler decreased their price objective on shares of Cisco Systems from $72.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Evercore ISI dropped their target price on shares of Cisco Systems from $75.00 to $67.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $65.05.

Insider Buying and Selling

In related news, EVP Deborah L. Stahlkopf sold 11,808 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $64.37, for a total value of $760,080.96. Following the completion of the sale, the executive vice president now owns 200,191 shares of the company's stock, valued at approximately $12,886,294.67. The trade was a 5.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Maria Victoria Wong sold 762 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $60.99, for a total transaction of $46,474.38. Following the transaction, the senior vice president now owns 44,155 shares of the company's stock, valued at $2,693,013.45. This represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,547 shares of company stock valued at $4,275,553. 0.01% of the stock is owned by company insiders.

Cisco Systems Trading Up 2.1 %

Cisco Systems stock opened at $59.33 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. The firm has a market cap of $236.03 billion, a PE ratio of 25.91, a P/E/G ratio of 4.16 and a beta of 0.86. The stock's 50 day simple moving average is $59.20 and its two-hundred day simple moving average is $59.32. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $66.50.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. Analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Thursday, April 3rd. This is a positive change from Cisco Systems's previous quarterly dividend of $0.40. Cisco Systems's payout ratio is currently 71.62%.

Cisco Systems declared that its board has authorized a stock repurchase program on Wednesday, February 12th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the network equipment provider to reacquire up to 6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

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.

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