6,743 Shares in Cisco Systems, Inc. (NASDAQ:CSCO) Purchased by Bolthouse Investments LLC

Bolthouse Investments LLC purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,743 shares of the network equipment provider's stock, valued at approximately $399,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new position in shares of Cisco Systems during the fourth quarter valued at $26,000. Runnymede Capital Advisors Inc. bought a new position in shares of Cisco Systems during the fourth quarter valued at $30,000. Campbell Capital Management Inc. bought a new position in shares of Cisco Systems during the fourth quarter valued at $31,000. Highline Wealth Partners LLC increased its holdings in shares of Cisco Systems by 76.7% during the fourth quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider's stock valued at $35,000 after acquiring an additional 260 shares in the last quarter. Finally, Synergy Investment Management LLC purchased a new stake in shares of Cisco Systems during the fourth quarter valued at $36,000. 73.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CSCO has been the topic of several recent analyst reports. StockNews.com cut Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 5th. Piper Sandler dropped their price objective on Cisco Systems from $72.00 to $60.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. DZ Bank raised Cisco Systems from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. UBS Group increased their price objective on Cisco Systems from $62.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group increased their price objective on Cisco Systems from $56.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Cisco Systems has an average rating of "Moderate Buy" and a consensus price target of $65.05.

Cisco Systems Stock Performance

Shares of CSCO stock traded down $0.05 during trading hours on Wednesday, reaching $57.29. 4,904,414 shares of the company traded hands, compared to its average volume of 20,187,256. The firm has a 50-day moving average price of $59.53 and a 200 day moving average price of $59.27. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $66.50. The company has a market cap of $227.92 billion, a P/E ratio of 25.02, a P/E/G ratio of 4.16 and a beta of 0.86.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share (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%. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd were given a dividend of $0.41 per share. This is a positive change from Cisco Systems's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.86%. Cisco Systems's dividend payout ratio is currently 71.62%.

Cisco Systems announced that its board has initiated a stock buyback program on Wednesday, February 12th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the network equipment provider to buy up to 6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 2,065 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $60.70, for a total transaction of $125,345.50. Following the completion of the transaction, the executive vice president now owns 191,184 shares in the company, valued at $11,604,868.80. This trade represents a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles Robbins sold 31,983 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the transaction, the chief executive officer now owns 736,120 shares of the company's stock, valued at $47,413,489.20. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,547 shares of company stock worth $4,275,553. 0.01% of the stock is owned by insiders.

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.