North Capital Inc. Takes $336,000 Position in Cisco Systems, Inc. (NASDAQ:CSCO)

North Capital Inc. purchased a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,452 shares of the network equipment provider's stock, valued at approximately $336,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSCO. Navigoe LLC bought a new stake in shares of Cisco Systems in the fourth quarter valued at $26,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Cisco Systems during the 4th quarter valued at approximately $26,000. JDM Financial Group LLC boosted its holdings in Cisco Systems by 160.4% in the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after buying an additional 300 shares during the period. Runnymede Capital Advisors Inc. purchased a new position in Cisco Systems in the 4th quarter valued at approximately $30,000. Finally, Campbell Capital Management Inc. bought a new stake in Cisco Systems during the 4th quarter valued at $31,000. Institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Up 1.5%

Shares of NASDAQ CSCO traded up $1.05 during trading on Thursday, reaching $69.64. The company had a trading volume of 17,973,495 shares, compared to its average volume of 20,328,057. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $69.89. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.50. The business's 50-day moving average is $63.41 and its 200 day moving average is $61.30. The stock has a market cap of $275.77 billion, a PE ratio of 28.42, a P/E/G ratio of 4.10 and a beta of 0.90.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.04. Cisco Systems had a net margin of 17.60% and a return on equity of 26.48%. The company had revenue of $14.15 billion for the quarter, compared to analysts' expectations of $14.05 billion. During the same quarter in the previous year, the business posted $0.88 EPS. Cisco Systems's revenue was up 11.4% compared to the same quarter last year. As a group, equities analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Thursday, July 3rd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Thursday, July 3rd. Cisco Systems's dividend payout ratio (DPR) is presently 66.94%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays restated an "equal weight" rating on shares of Cisco Systems in a research note on Wednesday, May 21st. JPMorgan Chase & Co. raised their price objective on shares of Cisco Systems from $70.00 to $73.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Wells Fargo & Company upgraded shares of Cisco Systems from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $72.00 to $75.00 in a research note on Thursday, May 15th. Rosenblatt Securities raised their price target on shares of Cisco Systems from $63.00 to $74.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, Piper Sandler upped their price target on shares of Cisco Systems from $60.00 to $64.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $69.53.

Insider Buying and Selling

In other news, CEO Charles Robbins sold 29,784 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $64.61, for a total value of $1,924,344.24. Following the completion of the sale, the chief executive officer directly owned 688,409 shares in the company, valued at $44,478,105.49. This represents a 4.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeetendra I. Patel sold 9,961 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $63.97, for a total value of $637,205.17. Following the sale, the insider directly owned 257,162 shares of the company's stock, valued at $16,450,653.14. This represents a 3.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,335 shares of company stock valued at $6,271,054 in the last 90 days. Insiders own 0.01% of the company's stock.

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.