ABN AMRO Bank N.V. increased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 187,091 shares of the network equipment provider's stock after purchasing an additional 10,376 shares during the period. ABN AMRO Bank N.V.'s holdings in Cisco Systems were worth $14,384,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Pure Financial Advisors LLC lifted its holdings in Cisco Systems by 16.2% in the 4th quarter. Pure Financial Advisors LLC now owns 30,970 shares of the network equipment provider's stock worth $2,386,000 after buying an additional 4,321 shares in the last quarter. Income Insurance Ltd acquired a new position in Cisco Systems in the 4th quarter worth $936,000. D Orazio & Associates Inc. lifted its holdings in Cisco Systems by 3.4% in the 4th quarter. D Orazio & Associates Inc. now owns 10,385 shares of the network equipment provider's stock worth $800,000 after buying an additional 345 shares in the last quarter. Advisor OS LLC lifted its holdings in Cisco Systems by 12.4% in the 4th quarter. Advisor OS LLC now owns 30,315 shares of the network equipment provider's stock worth $2,335,000 after buying an additional 3,348 shares in the last quarter. Finally, Plato Investment Management Ltd lifted its holdings in Cisco Systems by 9.3% in the 4th quarter. Plato Investment Management Ltd now owns 115,836 shares of the network equipment provider's stock worth $8,966,000 after buying an additional 9,896 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Cisco Systems
In related news, EVP Deborah L. Stahlkopf sold 7,981 shares of the business's stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $79.50, for a total transaction of $634,489.50. Following the completion of the sale, the executive vice president owned 187,097 shares of the company's stock, valued at $14,874,211.50. This represents a 4.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles Robbins sold 19,545 shares of the business's stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $76.00, for a total transaction of $1,485,420.00. Following the sale, the chief executive officer directly owned 671,095 shares of the company's stock, valued at approximately $51,003,220. This represents a 2.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 46,431 shares of company stock worth $3,574,820. 0.01% of the stock is owned by company insiders.
Cisco Systems Stock Performance
Shares of Cisco Systems stock opened at $96.57 on Monday. The firm has a market cap of $381.44 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 3.62 and a beta of 0.92. The firm's 50-day simple moving average is $82.32 and its 200-day simple moving average is $78.56. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 0.96. Cisco Systems, Inc. has a 1 year low of $59.44 and a 1 year high of $97.02.
Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.02. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. The business had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.11 billion. During the same quarter in the prior year, the business posted $0.94 EPS. The company's revenue for the quarter was up 9.7% on a year-over-year basis. Equities analysts forecast that Cisco Systems, Inc. will post 3.42 earnings per share for the current fiscal year.
Cisco Systems Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Thursday, April 2nd were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Cisco Systems's previous quarterly dividend of $0.41. Cisco Systems's payout ratio is currently 58.95%.
Analysts Set New Price Targets
A number of equities analysts have commented on CSCO shares. Truist Financial started coverage on shares of Cisco Systems in a report on Tuesday, March 31st. They issued a "buy" rating and a $94.00 price objective on the stock. Evercore boosted their price objective on shares of Cisco Systems from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, May 4th. Zacks Research lowered shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Monday, April 13th. Rosenblatt Securities reiterated a "buy" rating and issued a $100.00 price objective on shares of Cisco Systems in a report on Thursday, February 12th. Finally, Citigroup upped their target price on shares of Cisco Systems from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, February 12th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, Cisco Systems has a consensus rating of "Moderate Buy" and an average target price of $90.29.
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Cisco Systems Profile
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Free Report)
Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.
In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.
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