Brookwood Investment Group LLC Makes New Investment in Cisco Systems, Inc. (NASDAQ:CSCO)

Brookwood Investment Group LLC bought a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 17,372 shares of the network equipment provider's stock, valued at approximately $1,072,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Jackson Hole Capital Partners LLC purchased a new position in shares of Cisco Systems in the first quarter valued at approximately $206,000. Atria Investments Inc lifted its position in shares of Cisco Systems by 3.4% in the first quarter. Atria Investments Inc now owns 321,929 shares of the network equipment provider's stock valued at $19,866,000 after acquiring an additional 10,482 shares in the last quarter. One Wealth Advisors LLC lifted its position in shares of Cisco Systems by 25.2% in the first quarter. One Wealth Advisors LLC now owns 8,768 shares of the network equipment provider's stock valued at $541,000 after acquiring an additional 1,764 shares in the last quarter. Lifeworks Advisors LLC lifted its position in shares of Cisco Systems by 4.8% in the first quarter. Lifeworks Advisors LLC now owns 98,764 shares of the network equipment provider's stock valued at $6,095,000 after acquiring an additional 4,518 shares in the last quarter. Finally, Journey Strategic Wealth LLC lifted its position in shares of Cisco Systems by 45.5% in the first quarter. Journey Strategic Wealth LLC now owns 28,951 shares of the network equipment provider's stock valued at $1,787,000 after acquiring an additional 9,055 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Wall Street Analysts Forecast Growth

CSCO has been the topic of a number of analyst reports. Wells Fargo & Company upgraded Cisco Systems from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $72.00 to $75.00 in a research report on Thursday, May 15th. Piper Sandler lifted their price objective on Cisco Systems from $60.00 to $64.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $65.00 to $73.00 in a research report on Monday, June 16th. Wolfe Research assumed coverage on Cisco Systems in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Finally, CICC Research assumed coverage on Cisco Systems in a research report on Monday, July 14th. They issued an "outperform" rating and a $78.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Cisco Systems presently has a consensus rating of "Moderate Buy" and an average target price of $70.35.

Insider Activity

In other Cisco Systems news, insider Jeetendra I. Patel sold 899 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $64.27, for a total transaction of $57,778.73. Following the completion of the sale, the insider directly owned 255,377 shares of the company's stock, valued at $16,413,079.79. This represents a 0.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,407 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $64.01, for a total value of $154,072.07. Following the sale, the executive vice president directly owned 177,027 shares of the company's stock, valued at approximately $11,331,498.27. This represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,335 shares of company stock worth $6,271,054 over the last quarter. 0.01% of the stock is owned by insiders.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO traded down $0.36 during trading hours on Thursday, reaching $68.26. The stock had a trading volume of 3,097,749 shares, compared to its average volume of 21,317,713. The firm has a market cap of $270.31 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 4.08 and a beta of 0.90. The company has a current ratio of 0.95, a quick ratio of 0.87 and a debt-to-equity ratio of 0.50. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $69.78. The firm has a 50-day moving average of $66.24 and a 200-day moving average of $62.28.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.04. The firm had revenue of $14.15 billion during the quarter, compared to analysts' expectations of $14.05 billion. Cisco Systems had a return on equity of 26.48% and a net margin of 17.60%. The business's revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. Equities research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Thursday, July 3rd were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Thursday, July 3rd. Cisco Systems's dividend payout ratio is presently 66.94%.

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.

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