Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by Howland Capital Management LLC

Key Points

• Howland Capital Management LLC increased its stake in Cisco Systems, Inc. by 63.1%, owning 35,790 shares valued at approximately $2.2 million as of the most recent quarter.
• Cisco reported earnings of $0.96 per share for the last quarter, surpassing expectations and showing a 11.4% increase in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.41 per share, representing an annualized dividend yield of 2.4%.

Howland Capital Management LLC grew its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 63.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,790 shares of the network equipment provider's stock after purchasing an additional 13,846 shares during the quarter. Howland Capital Management LLC's holdings in Cisco Systems were worth $2,209,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Navigoe LLC purchased a new stake in Cisco Systems in the 4th quarter valued at about $26,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Cisco Systems during the fourth quarter worth about $26,000. JDM Financial Group LLC grew its position in shares of Cisco Systems by 160.4% during the fourth 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 in the last quarter. Fairway Wealth LLC boosted its holdings in Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 400 shares in the last quarter. Finally, Accredited Wealth Management LLC purchased a new stake in shares of Cisco Systems during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Cisco Systems Trading Down 0.3%

Shares of CSCO stock opened at $68.08 on Friday. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $69.78. The company has a current ratio of 0.95, a quick ratio of 0.87 and a debt-to-equity ratio of 0.50. The stock's 50-day moving average price is $66.79 and its 200-day moving average price is $62.66. The stock has a market capitalization of $269.60 billion, a price-to-earnings ratio of 27.79, a price-to-earnings-growth ratio of 4.08 and a beta of 0.90.

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

Cisco Systems Dividend Announcement

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 2.4%. The ex-dividend date of this dividend was Thursday, July 3rd. Cisco Systems's payout ratio is presently 66.94%.

Insider Activity at Cisco Systems

In other Cisco Systems news, insider Jeetendra I. Patel sold 899 shares of the business'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 sale, the insider directly owned 255,377 shares of the company's stock, valued at $16,413,079.79. The trade was a 0.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 2,407 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was 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 in the company, valued at $11,331,498.27. The trade was a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,335 shares of company stock valued at $6,271,054 over the last ninety days. 0.01% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CSCO has been the topic of a number of analyst reports. Piper Sandler increased their price objective on Cisco Systems from $60.00 to $64.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. raised their target price on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. New Street Research restated a "neutral" rating and set a $70.00 price objective on shares of Cisco Systems in a report on Friday, May 16th. Evercore ISI restated an "in-line" rating and set a $72.00 price objective on shares of Cisco Systems in a report on Monday. Finally, CICC Research initiated coverage on Cisco Systems in a report on Monday, July 14th. They set an "outperform" rating and a $78.00 price target for the company. Eight research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Cisco Systems has an average rating of "Moderate Buy" and a consensus target price of $70.35.

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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