Cisco Systems, Inc. (NASDAQ:CSCO) Stock Position Boosted by CFC Planning Co LLC

CFC Planning Co LLC boosted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 11.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,350 shares of the network equipment provider's stock after buying an additional 5,032 shares during the quarter. Cisco Systems makes up about 3.4% of CFC Planning Co LLC's holdings, making the stock its 7th largest position. CFC Planning Co LLC's holdings in Cisco Systems were worth $3,107,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Cerity Partners LLC increased its holdings in Cisco Systems by 3.3% in the first quarter. Cerity Partners LLC now owns 2,465,316 shares of the network equipment provider's stock valued at $152,135,000 after buying an additional 78,270 shares during the last quarter. Vision Capital Management Inc. grew its holdings in shares of Cisco Systems by 3.7% during the first quarter. Vision Capital Management Inc. now owns 6,110 shares of the network equipment provider's stock worth $377,000 after purchasing an additional 218 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Cisco Systems by 1.3% during the first quarter. Allworth Financial LP now owns 527,185 shares of the network equipment provider's stock worth $29,675,000 after purchasing an additional 6,992 shares during the last quarter. CFO4Life Group LLC grew its holdings in shares of Cisco Systems by 1.1% during the first quarter. CFO4Life Group LLC now owns 28,338 shares of the network equipment provider's stock worth $1,749,000 after purchasing an additional 303 shares during the last quarter. Finally, tru Independence LLC grew its holdings in shares of Cisco Systems by 0.4% during the first quarter. tru Independence LLC now owns 79,659 shares of the network equipment provider's stock worth $4,916,000 after purchasing an additional 337 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Transactions at Cisco Systems

In related news, insider Jeetendra I. Patel sold 9,961 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $63.97, for a total value of $637,205.17. Following the completion of the transaction, the insider directly owned 257,162 shares in the company, valued at approximately $16,450,653.14. This represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Deborah L. Stahlkopf sold 9,643 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $63.50, for a total value of $612,330.50. Following the completion of the transaction, the executive vice president owned 181,186 shares of the company's stock, valued at $11,505,311. The trade was a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 97,335 shares of company stock valued at $6,271,054. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $68.76 on Friday. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $69.78. The stock has a market cap of $272.29 billion, a price-to-earnings ratio of 28.07, a price-to-earnings-growth ratio of 4.14 and a beta of 0.90. The business has a fifty day moving average of $64.84 and a 200-day moving average of $61.75. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.50.

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

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd will be issued a $0.41 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.39%. Cisco Systems's dividend payout ratio (DPR) is 66.94%.

Wall Street Analyst Weigh In

CSCO has been the topic of several research reports. Evercore ISI raised their price objective on Cisco Systems from $67.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Piper Sandler raised their price objective on Cisco Systems from $60.00 to $64.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. raised their price objective on Cisco Systems from $70.00 to $73.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Wells Fargo & Company raised Cisco Systems from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $72.00 to $75.00 in a report on Thursday, May 15th. Finally, Citigroup raised their price target on Cisco Systems from $68.00 to $71.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Cisco Systems currently has a consensus rating of "Moderate Buy" and an average target price of $69.53.

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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