Dakota Wealth Management Boosts Stock Position in Cisco Systems, Inc. $CSCO

Key Points

• Dakota Wealth Management raised its stake in Cisco by 18.8% to 523,846 shares, valued at $40.35 million and representing 0.7% of its portfolio (its 27th largest holding).
• Cisco beat Q results with $1.04 EPS vs $1.02 expected and $15.35B revenue (up 9.7% YoY), and raised its quarterly dividend to $0.42 (annualized $1.68, ~2.0% yield).
• Analysts have a consensus rating of Moderate Buy with a $89.55 average price target, while insiders have sold about 46,431 shares (~$3.57M) in the past 90 days.

Dakota Wealth Management raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 18.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 523,846 shares of the network equipment provider's stock after purchasing an additional 83,011 shares during the quarter. Cisco Systems accounts for 0.7% of Dakota Wealth Management's investment portfolio, making the stock its 27th largest position. Dakota Wealth Management's holdings in Cisco Systems were worth $40,352,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bare Financial Services Inc boosted its holdings in shares of Cisco Systems by 531.0% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider's stock worth $25,000 after buying an additional 308 shares during the last quarter. Marquette Asset Management LLC purchased a new stake in Cisco Systems during the third quarter worth about $25,000. Lowe Wealth Advisors LLC raised its position in Cisco Systems by 96.2% in the third quarter. Lowe Wealth Advisors LLC now owns 408 shares of the network equipment provider's stock worth $28,000 after acquiring an additional 200 shares during the period. Board of the Pension Protection Fund bought a new stake in Cisco Systems in the fourth quarter worth about $31,000. Finally, Cedar Mountain Advisors LLC boosted its stake in Cisco Systems by 115.7% in the third quarter. Cedar Mountain Advisors LLC now owns 468 shares of the network equipment provider's stock valued at $32,000 after acquiring an additional 251 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CSCO has been the subject of a number of research reports. UBS Group increased their target price on shares of Cisco Systems from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, February 12th. Erste Group Bank downgraded Cisco Systems from a "buy" rating to a "hold" rating in a research note on Wednesday, February 18th. Weiss Ratings reissued a "buy (b)" rating on shares of Cisco Systems in a report on Tuesday, January 27th. HSBC raised their target price on Cisco Systems from $74.00 to $77.00 and gave the stock a "hold" rating in a research report on Friday, February 13th. Finally, DZ Bank upgraded Cisco Systems to a "strong-buy" rating in a research note on Friday, February 13th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cisco Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.55.

Insider Activity at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 551 shares of Cisco Systems stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $77.54, for a total transaction of $42,724.54. Following the completion of the transaction, the senior vice president owned 27,957 shares of the company's stock, valued at $2,167,785.78. The trade was a 1.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 7,981 shares of the company's stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $79.50, for a total value of $634,489.50. Following the sale, the executive vice president owned 187,097 shares in the company, valued at approximately $14,874,211.50. This represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 46,431 shares of company stock worth $3,574,820 in the last 90 days. 0.01% of the stock is owned by company insiders.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $82.16 on Friday. The stock has a market capitalization of $324.52 billion, a P/E ratio of 28.83, a PEG ratio of 3.09 and a beta of 0.87. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. The firm's 50 day moving average is $78.88 and its 200 day moving average is $75.15. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $88.18.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share 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 during the quarter, compared to analyst estimates of $15.11 billion. During the same period in the previous year, the business earned $0.94 EPS. Cisco Systems's revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Thursday, April 2nd will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.0%. This is a boost from Cisco Systems's previous quarterly dividend of $0.41. The ex-dividend date is Thursday, April 2nd. Cisco Systems's dividend payout ratio (DPR) is presently 57.54%.

About Cisco Systems

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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