Inscription Capital LLC Buys Shares of 45,779 Cisco Systems, Inc. (NASDAQ:CSCO)

Inscription Capital LLC purchased a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 45,779 shares of the network equipment provider's stock, valued at approximately $2,825,000.

Other institutional investors have also modified their holdings of the company. Tallon Kerry Patrick purchased a new position in Cisco Systems during the fourth quarter worth about $603,000. Brighton Jones LLC increased its stake in shares of Cisco Systems by 49.5% during the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock valued at $4,392,000 after acquiring an additional 24,562 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Cisco Systems by 37.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock worth $542,000 after acquiring an additional 2,474 shares during the period. Congress Asset Management Co. boosted its position in shares of Cisco Systems by 0.8% in the fourth quarter. Congress Asset Management Co. now owns 256,019 shares of the network equipment provider's stock worth $15,156,000 after acquiring an additional 1,992 shares during the last quarter. Finally, Principal Securities Inc. grew its holdings in Cisco Systems by 25.3% in the fourth quarter. Principal Securities Inc. now owns 63,921 shares of the network equipment provider's stock valued at $3,784,000 after purchasing an additional 12,889 shares during the period. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Buying and Selling at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 9,643 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $63.50, for a total value of $612,330.50. Following the sale, the executive vice president now owns 181,186 shares of the company's stock, valued at approximately $11,505,311. This trade represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Maria Victoria Wong sold 762 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $64.07, for a total value of $48,821.34. Following the transaction, the senior vice president now owns 36,937 shares of the company's stock, valued at approximately $2,366,553.59. The trade was a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,931 shares of company stock worth $4,671,930 over the last quarter. 0.01% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CSCO shares. Wells Fargo & Company upgraded shares of Cisco Systems from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $72.00 to $75.00 in a report on Thursday, May 15th. Wall Street Zen upgraded Cisco Systems from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Piper Sandler upped their price target on Cisco Systems from $60.00 to $64.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Barclays restated an "equal weight" rating on shares of Cisco Systems in a report on Wednesday, May 21st. Finally, DZ Bank upgraded Cisco Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Cisco Systems currently has a consensus rating of "Moderate Buy" and an average price target of $69.11.

Cisco Systems Trading Up 2.2%

Shares of CSCO opened at $65.51 on Tuesday. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $66.50. The stock has a 50-day moving average price of $60.72 and a 200 day moving average price of $60.62. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87. The company has a market capitalization of $259.42 billion, a P/E ratio of 28.61, a P/E/G ratio of 4.16 and a beta of 0.88.

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. The business had revenue of $14.15 billion during the quarter, compared to the consensus estimate of $14.05 billion. Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. The business's quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share. Sell-side analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Thursday, July 3rd will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, July 3rd. Cisco Systems's dividend payout ratio is currently 66.94%.

Cisco Systems 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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