Jones Kertz & Associates Inc. Acquires Shares of 25,110 Cisco Systems, Inc. $CSCO

Key Points

• Jones Kertz & Associates Inc. acquired 25,110 shares of Cisco Systems (NASDAQ:CSCO) in Q4 worth about $1.93 million, making Cisco 1.0% of the firm's portfolio and its 28th largest holding.
• Insiders have been net sellers: EVP Oliver Tuszik sold 3,132 shares at $79.74 and CEO Charles Robbins sold 19,545 shares at $76, with insiders offloading 46,431 shares worth $3.57 million over the past 90 days.
• Cisco beat estimates and raised its dividend: Q results showed $1.04 EPS vs. $1.02 expected and $15.35B revenue (+9.7% YoY), and the company increased its quarterly dividend to $0.42 (annualized $1.68, ~1.9% yield).

Jones Kertz & Associates Inc. acquired a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,110 shares of the network equipment provider's stock, valued at approximately $1,934,000. Cisco Systems makes up 1.0% of Jones Kertz & Associates Inc.'s investment portfolio, making the stock its 28th largest position.

Several other institutional investors have also added to or reduced their stakes in CSCO. Brighton Jones LLC grew its position in Cisco Systems by 49.5% in the fourth 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 boosted its position in Cisco Systems by 37.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock valued at $542,000 after buying an additional 2,474 shares in the last quarter. Sivia Capital Partners LLC boosted its position in Cisco Systems by 7.5% in the second quarter. Sivia Capital Partners LLC now owns 10,178 shares of the network equipment provider's stock valued at $706,000 after buying an additional 712 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in Cisco Systems by 3.9% in the second quarter. Schnieders Capital Management LLC. now owns 13,974 shares of the network equipment provider's stock valued at $969,000 after buying an additional 519 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in Cisco Systems by 118.1% in the second quarter. Marshall Wace LLP now owns 90,650 shares of the network equipment provider's stock valued at $6,289,000 after buying an additional 590,650 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cisco Systems

In other news, EVP Oliver Tuszik sold 3,132 shares of the business's stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $79.74, for a total value of $249,745.68. Following the transaction, the executive vice president owned 188,613 shares in the company, valued at approximately $15,040,000.62. The trade was a 1.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles Robbins sold 19,545 shares of the business's stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $76.00, for a total transaction of $1,485,420.00. Following the completion of the transaction, the chief executive officer owned 671,095 shares in the company, valued at $51,003,220. This trade represents a 2.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 46,431 shares of company stock worth $3,574,820. Company insiders own 0.01% of the company's stock.

Cisco Systems Trading Up 1.7%

NASDAQ CSCO opened at $87.71 on Tuesday. The business's 50-day moving average price is $79.88 and its two-hundred day moving average price is $76.92. Cisco Systems, Inc. has a 12 month low of $53.83 and a 12 month high of $88.35. The firm has a market capitalization of $346.44 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 3.25 and a beta of 0.83. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.02. Cisco Systems had a return on equity of 27.88% and a net margin of 19.22%.The firm had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.11 billion. During the same quarter in the previous year, the company posted $0.94 EPS. The business's revenue was up 9.7% on a year-over-year basis. On average, analysts expect that Cisco Systems, Inc. will post 3.4 EPS for the current year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Thursday, April 2nd will be given a $0.42 dividend. This is a boost from Cisco Systems's previous quarterly dividend of $0.41. The ex-dividend date is Thursday, April 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.9%. Cisco Systems's dividend payout ratio is presently 58.95%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. CICC Research raised their target price on shares of Cisco Systems from $84.00 to $96.00 and gave the company an "outperform" rating in a research report on Friday, February 13th. Erste Group Bank lowered shares of Cisco Systems from a "buy" rating to a "hold" rating in a research report on Wednesday, February 18th. Weiss Ratings reiterated a "buy (b)" rating on shares of Cisco Systems in a research report on Tuesday, January 27th. Wall Street Zen downgraded Cisco Systems from a "buy" rating to a "hold" rating in a research report on Saturday, March 14th. Finally, Citigroup increased their target price on Cisco Systems from $85.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, February 12th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Cisco Systems has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

Cisco Systems Company Profile

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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