Personal CFO Solutions LLC Acquires 3,905 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Personal CFO Solutions LLC increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 31.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,378 shares of the network equipment provider's stock after purchasing an additional 3,905 shares during the period. Personal CFO Solutions LLC's holdings in Cisco Systems were worth $1,011,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Navigoe LLC purchased a new position in Cisco Systems in the 4th quarter worth about $26,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Cisco Systems during the fourth quarter valued at approximately $26,000. JDM Financial Group LLC lifted its position in shares of Cisco Systems by 160.4% in the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock valued at $29,000 after acquiring an additional 300 shares in the last quarter. Runnymede Capital Advisors Inc. purchased a new position in Cisco Systems during the 4th quarter worth approximately $30,000. Finally, Campbell Capital Management Inc. purchased a new position in Cisco Systems during the 4th quarter worth approximately $31,000. Institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Down 0.5%

Shares of CSCO traded down $0.34 during trading hours on Tuesday, hitting $68.59. 19,766,445 shares of the company were exchanged, compared to its average volume of 20,368,486. The company has a market cap of $271.62 billion, a PE ratio of 28.00, a PEG ratio of 4.15 and a beta of 0.90. The firm's 50 day moving average is $64.18 and its 200-day moving average is $61.58. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $69.78. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.87 and a current ratio of 0.95.

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 (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. The company had revenue of $14.15 billion during the quarter, compared to the consensus estimate of $14.05 billion. Cisco Systems had a return on equity of 26.48% and a net margin of 17.60%. The firm's revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 EPS. On average, equities research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Charles Robbins sold 29,784 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $64.61, for a total value of $1,924,344.24. Following the completion of the transaction, the chief executive officer directly owned 688,409 shares of the company's stock, valued at approximately $44,478,105.49. This represents a 4.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Richard Scott Herren sold 15,678 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $65.52, for a total transaction of $1,027,222.56. Following the completion of the transaction, the chief financial officer owned 309,543 shares of the company's stock, valued at $20,281,257.36. This trade represents a 4.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,335 shares of company stock worth $6,271,054 in the last 90 days. 0.01% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CSCO. New Street Research reiterated a "neutral" rating and set a $70.00 price objective on shares of Cisco Systems in a research report on Friday, May 16th. Morgan Stanley reiterated a "hold" rating on shares of Cisco Systems in a research report on Wednesday, May 21st. JPMorgan Chase & Co. lifted their price objective on shares of Cisco Systems from $70.00 to $73.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Wolfe Research began coverage on shares of Cisco Systems in a research report on Tuesday. They set a "peer perform" rating on the stock. Finally, Piper Sandler lifted their price objective on shares of Cisco Systems from $60.00 to $64.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Eight 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, the company has a consensus rating of "Moderate Buy" and an average target price of $69.53.

About Cisco Systems

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.