Vise Technologies Inc. Boosts Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Vise Technologies Inc. boosted its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 13.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,949 shares of the network equipment provider's stock after buying an additional 8,635 shares during the period. Vise Technologies Inc.'s holdings in Cisco Systems were worth $4,378,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Retirement Planning Group LLC lifted its holdings in Cisco Systems by 3.2% in the fourth quarter. Retirement Planning Group LLC now owns 12,496 shares of the network equipment provider's stock valued at $740,000 after acquiring an additional 393 shares during the period. AAF Wealth Management LLC acquired a new stake in Cisco Systems in the fourth quarter valued at $253,000. Navalign LLC lifted its holdings in Cisco Systems by 2.1% in the fourth quarter. Navalign LLC now owns 16,777 shares of the network equipment provider's stock valued at $993,000 after acquiring an additional 341 shares during the period. Connecticut Wealth Management LLC lifted its holdings in Cisco Systems by 5.2% in the fourth quarter. Connecticut Wealth Management LLC now owns 14,083 shares of the network equipment provider's stock valued at $834,000 after acquiring an additional 692 shares during the period. Finally, JT Stratford LLC lifted its holdings in Cisco Systems by 2.2% in the fourth quarter. JT Stratford LLC now owns 34,483 shares of the network equipment provider's stock valued at $2,041,000 after acquiring an additional 743 shares during the period. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. New Street Research reissued a "neutral" rating and issued a $70.00 target price on shares of Cisco Systems in a report on Friday, May 16th. Piper Sandler raised their target price on Cisco Systems from $60.00 to $64.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. UBS Group lifted their price target on Cisco Systems from $62.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Wall Street Zen raised Cisco Systems from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company raised Cisco Systems from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $72.00 to $75.00 in a research note on Thursday, May 15th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Cisco Systems presently has a consensus rating of "Moderate Buy" and an average price target of $68.00.

Insider Buying and Selling at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 9,643 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $63.50, for a total transaction of $612,330.50. Following the completion of the transaction, the executive vice president now owns 181,186 shares of the company's stock, valued at $11,505,311. This represents a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeetendra I. Patel sold 9,961 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $63.97, for a total transaction of $637,205.17. Following the transaction, the insider now directly owns 257,162 shares of the company's stock, valued at approximately $16,450,653.14. This represents a 3.73% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,431 shares of company stock worth $1,421,356. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Price Performance

NASDAQ:CSCO opened at $63.36 on Friday. The firm has a market cap of $252.06 billion, a price-to-earnings ratio of 27.67, a price-to-earnings-growth ratio of 4.16 and a beta of 0.89. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. The company's 50-day moving average is $59.00 and its two-hundred day moving average is $59.88. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $66.50.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.04. The company had revenue of $14.15 billion for the quarter, compared to analyst estimates of $14.05 billion. Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. The firm's quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. Research analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders 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 yield of 2.59%. Cisco Systems's dividend payout ratio (DPR) is 66.94%.

Cisco Systems announced that its board has initiated a share buyback program on Wednesday, February 12th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the network equipment provider to buy up to 6% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

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.

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