235,311 Shares in Cisco Systems, Inc. (NASDAQ:CSCO) Acquired by Leigh Baldwin & CO. LLC

Leigh Baldwin & CO. LLC acquired a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 235,311 shares of the network equipment provider's stock, valued at approximately $1,393,000.

Other large investors have also modified their holdings of the company. Lionshead Wealth Management LLC bought a new stake in Cisco Systems in the 4th quarter valued at $224,000. Investment Management Corp of Ontario boosted its holdings in Cisco Systems by 44.6% in the 4th quarter. Investment Management Corp of Ontario now owns 193,478 shares of the network equipment provider's stock valued at $11,454,000 after purchasing an additional 59,680 shares during the period. Investor s Fiduciary Advisor Network LLC bought a new stake in Cisco Systems in the 4th quarter valued at $1,063,000. Jefferies Financial Group Inc. boosted its holdings in Cisco Systems by 698.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 689,603 shares of the network equipment provider's stock valued at $40,824,000 after purchasing an additional 603,286 shares during the period. Finally, Guardian Wealth Advisors LLC NC boosted its holdings in Cisco Systems by 6.5% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 20,062 shares of the network equipment provider's stock valued at $1,188,000 after purchasing an additional 1,231 shares during the period. 73.33% of the stock is owned by institutional investors.

Insider Buying and Selling at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 2,065 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $60.70, for a total value of $125,345.50. Following the transaction, the executive vice president now owns 191,184 shares of the company's stock, valued at approximately $11,604,868.80. This trade represents a 1.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 11,808 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $64.37, for a total transaction of $760,080.96. Following the completion of the transaction, the executive vice president now directly owns 200,191 shares in the company, valued at $12,886,294.67. This trade represents a 5.57% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,635 shares of company stock worth $931,901. 0.01% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CSCO shares. Barclays increased their price target on shares of Cisco Systems from $61.00 to $66.00 and gave the company an "equal weight" rating in a report on Thursday. Wells Fargo & Company upgraded shares of Cisco Systems from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $72.00 to $75.00 in a research note on Thursday. Piper Sandler increased their price objective on shares of Cisco Systems from $60.00 to $64.00 and gave the company a "neutral" rating in a research note on Thursday. DZ Bank upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Finally, Evercore ISI increased their price objective on shares of Cisco Systems from $67.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $68.00.

Cisco Systems Price Performance

CSCO traded down $0.64 during midday trading on Friday, hitting $63.62. The company had a trading volume of 30,263,445 shares, compared to its average volume of 20,420,203. 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 $253.10 billion, a PE ratio of 27.78, a P/E/G ratio of 4.16 and a beta of 0.89. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $66.50. The firm's 50-day simple moving average is $58.75 and its 200-day simple moving average is $59.66.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.05. The firm had revenue of $14.15 billion during the quarter, compared to analysts' expectations of $14.05 billion. Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. During the same quarter last year, the company posted $0.88 EPS. Equities research analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 12th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the network equipment provider to buy up to 6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Thursday, July 3rd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, July 3rd. Cisco Systems's payout ratio is presently 71.62%.

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.