Cisco Systems, Inc. (NASDAQ:CSCO) Holdings Boosted by Napa Wealth Management

Napa Wealth Management increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 885.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,846 shares of the network equipment provider's stock after buying an additional 34,905 shares during the quarter. Cisco Systems comprises about 1.0% of Napa Wealth Management's holdings, making the stock its 21st largest position. Napa Wealth Management's holdings in Cisco Systems were worth $2,300,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in Cisco Systems in the 4th quarter valued at approximately $26,000. Navigoe LLC purchased a new stake in Cisco Systems in the 4th quarter valued at approximately $26,000. Runnymede Capital Advisors Inc. purchased a new stake in Cisco Systems in the 4th quarter valued at approximately $30,000. Campbell Capital Management Inc. purchased a new stake in Cisco Systems in the 4th quarter valued at approximately $31,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Cisco Systems during the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Activity

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 11,808 shares of Cisco Systems stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $64.37, for a total value of $760,080.96. Following the transaction, the executive vice president now owns 200,191 shares in the company, valued at approximately $12,886,294.67. The trade was a 5.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Maria Victoria Wong sold 762 shares of Cisco Systems stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $60.99, for a total transaction of $46,474.38. Following the completion of the transaction, the senior vice president now owns 44,155 shares in the company, valued at approximately $2,693,013.45. This trade represents a 1.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,635 shares of company stock worth $931,901 over the last three months. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO traded down $0.64 during trading hours on Friday, hitting $63.62. The stock had a trading volume of 30,263,445 shares, compared to its average volume of 20,420,202. The stock's fifty day simple moving average is $58.69 and its 200 day simple moving average is $59.60. 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 firm has a market capitalization of $253.10 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 4.16 and a beta of 0.89. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $66.50.

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 (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.05. The business 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 period last year, the firm posted $0.88 earnings per share. Sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems declared that its board has authorized a stock repurchase program on Wednesday, February 12th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the network equipment provider to repurchase up to 6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Cisco Systems Dividend Announcement

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 issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Thursday, July 3rd. Cisco Systems's dividend payout ratio (DPR) is presently 71.62%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barclays boosted their price target on Cisco Systems from $61.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Thursday. DZ Bank raised Cisco Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. UBS Group boosted 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. Piper Sandler boosted 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. Finally, Morgan Stanley boosted their price target on Cisco Systems from $65.00 to $67.00 and gave the stock an "overweight" rating in a research note on Thursday. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $67.47.

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.