MRP Capital Investments LLC Sells 31,646 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

MRP Capital Investments LLC decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 53.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,106 shares of the network equipment provider's stock after selling 31,646 shares during the period. Cisco Systems makes up approximately 1.5% of MRP Capital Investments LLC's holdings, making the stock its 23rd largest holding. MRP Capital Investments LLC's holdings in Cisco Systems were worth $1,369,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. purchased a new stake in Cisco Systems during the third quarter valued at about $27,000. Valued Wealth Advisors LLC purchased a new stake in Cisco Systems during the fourth quarter valued at about $32,000. Fortis Capital Advisors LLC purchased a new stake in Cisco Systems during the fourth quarter valued at about $34,000. Morton Brown Family Wealth LLC raised its position in Cisco Systems by 41.9% during the fourth quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 208 shares in the last quarter. Finally, Hibernia Wealth Partners LLC purchased a new stake in Cisco Systems during the third quarter valued at about $42,000. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Trading Down 2.1 %

Shares of NASDAQ CSCO traded down $1.04 during trading hours on Friday, hitting $48.49. The company's stock had a trading volume of 16,415,219 shares, compared to its average volume of 19,717,400. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.37. The stock has a market cap of $196.35 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 2.82 and a beta of 0.87. Cisco Systems, Inc. has a 12 month low of $45.56 and a 12 month high of $58.19. The business has a 50-day simple moving average of $49.25 and a 200-day simple moving average of $50.44.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.03. The company had revenue of $12.79 billion for the quarter, compared to analysts' expectations of $12.71 billion. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. Cisco Systems's quarterly revenue was down 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.76 earnings per share. On average, analysts anticipate that Cisco Systems, Inc. will post 3.15 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.30%. This is a boost from Cisco Systems's previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, April 3rd. Cisco Systems's payout ratio is presently 48.63%.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of Cisco Systems stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the sale, the chief financial officer now directly owns 328,491 shares of the company's stock, valued at approximately $16,424,550. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Richard Scott Herren sold 13,942 shares of the business's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the sale, the chief financial officer now directly owns 328,491 shares of the company's stock, valued at approximately $16,424,550. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total value of $150,130.02. Following the completion of the sale, the executive vice president now directly owns 191,559 shares in the company, valued at $9,579,865.59. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,441 shares of company stock valued at $972,080. 0.02% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of research reports. Melius Research restated a "hold" rating and set a $55.00 price target on shares of Cisco Systems in a research report on Monday, January 8th. Wells Fargo & Company assumed coverage on Cisco Systems in a report on Thursday, February 15th. They issued an "equal weight" rating and a $52.00 price objective on the stock. Morgan Stanley assumed coverage on Cisco Systems in a report on Tuesday. They issued an "overweight" rating and a $58.00 price objective on the stock. Piper Sandler lifted their price objective on Cisco Systems from $47.00 to $51.00 and gave the stock a "neutral" rating in a report on Wednesday, March 20th. Finally, Citigroup assumed coverage on Cisco Systems in a report on Friday. They issued a "neutral" rating and a $52.00 price objective on the stock. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Cisco Systems presently has a consensus rating of "Hold" and a consensus price target of $56.03.

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.

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