Alaska Permanent Fund Corp Purchases 39,987 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Alaska Permanent Fund Corp raised its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 358,173 shares of the network equipment provider's stock after buying an additional 39,987 shares during the quarter. Alaska Permanent Fund Corp's holdings in Cisco Systems were worth $18,095,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. purchased a new position in Cisco Systems during the 3rd quarter valued at about $27,000. Valued Wealth Advisors LLC bought a new stake in shares of Cisco Systems during the 4th quarter valued at about $32,000. Morton Brown Family Wealth LLC grew its holdings in shares of 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 worth $36,000 after purchasing an additional 208 shares in the last quarter. Bourgeon Capital Management LLC increased its position in shares of Cisco Systems by 3,500.0% in the fourth quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider's stock worth $36,000 after purchasing an additional 700 shares during the last quarter. Finally, Rakuten Securities Inc. bought a new position in shares of Cisco Systems in the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Up 0.4 %

NASDAQ CSCO traded up $0.18 during mid-day trading on Tuesday, reaching $48.32. The stock had a trading volume of 16,239,196 shares, compared to its average volume of 19,471,814. The stock has a market cap of $195.66 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 2.77 and a beta of 0.87. Cisco Systems, Inc. has a 1 year low of $45.56 and a 1 year high of $58.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26. The company has a fifty day moving average price of $49.01 and a 200 day moving average price of $50.13.

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, beating the consensus estimate of $0.84 by $0.03. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The business had revenue of $12.79 billion for the quarter, compared to analysts' expectations of $12.71 billion. During the same quarter in the prior year, the business earned $0.76 EPS. The business's revenue for the quarter was down 5.9% compared to the same quarter last year. On average, research analysts expect that Cisco Systems, Inc. will post 3.14 earnings per share for the current year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.31%. The ex-dividend date is Wednesday, April 3rd. This is a positive change from Cisco Systems's previous quarterly dividend of $0.39. Cisco Systems's payout ratio is currently 48.63%.

Analyst Ratings Changes

Several brokerages recently issued reports on CSCO. Morgan Stanley initiated coverage on shares of Cisco Systems in a research report on Tuesday, April 9th. They issued an "overweight" rating and a $58.00 target price for the company. Piper Sandler boosted their target price on Cisco Systems from $47.00 to $51.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Cisco Systems from $51.00 to $52.00 and gave the company a "hold" rating in a research report on Tuesday, April 9th. Wells Fargo & Company started coverage on shares of Cisco Systems in a research note on Thursday, February 15th. They issued an "equal weight" rating and a $52.00 price target for the company. Finally, Bank of America raised Cisco Systems from a "neutral" rating to a "buy" rating and boosted their target price for the company from $55.00 to $60.00 in a research note on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $55.53.

Insiders Place Their Bets

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the completion of the transaction, the executive vice president now directly owns 191,559 shares in the company, valued at $9,579,865.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total transaction of $124,850.00. Following the sale, the senior vice president now directly owns 58,121 shares of the company's stock, valued at $2,906,050. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the business's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction of $150,130.02. Following the transaction, the executive vice president now owns 191,559 shares in the company, valued at approximately $9,579,865.59. The disclosure for this sale can be found here. Insiders sold a total of 19,441 shares of company stock worth $972,080 over the last quarter. 0.02% of the stock is currently owned by corporate insiders.

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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