Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Diversified Trust Co

Diversified Trust Co lessened its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 25.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,058 shares of the network equipment provider’s stock after selling 16,951 shares during the period. Diversified Trust Co’s holdings in Cisco Systems were worth $2,378,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CSCO. Delos Wealth Advisors LLC grew its position in Cisco Systems by 1,666.7% in the 4th quarter. Delos Wealth Advisors LLC now owns 636 shares of the network equipment provider’s stock valued at $32,000 after buying an additional 600 shares in the last quarter. DiNuzzo Private Wealth Inc. acquired a new stake in Cisco Systems in the fourth quarter worth approximately $33,000. Bourgeon Capital Management LLC boosted its stake in Cisco Systems by 3,500.0% during the 4th quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 700 shares in the last quarter. Retirement Group LLC increased its position in shares of Cisco Systems by 56.8% during the 1st quarter. Retirement Group LLC now owns 726 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 263 shares during the period. Finally, Tidemark LLC bought a new stake in shares of Cisco Systems in the 4th quarter worth $41,000. 73.33% of the stock is currently owned by institutional investors.

Insider Transactions at Cisco Systems

In related news, SVP Maria Victoria Wong sold 762 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $45.42, for a total value of $34,610.04. Following the sale, the senior vice president now owns 51,788 shares of the company’s stock, valued at $2,352,210.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Maria Victoria Wong sold 762 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $45.42, for a total transaction of $34,610.04. Following the completion of the sale, the senior vice president now directly owns 51,788 shares of the company’s stock, valued at approximately $2,352,210.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,619 shares of Cisco Systems stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $45.34, for a total value of $118,745.46. Following the completion of the transaction, the executive vice president now owns 176,384 shares of the company’s stock, valued at approximately $7,997,250.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,106 shares of company stock valued at $1,908,923. 0.02% of the stock is owned by corporate insiders.

Cisco Systems Price Performance

NASDAQ CSCO remained flat at $45.37 during midday trading on Wednesday. 2,633,092 shares of the company’s stock traded hands, compared to its average volume of 19,540,479. The stock has a fifty day moving average of $46.63 and a two-hundred day moving average of $47.94. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $58.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.89. The firm has a market cap of $182.79 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 2.97 and a beta of 0.85.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.18. The business had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $12.53 billion. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. The firm’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same period last year, the business earned $0.88 earnings per share. As a group, equities analysts predict that Cisco Systems, Inc. will post 3.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

CSCO has been the topic of a number of research analyst reports. Barclays lifted their target price on Cisco Systems from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, May 17th. JPMorgan Chase & Co. assumed coverage on shares of Cisco Systems in a report on Monday, April 22nd. They issued a “neutral” rating and a $53.00 target price on the stock. Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research report on Monday, June 10th. Piper Sandler reaffirmed a “neutral” rating and issued a $52.00 price target on shares of Cisco Systems in a report on Wednesday, June 5th. Finally, Wells Fargo & Company raised their price objective on Cisco Systems from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $56.47.

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.