Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,744 shares of the network equipment provider’s stock after buying an additional 178 shares during the period. SeaCrest Wealth Management LLC’s holdings in Cisco Systems were worth $1,879,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CSCO. Accurate Wealth Management LLC boosted its position in Cisco Systems by 0.6% during the 4th quarter. Accurate Wealth Management LLC now owns 50,476 shares of the network equipment provider’s stock worth $2,965,000 after acquiring an additional 303 shares during the period. Wynn Capital LLC raised its stake in shares of Cisco Systems by 0.9% during the fourth quarter. Wynn Capital LLC now owns 38,225 shares of the network equipment provider’s stock valued at $2,263,000 after purchasing an additional 346 shares in the last quarter. Ignite Planners LLC lifted its holdings in Cisco Systems by 13.1% in the fourth quarter. Ignite Planners LLC now owns 8,108 shares of the network equipment provider’s stock worth $477,000 after purchasing an additional 936 shares during the period. Wallace Advisory Group LLC grew its position in Cisco Systems by 8.2% in the 4th quarter. Wallace Advisory Group LLC now owns 22,993 shares of the network equipment provider’s stock valued at $1,361,000 after buying an additional 1,738 shares in the last quarter. Finally, GSG Advisors LLC acquired a new position in Cisco Systems during the 4th quarter valued at about $227,000. 73.33% of the stock is owned by institutional investors.

Cisco Systems Stock Up 1.0 %

Shares of NASDAQ:CSCO opened at $59.33 on Wednesday. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $60.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. The company has a market cap of $236.30 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 4.37 and a beta of 0.85. The firm has a 50 day simple moving average of $58.79 and a 200 day simple moving average of $53.34.

Cisco Systems (NASDAQ:CSCOGet Free Report) last released its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $13.84 billion during the quarter, compared to analyst estimates of $13.78 billion. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. As a group, research analysts expect that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.70%. Cisco Systems’s dividend payout ratio (DPR) is presently 68.67%.

Insider Activity

In other news, CEO Charles Robbins sold 171,744 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $57.49, for a total transaction of $9,873,562.56. Following the transaction, the chief executive officer now directly owns 783,786 shares in the company, valued at $45,059,857.14. The trade was a 17.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Thimaya K. Subaiya sold 21,230 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $57.07, for a total value of $1,211,596.10. Following the sale, the executive vice president now owns 213,834 shares of the company’s stock, valued at approximately $12,203,506.38. This represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 353,522 shares of company stock worth $20,349,721 in the last 90 days. Company insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CSCO. Piper Sandler upped their price target on shares of Cisco Systems from $52.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Bank of America increased their price target on Cisco Systems from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Wells Fargo & Company boosted their price objective on Cisco Systems from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Melius raised Cisco Systems from a “hold” rating to a “buy” rating and raised their target price for the company from $66.00 to $73.00 in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. upgraded shares of Cisco Systems from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $55.00 to $66.00 in a research report on Monday, November 11th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $61.28.

View Our Latest Stock Analysis on CSCO

Cisco Systems Profile

(Free Report)

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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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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