Barlow Wealth Partners Inc. acquired a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,285 shares of the network equipment provider’s stock, valued at approximately $570,000.
A number of other institutional investors also recently made changes to their positions in CSCO. Valued Wealth Advisors LLC acquired a new position in Cisco Systems in the 4th quarter valued at $32,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Cisco Systems in the 4th quarter valued at approximately $33,000. Morton Brown Family Wealth LLC lifted its holdings in shares of Cisco Systems by 41.9% during the 4th quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock worth $36,000 after acquiring an additional 208 shares during the period. Bourgeon Capital Management LLC boosted its position in shares of 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 worth $36,000 after acquiring an additional 700 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new position in Cisco Systems in the fourth quarter valued at approximately $43,000. Institutional investors own 73.33% of the company’s stock.
Insiders Place Their Bets
In related news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the transaction, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at $16,424,550. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the sale, the executive vice president now owns 191,559 shares in the company, valued at approximately $9,579,865.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard Scott Herren sold 13,942 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.00, for a total transaction of $697,100.00. Following the transaction, the chief financial officer now owns 328,491 shares in the company, valued at approximately $16,424,550. The disclosure for this sale can be found here. Insiders have sold a total of 19,441 shares of company stock valued at $972,080 in the last quarter. 0.02% of the stock is currently owned by insiders.
Analyst Ratings Changes
Check Out Our Latest Report on Cisco Systems
Cisco Systems Stock Performance
NASDAQ CSCO traded up $0.72 on Wednesday, hitting $48.00. 15,129,344 shares of the company traded hands, compared to its average volume of 19,021,109. The business’s 50 day moving average price is $48.75 and its 200-day moving average price is $49.69. The company has a market capitalization of $194.36 billion, a price-to-earnings ratio of 14.59, a P/E/G ratio of 2.72 and a beta of 0.87. Cisco Systems, Inc. has a 52-week low of $45.70 and a 52-week high of $58.19. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14.
Cisco Systems (NASDAQ:CSCO – Get Free Report) last issued its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping 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 company had revenue of $12.79 billion during the quarter, compared to the consensus estimate of $12.71 billion. During the same quarter in the prior year, the firm posted $0.76 EPS. Cisco Systems’s quarterly revenue was down 5.9% compared to the same quarter last year. Equities analysts expect that Cisco Systems, Inc. will post 3.13 earnings per share for the current year.
Cisco Systems Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Wednesday, April 3rd. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio (DPR) is currently 48.63%.
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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