Trust Point Inc. Purchases Shares of 43,872 Cisco Systems, Inc. (NASDAQ:CSCO)

Trust Point Inc. purchased a new stake in Cisco Systems, Inc. (NASDAQ:CSCOFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,872 shares of the network equipment provider’s stock, valued at approximately $2,216,000.

Several other institutional investors also recently modified their holdings of the stock. Kathleen S. Wright Associates Inc. purchased a new position in Cisco Systems during the 3rd quarter worth approximately $27,000. Valued Wealth Advisors LLC purchased a new position in shares of Cisco Systems during the 4th quarter valued at $32,000. Fortis Capital Advisors LLC purchased a new position in shares of Cisco Systems during the 4th quarter valued at $34,000. Hibernia Wealth Partners LLC purchased a new position in shares of Cisco Systems during the 3rd quarter valued at $42,000. Finally, VitalStone Financial LLC purchased a new position in shares of Cisco Systems during the 2nd quarter valued at $45,000. Institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling

In other news, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the completion of the sale, the senior vice president now owns 58,121 shares of the company’s stock, valued at $2,906,050. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 328,491 shares of the company’s stock, valued at $16,424,550. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the completion of the transaction, the senior vice president now directly owns 58,121 shares in the company, valued at $2,906,050. The disclosure for this sale can be found here. Insiders sold 19,441 shares of company stock valued at $972,080 over the last quarter. Corporate insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

CSCO has been the topic of several analyst reports. Piper Sandler increased their target price on shares of Cisco Systems from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. StockNews.com downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Melius downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Barclays increased their target price on shares of Cisco Systems from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Finally, Wells Fargo & Company began coverage on shares of Cisco Systems in a research report on Thursday, February 15th. They set an “equal weight” rating and a $52.00 target price on the stock. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $56.42.

View Our Latest Stock Analysis on CSCO

Cisco Systems Price Performance

Shares of NASDAQ CSCO remained flat at $48.96 during mid-day trading on Wednesday. 5,265,819 shares of the company traded hands, compared to its average volume of 19,569,363. 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 firm’s 50 day moving average price is $49.65 and its 200-day moving average price is $50.71. Cisco Systems, Inc. has a twelve month low of $45.56 and a twelve month high of $58.19. The company has a market cap of $198.25 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 2.27 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCOGet Free Report) last released its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share 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 during the quarter, compared to analysts’ expectations of $12.71 billion. During the same quarter last year, the company earned $0.76 earnings per share. The firm’s revenue was down 5.9% on a year-over-year basis. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 3.16 EPS for the current year.

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.27%. 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 dividend payout ratio is 47.42%.

Cisco Systems Company 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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