Cisco Systems, Inc. (NASDAQ:CSCO) Holdings Raised by Toth Financial Advisory Corp


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Toth Financial Advisory Corp lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 224,688 shares of the network equipment provider’s stock after acquiring an additional 519 shares during the period. Cisco Systems makes up approximately 1.9% of Toth Financial Advisory Corp’s investment portfolio, making the stock its 10th largest holding. Toth Financial Advisory Corp’s holdings in Cisco Systems were worth $11,619,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. grew its stake in shares of Cisco Systems by 2.0% during the fourth quarter. BlackRock Inc. now owns 327,697,698 shares of the network equipment provider’s stock worth $14,664,472,000 after acquiring an additional 6,274,151 shares during the last quarter. Norges Bank purchased a new stake in Cisco Systems in the fourth quarter valued at approximately $2,026,921,000. Morgan Stanley boosted its position in Cisco Systems by 6.1% in the fourth quarter. Morgan Stanley now owns 38,947,804 shares of the network equipment provider’s stock valued at $1,742,915,000 after buying an additional 2,222,924 shares during the last quarter. Dodge & Cox boosted its position in Cisco Systems by 27.3% in the fourth quarter. Dodge & Cox now owns 38,592,574 shares of the network equipment provider’s stock valued at $1,727,018,000 after buying an additional 8,276,836 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Cisco Systems by 10.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,461,276 shares of the network equipment provider’s stock valued at $1,721,142,000 after buying an additional 3,778,044 shares during the last quarter. Institutional investors and hedge funds own 70.62% of the company’s stock.

A number of equities research analysts recently commented on CSCO shares. Citigroup upped their target price on Cisco Systems from $45.00 to $50.00 in a research report on Wednesday, February 10th. Wolfe Research upgraded Cisco Systems from a “peer perform” rating to an “outperform” rating and set a $63.00 price objective on the stock in a research report on Thursday. Credit Suisse Group upped their price objective on Cisco Systems from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 10th. Piper Sandler upped their target price on Cisco Systems from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 10th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $50.00 target price on shares of Cisco Systems in a research note on Tuesday, February 9th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Cisco Systems currently has a consensus rating of “Hold” and a consensus price target of $50.71.

In other Cisco Systems news, Director M Michele Burns sold 13,982 shares of Cisco Systems stock in a transaction that occurred on Friday, March 26th. The stock was sold at an average price of $51.55, for a total transaction of $720,772.10. Following the transaction, the director now owns 70,468 shares of the company’s stock, valued at $3,632,625.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Prat Bhatt sold 6,273 shares of Cisco Systems stock in a transaction that occurred on Friday, February 12th. The stock was sold at an average price of $47.21, for a total value of $296,148.33. Following the transaction, the chief accounting officer now directly owns 119,282 shares in the company, valued at approximately $5,631,303.22. The disclosure for this sale can be found here. Insiders sold a total of 37,776 shares of company stock worth $1,832,205 in the last ninety days. 0.02% of the stock is owned by corporate insiders.

Cisco Systems stock traded down $0.10 during midday trading on Thursday, reaching $51.83. 137,289 shares of the stock traded hands, compared to its average volume of 21,656,254. The company has a 50-day simple moving average of $50.26 and a two-hundred day simple moving average of $44.86. Cisco Systems, Inc. has a 12-month low of $35.28 and a 12-month high of $53.18. The firm has a market cap of $218.82 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 2.54 and a beta of 0.95. The company has a current ratio of 1.59, a quick ratio of 1.54 and a debt-to-equity ratio of 0.25.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Tuesday, February 9th. The network equipment provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.03. The company had revenue of $11.96 billion for the quarter, compared to analyst estimates of $11.92 billion. Cisco Systems had a return on equity of 32.64% and a net margin of 21.76%. During the same quarter last year, the company earned $0.77 EPS. Equities research analysts anticipate that Cisco Systems, Inc. will post 2.86 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 28th. Shareholders of record on Tuesday, April 6th will be given a $0.37 dividend. The ex-dividend date is Monday, April 5th. This represents a $1.48 dividend on an annualized basis and a yield of 2.86%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.36. Cisco Systems’s dividend payout ratio (DPR) is currently 50.68%.

Cisco Systems Company Profile

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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

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

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