Quadrant Private Wealth Management LLC Purchases 924 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Quadrant Private Wealth Management LLC boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 50,614 shares of the network equipment provider’s stock after acquiring an additional 924 shares during the period. Quadrant Private Wealth Management LLC’s holdings in Cisco Systems were worth $2,996,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Adell Harriman & Carpenter Inc. boosted its stake in shares of Cisco Systems by 6.5% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 206,410 shares of the network equipment provider’s stock worth $12,220,000 after buying an additional 12,604 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of Cisco Systems by 0.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 95,732 shares of the network equipment provider’s stock worth $5,667,000 after buying an additional 322 shares during the last quarter. Roman Butler Fullerton & Co. boosted its stake in shares of Cisco Systems by 5.4% during the 4th quarter. Roman Butler Fullerton & Co. now owns 24,251 shares of the network equipment provider’s stock worth $1,433,000 after buying an additional 1,239 shares during the last quarter. Asset Planning Inc acquired a new position in shares of Cisco Systems during the 4th quarter worth about $617,000. Finally, Banque Pictet & Cie SA boosted its stake in shares of Cisco Systems by 3.8% during the 4th quarter. Banque Pictet & Cie SA now owns 55,150 shares of the network equipment provider’s stock worth $3,250,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citigroup increased their price objective on shares of Cisco Systems from $68.00 to $71.00 and gave the stock a “buy” rating in a research note on Thursday. Wells Fargo & Company raised their target price on shares of Cisco Systems from $60.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday. BNP Paribas upgraded shares of Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 target price for the company in a research note on Tuesday, January 28th. The Goldman Sachs Group raised their target price on shares of Cisco Systems from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Piper Sandler raised their target price on shares of Cisco Systems from $57.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.53.

Insider Activity at Cisco Systems

In related news, Director Kristina M. Johnson sold 7,500 shares of Cisco Systems stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $59.87, for a total value of $449,025.00. Following the transaction, the director now directly owns 65,915 shares of the company’s stock, valued at $3,946,331.05. This trade represents a 10.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thimaya K. Subaiya sold 3,042 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $59.19, for a total transaction of $180,055.98. Following the sale, the executive vice president now directly owns 207,798 shares in the company, valued at approximately $12,299,563.62. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,239 shares of company stock valued at $2,166,612 over the last three months. 0.01% of the stock is owned by insiders.

Cisco Systems Stock Up 1.6 %

Shares of CSCO opened at $64.87 on Friday. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $66.50. The firm’s 50 day moving average is $59.97 and its 200-day moving average is $55.42. The stock has a market capitalization of $258.36 billion, a PE ratio of 27.84, a P/E/G ratio of 4.63 and a beta of 0.84. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. Equities research analysts forecast that Cisco Systems, Inc. will post 2.97 EPS for the current year.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.53%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 3rd. Cisco Systems’s dividend payout ratio (DPR) is 68.67%.

Cisco Systems announced that its board has authorized a share repurchase program on Wednesday, February 12th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the network equipment provider to buy up to 6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Cisco Systems 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. 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.