Cisco Systems, Inc. (NASDAQ:CSCO) Shares Acquired by PYA Waltman Capital LLC

PYA Waltman Capital LLC raised its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,863 shares of the network equipment provider’s stock after purchasing an additional 346 shares during the quarter. PYA Waltman Capital LLC’s holdings in Cisco Systems were worth $1,117,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Swedbank AB boosted its position in shares of Cisco Systems by 0.6% in the third quarter. Swedbank AB now owns 9,029,594 shares of the network equipment provider’s stock worth $480,555,000 after buying an additional 52,711 shares during the period. Foundations Investment Advisors LLC increased its holdings in Cisco Systems by 6.2% during the 3rd quarter. Foundations Investment Advisors LLC now owns 25,699 shares of the network equipment provider’s stock worth $1,368,000 after purchasing an additional 1,505 shares during the last quarter. Stanley Laman Group Ltd. increased its stake in shares of Cisco Systems by 3.4% in the third quarter. Stanley Laman Group Ltd. now owns 9,695 shares of the network equipment provider’s stock worth $516,000 after buying an additional 323 shares during the last quarter. Elevated Capital Advisors LLC acquired a new position in Cisco Systems during the 3rd quarter worth $387,000. Finally, Monte Financial Group LLC raised its stake in shares of Cisco Systems by 9.2% in the 3rd quarter. Monte Financial Group LLC now owns 115,135 shares of the network equipment provider’s stock valued at $6,127,000 after purchasing an additional 9,705 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Activity

In related news, CEO Charles Robbins sold 31,983 shares of Cisco Systems stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the transaction, the chief executive officer now owns 736,120 shares of the company’s stock, valued at $47,413,489.20. This trade represents a 4.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 4,881 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $59.73, for a total value of $291,542.13. Following the sale, the senior vice president now directly owns 51,931 shares in the company, valued at $3,101,838.63. The trade was a 8.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,921 shares of company stock worth $4,298,667. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Price Performance

NASDAQ CSCO opened at $64.67 on Friday. The stock has a 50-day simple moving average of $60.55 and a 200 day simple moving average of $56.01. The stock has a market capitalization of $257.28 billion, a PE ratio of 28.24, a P/E/G ratio of 4.17 and a beta of 0.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $66.50.

Cisco Systems (NASDAQ:CSCO) last issued 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 26.08% and a net margin of 16.96%. Research analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems declared that its board has authorized a share repurchase plan on Wednesday, February 12th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the network equipment provider to reacquire up to 6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.54%. 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 currently 69.87%.

Analysts Set New Price Targets

Several research firms recently issued reports on CSCO. Barclays upped their price target on Cisco Systems from $56.00 to $61.00 and gave the company an “equal weight” rating in a research report on Thursday, February 13th. Piper Sandler increased their price target on Cisco Systems from $57.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. DZ Bank upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research note on Tuesday. Morgan Stanley lifted their price objective on shares of Cisco Systems from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Finally, Melius raised Cisco Systems from a “hold” rating to a “buy” rating and increased their price objective for the stock from $66.00 to $73.00 in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Cisco Systems has an average rating of “Moderate Buy” and a consensus price target of $66.53.

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. 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.