Fiduciary Family Office LLC raised its stake in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 107.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,016 shares of the network equipment provider’s stock after acquiring an additional 16,609 shares during the period. Cisco Systems accounts for about 0.6% of Fiduciary Family Office LLC’s investment portfolio, making the stock its 28th biggest holding. Fiduciary Family Office LLC’s holdings in Cisco Systems were worth $2,191,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in CSCO. Bare Financial Services Inc boosted its stake in Cisco Systems by 531.0% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock valued at $25,000 after purchasing an additional 308 shares during the period. Marquette Asset Management LLC acquired a new stake in shares of Cisco Systems in the third quarter valued at approximately $25,000. Financial Connections Group Inc. increased its stake in shares of Cisco Systems by 89.4% in the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 193 shares during the period. Legacy Investment Solutions LLC bought a new stake in shares of Cisco Systems during the second quarter valued at approximately $28,000. Finally, Lowe Wealth Advisors LLC boosted its position in shares of Cisco Systems by 96.2% during the third quarter. Lowe Wealth Advisors LLC now owns 408 shares of the network equipment provider’s stock worth $28,000 after buying an additional 200 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.
Cisco Systems Price Performance
NASDAQ:CSCO opened at $75.19 on Friday. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $80.82. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 0.46. The firm has a market cap of $297.08 billion, a P/E ratio of 28.27, a PEG ratio of 2.84 and a beta of 0.87. The business’s 50-day moving average price is $76.66 and its 200 day moving average price is $71.58.
Cisco Systems Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, January 2nd. Cisco Systems’s dividend payout ratio is 61.65%.
Analyst Upgrades and Downgrades
CSCO has been the topic of several analyst reports. Morgan Stanley raised their target price on Cisco Systems from $82.00 to $91.00 and gave the company an “overweight” rating in a research report on Wednesday, December 17th. Erste Group Bank raised Cisco Systems from a “hold” rating to a “buy” rating in a research note on Monday, November 10th. Barclays lifted their price objective on shares of Cisco Systems from $71.00 to $76.00 and gave the company an “equal weight” rating in a research note on Thursday, November 13th. Evercore ISI increased their target price on shares of Cisco Systems from $74.00 to $80.00 and gave the company an “in-line” rating in a research report on Thursday, November 13th. Finally, Citic Securities boosted their price target on shares of Cisco Systems from $75.00 to $90.00 in a research report on Monday, November 17th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Cisco Systems has an average rating of “Moderate Buy” and an average target price of $85.23.
Get Our Latest Stock Analysis on Cisco Systems
Insider Buying and Selling at Cisco Systems
In related news, Director Kristina M. Johnson sold 13,481 shares of Cisco Systems stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $77.13, for a total value of $1,039,789.53. Following the transaction, the director directly owned 61,630 shares in the company, valued at $4,753,521.90. The trade was a 17.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thimaya K. Subaiya sold 1,745 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $79.46, for a total value of $138,657.70. Following the sale, the executive vice president directly owned 176,319 shares of the company’s stock, valued at approximately $14,010,307.74. This represents a 0.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,044,865 shares of company stock worth $81,397,635. 0.01% of the stock is owned by insiders.
About Cisco Systems
Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.
In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.
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