Brookwood Investment Group LLC Lowers Stock Holdings in Cisco Systems, Inc. $CSCO

Brookwood Investment Group LLC reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 45.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,067 shares of the network equipment provider’s stock after selling 9,151 shares during the period. Brookwood Investment Group LLC’s holdings in Cisco Systems were worth $853,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CSCO. Marquette Asset Management LLC purchased a new stake in Cisco Systems in the 3rd quarter worth approximately $25,000. Lowe Wealth Advisors LLC grew its stake in Cisco Systems by 96.2% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 408 shares of the network equipment provider’s stock worth $28,000 after acquiring an additional 200 shares during the period. Board of the Pension Protection Fund purchased a new stake in Cisco Systems in the 4th quarter worth approximately $31,000. Cedar Mountain Advisors LLC grew its stake in Cisco Systems by 115.7% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 468 shares of the network equipment provider’s stock worth $32,000 after acquiring an additional 251 shares during the period. Finally, Holos Integrated Wealth LLC purchased a new stake in Cisco Systems in the 4th quarter worth approximately $41,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Stock Down 1.1%

Shares of NASDAQ CSCO opened at $82.22 on Friday. Cisco Systems, Inc. has a 52-week low of $53.83 and a 52-week high of $88.18. The firm has a fifty day moving average of $79.74 and a 200-day moving average of $76.11. The stock has a market capitalization of $324.76 billion, a PE ratio of 28.85, a P/E/G ratio of 3.14 and a beta of 0.83. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 0.45.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.02. The company had revenue of $15.35 billion during the quarter, compared to analysts’ expectations of $15.11 billion. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 EPS. On average, analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Thursday, April 2nd will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, April 2nd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.41. Cisco Systems’s dividend payout ratio (DPR) is presently 58.95%.

Wall Street Analysts Forecast Growth

Several analysts have commented on CSCO shares. JPMorgan Chase & Co. lifted their target price on shares of Cisco Systems from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Cisco Systems in a research note on Tuesday, January 27th. Evercore raised shares of Cisco Systems from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $80.00 to $100.00 in a research note on Monday, January 26th. Wall Street Zen cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, DZ Bank raised shares of Cisco Systems to a “strong-buy” rating in a research note on Friday, February 13th. Four analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Cisco Systems currently has an average rating of “Moderate Buy” and an average target price of $89.76.

Insider Buying and Selling at Cisco Systems

In related news, EVP Oliver Tuszik sold 3,132 shares of Cisco Systems stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $79.74, for a total transaction of $249,745.68. Following the transaction, the executive vice president owned 188,613 shares in the company, valued at approximately $15,040,000.62. The trade was a 1.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeetendra I. Patel sold 11,248 shares of Cisco Systems stock in a transaction on Friday, February 13th. The shares were sold at an average price of $76.00, for a total transaction of $854,848.00. Following the transaction, the insider owned 262,776 shares in the company, valued at $19,970,976. The trade was a 4.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 46,431 shares of company stock worth $3,574,820. Corporate insiders own 0.01% of the company’s stock.

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.