12,432 Shares in Cisco Systems, Inc. (NASDAQ:CSCO) Bought by Persium Advisors LLC

Persium Advisors LLC bought a new stake in Cisco Systems, Inc. (NASDAQ:CSCO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,432 shares of the network equipment provider’s stock, valued at approximately $736,000. Cisco Systems accounts for approximately 0.7% of Persium Advisors LLC’s holdings, making the stock its 14th largest position.

A number of other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC acquired a new position in shares of Cisco Systems in the second quarter valued at $62,000. Diversify Wealth Management LLC bought a new stake in Cisco Systems in the second quarter valued at about $2,375,000. Wilkins Investment Counsel Inc. raised its position in Cisco Systems by 2.8% in the second quarter. Wilkins Investment Counsel Inc. now owns 77,781 shares of the network equipment provider’s stock worth $3,695,000 after purchasing an additional 2,135 shares in the last quarter. Rock Point Advisors LLC lifted its stake in Cisco Systems by 66.1% during the second quarter. Rock Point Advisors LLC now owns 192,910 shares of the network equipment provider’s stock worth $9,165,000 after purchasing an additional 76,784 shares during the period. Finally, Providence Wealth Advisors LLC lifted its position in shares of Cisco Systems by 1.4% during the 2nd quarter. Providence Wealth Advisors LLC now owns 23,718 shares of the network equipment provider’s stock worth $1,128,000 after buying an additional 330 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Deborah L. Stahlkopf sold 58,188 shares of Cisco Systems stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $3,345,228.12. Following the sale, the executive vice president now directly owns 219,100 shares in the company, valued at $12,596,059. This trade represents a 20.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Charles Robbins sold 171,744 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $9,873,562.56. Following the transaction, the chief executive officer now owns 783,786 shares of the company’s stock, valued at $45,059,857.14. The trade was a 17.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 353,522 shares of company stock worth $20,349,721 over the last ninety days. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Trading Up 0.2 %

Shares of NASDAQ:CSCO traded up $0.11 during midday trading on Monday, hitting $58.85. The company had a trading volume of 9,223,857 shares, compared to its average volume of 15,829,207. The firm has a fifty day simple moving average of $58.67 and a 200 day simple moving average of $53.18. The stock has a market cap of $234.39 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 4.37 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, Inc. has a 12 month low of $44.50 and a 12 month high of $60.23.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The company had revenue of $13.84 billion during the quarter, compared to analyst estimates of $13.78 billion. During the same period in the previous year, the company earned $0.98 EPS. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, analysts predict that Cisco Systems, Inc. will post 2.97 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.72%. Cisco Systems’s payout ratio is 68.67%.

Analyst Ratings Changes

Several equities research analysts have recently commented on CSCO shares. Melius Research upgraded shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Morgan Stanley upped their price objective on shares of Cisco Systems from $62.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Piper Sandler lifted their target price on shares of Cisco Systems from $52.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Wells Fargo & Company increased their price target on Cisco Systems from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Finally, Melius upgraded Cisco Systems from a “hold” rating to a “buy” rating and lifted their price objective for the company from $66.00 to $73.00 in a research report on Monday, January 6th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $61.28.

About Cisco Systems

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.