Rothschild Investment LLC Lowers Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Rothschild Investment LLC lessened its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 154,795 shares of the network equipment provider’s stock after selling 2,027 shares during the period. Rothschild Investment LLC’s holdings in Cisco Systems were worth $9,164,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB boosted its stake 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 valued at $480,555,000 after buying an additional 52,711 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Cisco Systems by 6.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 171,490 shares of the network equipment provider’s stock worth $9,127,000 after purchasing an additional 10,895 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of Cisco Systems by 4.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,586,581 shares of the network equipment provider’s stock worth $452,526,000 after purchasing an additional 347,061 shares during the period. Mattern Capital Management LLC raised its holdings in shares of Cisco Systems by 0.6% during the 3rd quarter. Mattern Capital Management LLC now owns 169,711 shares of the network equipment provider’s stock valued at $9,032,000 after buying an additional 1,046 shares during the period. Finally, Smith Salley Wealth Management grew its stake in Cisco Systems by 0.9% during the 3rd quarter. Smith Salley Wealth Management now owns 68,758 shares of the network equipment provider’s stock valued at $3,659,000 after purchasing an additional 580 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Activity

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 3,042 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $59.19, for a total transaction of $180,055.98. Following the completion of the sale, the executive vice president now directly owns 207,798 shares of the company’s stock, valued at approximately $12,299,563.62. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Maria Victoria Wong sold 4,881 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $59.73, for a total transaction of $291,542.13. Following the sale, the senior vice president now directly owns 51,931 shares of the company’s stock, valued at approximately $3,101,838.63. This represents a 8.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,921 shares of company stock valued at $4,298,667 over the last three months. Insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CSCO shares. Rosenblatt Securities raised Cisco Systems from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $66.00 to $80.00 in a research note on Thursday, February 13th. Citigroup boosted their price objective on Cisco Systems from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Piper Sandler upped their price objective on Cisco Systems from $57.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Wells Fargo & Company upped their price objective on Cisco Systems from $60.00 to $72.00 and gave the stock an “equal weight” rating in a report on Thursday, February 13th. Finally, Morgan Stanley raised their price objective on Cisco Systems from $62.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $66.53.

Cisco Systems Trading Down 1.1 %

Shares of NASDAQ CSCO opened at $63.98 on Monday. The firm’s 50 day moving average price is $60.65 and its 200-day moving average price is $56.30. The company has a market cap of $254.53 billion, a PE ratio of 27.94, a P/E/G ratio of 4.16 and a beta of 0.84. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $66.50. 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 (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. On average, equities research analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems announced that its Board of Directors has approved a share buyback plan on Wednesday, February 12th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the network equipment provider to purchase up to 6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.56%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 3rd. Cisco Systems’s payout ratio is presently 69.87%.

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.