Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Arthur M. Cohen & Associates LLC

Arthur M. Cohen & Associates LLC lessened its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 35.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,620 shares of the network equipment provider’s stock after selling 2,000 shares during the period. Arthur M. Cohen & Associates LLC’s holdings in Cisco Systems were worth $214,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC bought a new stake in shares of Cisco Systems during the fourth quarter valued at approximately $96,000. Brooklyn Investment Group increased its position in Cisco Systems by 13.2% in the 4th quarter. Brooklyn Investment Group now owns 20,363 shares of the network equipment provider’s stock valued at $1,205,000 after acquiring an additional 2,378 shares during the period. Cranbrook Wealth Management LLC raised its stake in Cisco Systems by 5.2% during the 4th quarter. Cranbrook Wealth Management LLC now owns 7,780 shares of the network equipment provider’s stock valued at $461,000 after acquiring an additional 385 shares in the last quarter. Sax Wealth Advisors LLC boosted its position in Cisco Systems by 7.8% during the 4th quarter. Sax Wealth Advisors LLC now owns 7,910 shares of the network equipment provider’s stock worth $468,000 after acquiring an additional 570 shares during the period. Finally, Somerset Trust Co grew its stake in shares of Cisco Systems by 1.5% in the fourth quarter. Somerset Trust Co now owns 108,274 shares of the network equipment provider’s stock worth $6,410,000 after purchasing an additional 1,567 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CSCO shares. JPMorgan Chase & Co. upgraded shares of Cisco Systems from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $55.00 to $66.00 in a research note on Monday, November 11th. Morgan Stanley upped their price target 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. Tigress Financial raised their price objective on shares of Cisco Systems from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Piper Sandler upped their target price on Cisco Systems from $52.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, Wells Fargo & Company lifted their price target on Cisco Systems from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cisco Systems presently has a consensus rating of “Moderate Buy” and an average target price of $61.50.

Cisco Systems Stock Up 0.7 %

NASDAQ:CSCO opened at $60.23 on Friday. The business’s fifty day moving average price is $58.87 and its 200 day moving average price is $53.43. The firm has a market capitalization of $239.88 billion, a price-to-earnings ratio of 25.85, 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 1-year low of $44.50 and a 1-year high of $60.95.

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

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Friday, January 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 68.67%.

Insider Buying and Selling

In related news, CEO Charles Robbins sold 171,744 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $9,873,562.56. Following the transaction, the chief executive officer now owns 783,786 shares in the company, valued at approximately $45,059,857.14. This represents a 17.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Maria Victoria Wong sold 586 shares of Cisco Systems stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $58.69, for a total transaction of $34,392.34. Following the completion of the sale, the senior vice president now owns 50,767 shares of the company’s stock, valued at $2,979,515.23. This trade represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 353,522 shares of company stock worth $20,349,721. Corporate insiders own 0.01% of the company’s stock.

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.