Cisco Systems, Inc. (NASDAQ:CSCO) Shares Purchased by Buckley Wealth Management LLC

Buckley Wealth Management LLC increased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 164,630 shares of the network equipment provider’s stock after acquiring an additional 4,890 shares during the period. Cisco Systems makes up about 2.9% of Buckley Wealth Management LLC’s portfolio, making the stock its 11th largest holding. Buckley Wealth Management LLC’s holdings in Cisco Systems were worth $8,317,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CSCO. Kathleen S. Wright Associates Inc. acquired a new stake in Cisco Systems in the 3rd quarter worth about $27,000. Valued Wealth Advisors LLC acquired a new stake in Cisco Systems in the 4th quarter worth about $32,000. Fortis Capital Advisors LLC acquired a new stake in Cisco Systems in the 4th quarter worth about $34,000. Hibernia Wealth Partners LLC acquired a new stake in Cisco Systems in the 3rd quarter worth about $42,000. Finally, VitalStone Financial LLC acquired a new stake in Cisco Systems in the 2nd quarter worth about $45,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CSCO has been the topic of several recent research reports. Melius cut Cisco Systems from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Wells Fargo & Company initiated coverage on Cisco Systems in a report on Thursday, February 15th. They set an “equal weight” rating and a $52.00 target price on the stock. Piper Sandler boosted their target price on Cisco Systems from $47.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, March 20th. Barclays boosted their target price on Cisco Systems from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Finally, Melius Research reaffirmed a “hold” rating and set a $55.00 price target on shares of Cisco Systems in a research report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $56.42.

Insider Activity

In related news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $50.00, for a total transaction of $697,100.00. Following the sale, the chief financial officer now owns 328,491 shares in the company, valued at $16,424,550. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the sale, the senior vice president now owns 58,121 shares in the company, valued at $2,906,050. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the sale, the chief financial officer now owns 328,491 shares in the company, valued at approximately $16,424,550. The disclosure for this sale can be found here. Insiders have sold 19,441 shares of company stock worth $972,080 over the last ninety days. 0.02% of the stock is currently owned by insiders.

Cisco Systems Price Performance

Cisco Systems stock traded up $0.22 during mid-day trading on Wednesday, reaching $49.77. The company had a trading volume of 17,230,482 shares, compared to its average volume of 19,896,768. Cisco Systems, Inc. has a 1 year low of $45.56 and a 1 year high of $58.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26. The company has a market capitalization of $201.53 billion, a P/E ratio of 15.08, a P/E/G ratio of 2.25 and a beta of 0.87. The stock’s 50-day simple moving average is $49.78 and its 200-day simple moving average is $50.94.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.84 by $0.03. The business had revenue of $12.79 billion for the quarter, compared to analyst estimates of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 earnings per share. On average, equities analysts predict that Cisco Systems, Inc. will post 3.16 EPS for the current year.

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th will be given a $0.40 dividend. The ex-dividend date is Wednesday, April 3rd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 3.21%. Cisco Systems’s dividend payout ratio is currently 47.42%.

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.