Cisco Systems, Inc. (NASDAQ:CSCO) Shares Acquired by Ellsworth Advisors LLC

Ellsworth Advisors LLC lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,237 shares of the network equipment provider’s stock after acquiring an additional 714 shares during the period. Cisco Systems accounts for approximately 1.4% of Ellsworth Advisors LLC’s portfolio, making the stock its 27th biggest holding. Ellsworth Advisors LLC’s holdings in Cisco Systems were worth $4,407,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Wealthspire Advisors LLC lifted its position in Cisco Systems by 48.1% during the third quarter. Wealthspire Advisors LLC now owns 71,385 shares of the network equipment provider’s stock worth $3,838,000 after buying an additional 23,194 shares during the period. HBK Sorce Advisory LLC lifted its position in Cisco Systems by 0.5% during the third quarter. HBK Sorce Advisory LLC now owns 64,136 shares of the network equipment provider’s stock worth $3,448,000 after buying an additional 301 shares during the period. Adage Capital Partners GP L.L.C. lifted its position in Cisco Systems by 1.1% during the third quarter. Adage Capital Partners GP L.L.C. now owns 4,470,521 shares of the network equipment provider’s stock worth $240,335,000 after buying an additional 49,700 shares during the period. Waverly Advisors LLC raised its holdings in shares of Cisco Systems by 140.8% in the 3rd quarter. Waverly Advisors LLC now owns 46,753 shares of the network equipment provider’s stock worth $2,513,000 after purchasing an additional 27,337 shares during the period. Finally, GHE LLC raised its holdings in shares of Cisco Systems by 0.9% in the 3rd quarter. GHE LLC now owns 34,431 shares of the network equipment provider’s stock worth $1,851,000 after purchasing an additional 292 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Stock Performance

Cisco Systems stock traded up $0.14 during mid-day trading on Thursday, hitting $49.91. 18,137,448 shares of the company’s stock traded hands, compared to its average volume of 19,930,795. The firm has a 50 day moving average price of $49.77 and a 200 day moving average price of $50.93. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. The company has a market cap of $202.10 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 2.24 and a beta of 0.87. Cisco Systems, Inc. has a one year low of $45.56 and a one year high of $58.19.

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

Cisco Systems Increases Dividend

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

Insider Activity

In other news, SVP Maria Victoria Wong sold 2,497 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total transaction of $124,850.00. Following the sale, the senior vice president now directly owns 58,121 shares of the company’s stock, valued at $2,906,050. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the transaction, the executive vice president now directly owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the transaction, the senior vice president now directly owns 58,121 shares in the company, valued at $2,906,050. The disclosure for this sale can be found here. Insiders sold a total of 19,441 shares of company stock worth $972,080 over the last 90 days. 0.02% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CSCO has been the topic of a number of research reports. Melius downgraded Cisco Systems from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Piper Sandler raised their target price on Cisco Systems from $47.00 to $51.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. Melius Research reiterated a “hold” rating and set a $55.00 target price on shares of Cisco Systems in a report on Monday, January 8th. Barclays raised their target price on Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Finally, UBS Group raised their target price on Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Cisco Systems presently has a consensus rating of “Hold” and an average price target of $56.42.

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.