Cisco Systems, Inc. (NASDAQ:CSCO) Shares Purchased by Hamilton Point Investment Advisors LLC

Hamilton Point Investment Advisors LLC boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 109,369 shares of the network equipment provider’s stock after buying an additional 2,048 shares during the quarter. Hamilton Point Investment Advisors LLC’s holdings in Cisco Systems were worth $6,475,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Intergy Private Wealth LLC lifted its stake in shares of Cisco Systems by 19.5% during the fourth quarter. Intergy Private Wealth LLC now owns 5,433 shares of the network equipment provider’s stock worth $322,000 after buying an additional 886 shares during the period. Institute for Wealth Management LLC. increased its holdings in shares of Cisco Systems by 2.1% in the fourth quarter. Institute for Wealth Management LLC. now owns 20,268 shares of the network equipment provider’s stock valued at $1,200,000 after purchasing an additional 416 shares during the period. Evernest Financial Advisors LLC raised its stake in shares of Cisco Systems by 2.2% in the fourth quarter. Evernest Financial Advisors LLC now owns 12,596 shares of the network equipment provider’s stock worth $746,000 after purchasing an additional 270 shares during the last quarter. Sonora Investment Management Group LLC lifted its holdings in shares of Cisco Systems by 3.9% during the fourth quarter. Sonora Investment Management Group LLC now owns 345,485 shares of the network equipment provider’s stock worth $20,453,000 after purchasing an additional 12,876 shares during the period. Finally, Oak Harvest Investment Services boosted its position in Cisco Systems by 22.3% in the fourth quarter. Oak Harvest Investment Services now owns 153,238 shares of the network equipment provider’s stock valued at $9,072,000 after buying an additional 27,893 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on CSCO shares. Melius upgraded shares of 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 note on Monday, January 6th. Melius Research raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Bank of America increased their price target on Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Barclays upped their target price on Cisco Systems from $49.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Finally, Piper Sandler lifted their price target on Cisco Systems from $52.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.72.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO opened at $60.47 on Friday. The business’s 50 day moving average price is $59.40 and its 200-day moving average price is $54.39. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $62.31. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80. The firm has a market capitalization of $240.84 billion, a PE ratio of 25.95, a P/E/G ratio of 4.43 and a beta of 0.84.

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

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.65%. The ex-dividend date was Friday, January 3rd. Cisco Systems’s payout ratio is currently 68.67%.

Insider Buying and Selling at Cisco Systems

In related news, Director Kristina M. Johnson sold 7,500 shares of Cisco Systems stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $59.87, for a total value of $449,025.00. Following the completion of the sale, the director now owns 65,915 shares in the company, valued at approximately $3,946,331.05. This trade represents a 10.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles Robbins sold 171,744 shares of Cisco Systems stock in a transaction on Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $9,873,562.56. Following the completion of the sale, the chief executive officer now directly owns 783,786 shares of the company’s stock, valued at $45,059,857.14. The trade was a 17.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 353,522 shares of company stock worth $20,349,721 in the last ninety days. 0.01% of the stock is owned by insiders.

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.