KLCM Advisors Inc. Buys 33,381 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

KLCM Advisors Inc. boosted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 13.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 287,072 shares of the network equipment provider’s stock after purchasing an additional 33,381 shares during the period. Cisco Systems comprises approximately 2.2% of KLCM Advisors Inc.’s investment portfolio, making the stock its 16th biggest holding. KLCM Advisors Inc.’s holdings in Cisco Systems were worth $14,503,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CSCO. Kathleen S. Wright Associates Inc. bought a new position in Cisco Systems during the third quarter worth about $27,000. Valued Wealth Advisors LLC bought a new position in Cisco Systems during the fourth quarter worth about $32,000. Fortis Capital Advisors LLC bought a new position in Cisco Systems during the fourth quarter worth about $34,000. Morton Brown Family Wealth LLC boosted its position in Cisco Systems by 41.9% during the fourth quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 208 shares during the period. Finally, Bourgeon Capital Management LLC boosted its position in Cisco Systems by 3,500.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 700 shares during the period. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Price Performance

Shares of CSCO stock traded up $0.06 during trading hours on Wednesday, hitting $47.98. 5,212,673 shares of the company’s stock were exchanged, compared to its average volume of 19,450,691. The company has a market capitalization of $194.28 billion, a PE ratio of 14.52, a PEG ratio of 2.73 and a beta of 0.87. Cisco Systems, Inc. has a 12-month low of $45.56 and a 12-month high of $58.19. The business’s 50 day simple moving average is $49.18 and its 200-day simple moving average is $50.32. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.84 by $0.03. The firm had revenue of $12.79 billion for the quarter, compared to the consensus estimate of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The business’s revenue was down 5.9% compared to the same quarter last year. During the same period last year, the firm posted $0.76 earnings per share. On average, equities research analysts anticipate that Cisco Systems, Inc. will post 3.19 earnings per share for the current year.

Cisco Systems Increases Dividend

The company also recently announced 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 boost 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 3.33%. Cisco Systems’s dividend payout ratio (DPR) is currently 48.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Melius Research reiterated a “hold” rating and set a $55.00 target price on shares of Cisco Systems in a research report on Monday, January 8th. Piper Sandler increased their price target on shares of Cisco Systems from $47.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, March 20th. Citigroup initiated coverage on shares of Cisco Systems in a report on Friday, April 12th. They issued a “neutral” rating and a $52.00 price target on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, April 9th. Finally, Barclays increased their price target on shares of Cisco Systems from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $56.03.

Insider Transactions at Cisco Systems

In related news, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems 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 sale, the senior vice president now owns 58,121 shares in the company, valued at $2,906,050. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the firm’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 completion of the transaction, the executive vice president now owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Maria Victoria Wong sold 2,497 shares of the firm’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 of the company’s stock, valued at approximately $2,906,050. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,441 shares of company stock worth $972,080. Insiders own 0.02% of the company’s stock.

Cisco Systems 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.