Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 401,949 shares of the network equipment provider’s stock after selling 34,340 shares during the period. Cisco Systems accounts for approximately 1.3% of Bryn Mawr Capital Management LLC’s holdings, making the stock its 15th biggest position. Bryn Mawr Capital Management LLC’s holdings in Cisco Systems were worth $20,307,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Alhambra Investment Partners LLC lifted its stake in Cisco Systems by 6.1% during the third quarter. Alhambra Investment Partners LLC now owns 28,353 shares of the network equipment provider’s stock valued at $1,524,000 after purchasing an additional 1,618 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in Cisco Systems by 15.1% during the third quarter. SJS Investment Consulting Inc. now owns 4,309 shares of the network equipment provider’s stock valued at $232,000 after purchasing an additional 565 shares during the last quarter. GHP Investment Advisors Inc. lifted its position in shares of Cisco Systems by 0.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 162,804 shares of the network equipment provider’s stock valued at $8,754,000 after acquiring an additional 794 shares in the last quarter. Ellenbecker Investment Group purchased a new stake in shares of Cisco Systems in the 3rd quarter valued at approximately $246,000. Finally, Rheos Capital Works Inc. lifted its position in shares of Cisco Systems by 162.4% in the 3rd quarter. Rheos Capital Works Inc. now owns 196,300 shares of the network equipment provider’s stock valued at $10,553,000 after acquiring an additional 121,500 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cisco Systems

In other news, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the completion of the transaction, the senior vice president now directly owns 58,121 shares of the company’s stock, valued at approximately $2,906,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of Cisco Systems stock in a transaction dated Wednesday, March 13th. The shares were 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 directly owns 191,559 shares of the company’s stock, valued at approximately $9,579,865.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the transaction, the senior vice president now directly owns 58,121 shares of the company’s stock, valued at $2,906,050. The disclosure for this sale can be found here. In the last three months, insiders sold 19,441 shares of company stock valued at $972,080. Company insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CSCO. Morgan Stanley began coverage on shares of Cisco Systems in a research report on Tuesday, April 9th. They issued an “overweight” rating and a $58.00 price target for the company. Wells Fargo & Company began coverage on shares of Cisco Systems in a research report on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 price target for the company. JPMorgan Chase & Co. began coverage on shares of Cisco Systems in a research report on Monday, April 22nd. They issued a “neutral” rating and a $53.00 price target for the company. Piper Sandler increased their target price on shares of Cisco Systems from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $55.53.

Cisco Systems Price Performance

Shares of Cisco Systems stock opened at $47.86 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26. Cisco Systems, Inc. has a fifty-two week low of $45.56 and a fifty-two week high of $58.19. The firm has a fifty day moving average price of $48.94 and a two-hundred day moving average price of $50.06. The company has a market cap of $193.79 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 2.78 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last released 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 during 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 firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.76 EPS. Analysts expect that Cisco Systems, Inc. will post 3.13 EPS for the current year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.34%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date was Wednesday, April 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 48.63%.

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.