Charles Schwab Investment Management Inc. Raises Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Charles Schwab Investment Management Inc. grew its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 9.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 73,439,747 shares of the network equipment provider’s stock after purchasing an additional 6,345,954 shares during the quarter. Cisco Systems makes up 0.9% of Charles Schwab Investment Management Inc.’s investment portfolio, making the stock its 14th biggest position. Charles Schwab Investment Management Inc.’s holdings in Cisco Systems were worth $3,672,445,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CSCO. Valued Wealth Advisors LLC purchased a new position in Cisco Systems during the fourth quarter valued at approximately $32,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Cisco Systems during the 4th quarter worth $33,000. 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 valued at $36,000 after purchasing an additional 208 shares in the last quarter. Bourgeon Capital Management LLC raised its holdings in Cisco Systems by 3,500.0% in 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 in the last quarter. Finally, Rakuten Securities Inc. purchased a new stake in shares of Cisco Systems during the fourth quarter valued at about $43,000. Institutional investors own 73.33% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CSCO. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, April 9th. Piper Sandler increased their price objective on Cisco Systems from $47.00 to $51.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. UBS Group boosted their target price on Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research report on Tuesday, April 9th. Finally, Barclays raised 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 investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Cisco Systems has an average rating of “Hold” and a consensus target price of $55.53.

Insider Buying and Selling

In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the firm’s 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 sale, the executive vice president now directly owns 191,559 shares in the company, valued at $9,579,865.59. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Richard Scott Herren sold 13,942 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total value 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,441 shares of company stock worth $972,080. 0.02% of the stock is owned by corporate insiders.

Cisco Systems Price Performance

NASDAQ CSCO traded up $0.76 during trading hours on Wednesday, reaching $48.04. The company’s stock had a trading volume of 5,783,984 shares, compared to its average volume of 18,914,430. The firm has a market capitalization of $194.52 billion, a price-to-earnings ratio of 14.37, a P/E/G ratio of 2.72 and a beta of 0.87. Cisco Systems, Inc. has a 1-year low of $45.70 and a 1-year high of $58.19. The company’s 50-day moving average is $48.75 and its two-hundred day moving average is $49.69. 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 (NASDAQ:CSCO) last issued 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 company had revenue of $12.79 billion during 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 firm’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. On average, equities analysts predict that Cisco Systems, Inc. will post 3.13 EPS for the current year.

Cisco Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.33%. Cisco Systems’s payout ratio is currently 48.63%.

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.