AXS Investments LLC Has $1.43 Million Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

AXS Investments LLC lifted its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 16.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,263 shares of the network equipment provider’s stock after buying an additional 4,012 shares during the quarter. AXS Investments LLC’s holdings in Cisco Systems were worth $1,428,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Cisco Systems in the fourth quarter valued at approximately $2,528,939,000. Charles Schwab Investment Management Inc. lifted its position in Cisco Systems by 9.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 73,439,747 shares of the network equipment provider’s stock worth $3,672,445,000 after acquiring an additional 6,345,954 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Cisco Systems by 29.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,727,214 shares of the network equipment provider’s stock worth $895,576,000 after acquiring an additional 3,989,543 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Cisco Systems by 25.0% in the fourth quarter. California Public Employees Retirement System now owns 18,750,237 shares of the network equipment provider’s stock valued at $947,262,000 after purchasing an additional 3,753,165 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Cisco Systems in the third quarter worth about $179,207,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO remained flat at $46.60 during trading on Friday. The stock had a trading volume of 5,534,226 shares, compared to its average volume of 19,292,811. The company has a market capitalization of $187.74 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 2.76 and a beta of 0.87. The business’s 50 day moving average price is $48.45 and its 200 day moving average price is $49.37. Cisco Systems, Inc. has a 1 year low of $46.20 and a 1 year high of $58.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.89 and a quick ratio of 0.82.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.18. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The business had revenue of $12.70 billion for the quarter, compared to analyst estimates of $12.53 billion. During the same quarter last year, the business posted $0.88 EPS. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. As a group, research analysts anticipate that Cisco Systems, Inc. will post 3.13 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Friday, July 5th will be paid a $0.40 dividend. The ex-dividend date is Friday, July 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.43%. Cisco Systems’s payout ratio is currently 53.87%.

Insider Buying and Selling

In other news, 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 transaction of $124,850.00. Following the completion of the transaction, the senior vice president now directly owns 58,121 shares in the company, valued at $2,906,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 8,016 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $48.24, for a total value of $386,691.84. Following the completion of the transaction, the executive vice president now directly owns 180,705 shares in the company, valued at approximately $8,717,209.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems 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 transaction, the senior vice president now owns 58,121 shares in the company, valued at approximately $2,906,050. The disclosure for this sale can be found here. Insiders sold a total of 27,457 shares of company stock worth $1,358,772 in the last three months. 0.02% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Bank of America raised Cisco Systems from a “neutral” rating to a “buy” rating and raised their target price for the company from $55.00 to $60.00 in a report on Monday, April 15th. Citigroup started coverage on shares of Cisco Systems in a research report on Friday, April 12th. They set a “neutral” rating and a $52.00 target price on the stock. BNP Paribas upgraded shares of Cisco Systems from an “underperform” rating to a “neutral” rating and set a $50.00 price target on the stock in a research report on Monday, May 13th. Piper Sandler reaffirmed a “neutral” rating and set a $52.00 price objective (up previously from $51.00) on shares of Cisco Systems in a research report on Thursday, May 16th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cisco Systems currently has an average rating of “Hold” and a consensus target price of $56.47.

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.