Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. decreased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 187,819 shares of the network equipment provider’s stock after selling 6,054 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Cisco Systems were worth $9,374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Householder Group Estate & Retirement Specialist LLC increased its position in Cisco Systems by 12.6% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,525 shares of the network equipment provider’s stock worth $228,000 after purchasing an additional 507 shares in the last quarter. Camelot Portfolios LLC acquired a new stake in Cisco Systems during the 4th quarter worth approximately $271,000. Advisory Alpha LLC increased its position in Cisco Systems by 22.7% during the 4th quarter. Advisory Alpha LLC now owns 9,304 shares of the network equipment provider’s stock worth $470,000 after purchasing an additional 1,722 shares in the last quarter. Walkner Condon Financial Advisors LLC increased its position in Cisco Systems by 9.4% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 6,373 shares of the network equipment provider’s stock worth $322,000 after purchasing an additional 547 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. increased its position in Cisco Systems by 5.5% during the 4th quarter. Comprehensive Financial Consultants Institutional Inc. now owns 63,799 shares of the network equipment provider’s stock worth $3,223,000 after purchasing an additional 3,338 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

CSCO has been the subject of a number of analyst reports. Bank of America upgraded Cisco Systems from a “neutral” rating to a “buy” rating and upped their price target for the stock from $55.00 to $60.00 in a report on Monday, April 15th. Citigroup began coverage on Cisco Systems in a report on Friday, April 12th. They issued a “neutral” rating and a $52.00 price target for the company. Wells Fargo & Company increased their target price on Cisco Systems from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 16th. Piper Sandler reissued a “neutral” rating and set a $52.00 price target on shares of Cisco Systems in a report on Wednesday, June 5th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a research note on Monday, June 10th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $56.47.

Insider Activity at Cisco Systems

In other news, CEO Charles Robbins sold 26,331 shares of Cisco Systems stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $46.10, for a total value of $1,213,859.10. Following the completion of the transaction, the chief executive officer now directly owns 725,363 shares of the company’s stock, valued at approximately $33,439,234.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Charles Robbins sold 26,331 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $46.10, for a total transaction of $1,213,859.10. Following the transaction, the chief executive officer now directly owns 725,363 shares of the company’s stock, valued at approximately $33,439,234.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 762 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $45.42, for a total value of $34,610.04. Following the transaction, the senior vice president now directly owns 51,788 shares in the company, valued at $2,352,210.96. The disclosure for this sale can be found here. Insiders have sold a total of 41,106 shares of company stock valued at $1,908,923 in the last 90 days. 0.02% of the stock is owned by corporate insiders.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO traded down $0.73 during trading hours on Friday, reaching $46.66. 24,000,150 shares of the stock were exchanged, compared to its average volume of 18,794,710. The firm has a market capitalization of $187.98 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 2.97 and a beta of 0.85. Cisco Systems, Inc. has a 52 week low of $44.95 and a 52 week high of $58.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.89. The stock’s fifty day simple moving average is $46.81 and its 200 day simple moving average is $48.27.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.18. The business had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $12.53 billion. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. The firm’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 earnings per share. Sell-side analysts predict that Cisco Systems, Inc. will post 3.14 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Shareholders of record on Friday, July 5th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date was Friday, July 5th. Cisco Systems’s dividend payout ratio is presently 53.87%.

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.