First National Bank & Trust Co. of Newtown Has $348,000 Position in Cisco Systems, Inc. (NASDAQ:CSCO)

First National Bank & Trust Co. of Newtown increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 6.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,536 shares of the network equipment provider’s stock after buying an additional 383 shares during the quarter. First National Bank & Trust Co. of Newtown’s holdings in Cisco Systems were worth $348,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Winthrop Advisory Group LLC grew its holdings in Cisco Systems by 7.2% in the 3rd quarter. Winthrop Advisory Group LLC now owns 8,710 shares of the network equipment provider’s stock valued at $464,000 after buying an additional 583 shares in the last quarter. Verity Asset Management Inc. bought a new stake in Cisco Systems during the third quarter worth $512,000. Lewis Asset Management LLC lifted its holdings in shares of Cisco Systems by 23.2% in the third quarter. Lewis Asset Management LLC now owns 6,408 shares of the network equipment provider’s stock worth $341,000 after acquiring an additional 1,205 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. increased its holdings in shares of Cisco Systems by 2.5% during the third quarter. Beacon Harbor Wealth Advisors Inc. now owns 126,334 shares of the network equipment provider’s stock worth $6,724,000 after buying an additional 3,034 shares in the last quarter. Finally, Portside Wealth Group LLC raised its position in Cisco Systems by 11.1% in the third quarter. Portside Wealth Group LLC now owns 89,637 shares of the network equipment provider’s stock valued at $4,771,000 after purchasing an additional 8,967 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Stock Up 0.4 %

NASDAQ CSCO opened at $58.08 on Friday. The stock has a market cap of $231.78 billion, a PE ratio of 22.87, a P/E/G ratio of 4.63 and a beta of 0.83. The stock’s 50 day moving average is $53.00 and its 200 day moving average is $49.27. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $58.30. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Cisco Systems had a return on equity of 27.83% and a net margin of 19.18%. The firm had revenue of $13.64 billion during the quarter, compared to analyst estimates of $13.53 billion. During the same quarter last year, the business posted $1.01 earnings per share. The business’s quarterly revenue was down 10.3% compared to the same quarter last year. Research analysts predict that Cisco Systems, Inc. will post 2.89 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.75%. Cisco Systems’s dividend payout ratio (DPR) is presently 62.99%.

Insider Buying and Selling at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 1,328 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $48.92, for a total value of $64,965.76. Following the transaction, the executive vice president now directly owns 132,910 shares in the company, valued at approximately $6,501,957.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Charles Robbins sold 27,143 shares of Cisco Systems stock in a transaction on Friday, August 16th. The shares were sold at an average price of $49.45, for a total transaction of $1,342,221.35. Following the completion of the sale, the chief executive officer now directly owns 683,403 shares in the company, valued at approximately $33,794,278.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Thimaya K. Subaiya sold 1,328 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $48.92, for a total transaction of $64,965.76. Following the transaction, the executive vice president now directly owns 132,910 shares of the company’s stock, valued at $6,501,957.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 70,529 shares of company stock worth $3,509,049 over the last 90 days. Company insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

CSCO has been the topic of a number of analyst reports. Evercore ISI upped their price objective on shares of Cisco Systems from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. StockNews.com downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research note on Tuesday. Piper Sandler reaffirmed a “neutral” rating and issued a $52.00 target price on shares of Cisco Systems in a report on Thursday, August 15th. New Street Research upgraded Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. lifted their price target on Cisco Systems from $53.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday, August 8th. Despite investors’ hopes for a rebound in Networking Equipment demand to boost Cisco’s fourth-quarter 2024 performance, the anticipation is tempered by limited indications of a significant recovery in demand. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $56.74.

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.