BluePath Capital Management LLC Has $1.32 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

BluePath Capital Management LLC boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 13.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 22,449 shares of the network equipment provider’s stock after buying an additional 2,636 shares during the period. Cisco Systems makes up 0.7% of BluePath Capital Management LLC’s portfolio, making the stock its 28th largest holding. BluePath Capital Management LLC’s holdings in Cisco Systems were worth $1,319,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CSCO. Pinnacle Bancorp Inc. increased its stake in Cisco Systems by 5.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 17,357 shares of the network equipment provider’s stock valued at $1,028,000 after acquiring an additional 909 shares during the last quarter. Redhawk Wealth Advisors Inc. bought a new position in Cisco Systems in the fourth quarter valued at about $209,000. Websterrogers Financial Advisors LLC bought a new stake in shares of Cisco Systems during the fourth quarter worth about $259,000. Wolff Wiese Magana LLC grew its holdings in Cisco Systems by 0.8% during the 4th quarter. Wolff Wiese Magana LLC now owns 43,199 shares of the network equipment provider’s stock worth $2,557,000 after acquiring an additional 339 shares during the last quarter. Finally, Apella Capital LLC increased its holdings in Cisco Systems by 6.8% in the fourth quarter. Apella Capital LLC now owns 11,952 shares of the network equipment provider’s stock valued at $708,000 after purchasing an additional 758 shares during the period. 73.33% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Charles Robbins sold 171,744 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $9,873,562.56. Following the completion of the transaction, the chief executive officer now directly owns 783,786 shares of the company’s stock, valued at $45,059,857.14. This represents a 17.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Richard Scott Herren sold 86,351 shares of Cisco Systems stock in a transaction on Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $4,964,318.99. Following the sale, the chief financial officer now owns 365,314 shares in the company, valued at $21,001,901.86. This trade represents a 19.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 353,522 shares of company stock worth $20,349,721 over the last quarter. Insiders own 0.01% of the company’s stock.

Cisco Systems Stock Up 1.1 %

Cisco Systems stock opened at $59.98 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The firm’s fifty day moving average price is $58.79 and its two-hundred day moving average price is $53.34. The firm has a market capitalization of $238.89 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 4.37 and a beta of 0.85. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $60.34.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $13.84 billion during the quarter, compared to the consensus estimate of $13.78 billion. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. On average, equities research analysts predict that Cisco Systems, Inc. will post 2.97 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.67%. Cisco Systems’s payout ratio is 68.67%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CSCO. Tigress Financial lifted their price objective on Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. StockNews.com raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Citigroup lifted their target price on shares of Cisco Systems from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Piper Sandler upped their price target on shares of Cisco Systems from $52.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. raised Cisco Systems from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $55.00 to $66.00 in a research report on Monday, November 11th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.28.

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.