Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by Jacobs & Co. CA

Jacobs & Co. CA lifted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 242,109 shares of the network equipment provider’s stock after purchasing an additional 3,636 shares during the quarter. Cisco Systems accounts for 1.4% of Jacobs & Co. CA’s portfolio, making the stock its 26th largest position. Jacobs & Co. CA’s holdings in Cisco Systems were worth $12,231,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. acquired a new stake in Cisco Systems during the 3rd quarter worth approximately $27,000. Valued Wealth Advisors LLC acquired a new stake in Cisco Systems during the 4th quarter worth approximately $32,000. Fortis Capital Advisors LLC acquired a new stake in Cisco Systems during the 4th quarter worth approximately $34,000. Hibernia Wealth Partners LLC acquired a new stake in Cisco Systems during the 3rd quarter worth approximately $42,000. Finally, VitalStone Financial LLC acquired a new stake in Cisco Systems during the 2nd quarter worth approximately $45,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CSCO has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Barclays increased their price objective on shares of Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Wells Fargo & Company initiated coverage on shares of Cisco Systems in a research report on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 price objective on the stock. Piper Sandler increased their price objective on shares of Cisco Systems from $47.00 to $51.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Finally, Melius downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cisco Systems has an average rating of “Hold” and an average target price of $56.42.

Insider Activity at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction dated 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 approximately $2,906,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were 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 in the company, valued at approximately $16,424,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were 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 of the company’s stock, valued at $2,906,050. The disclosure for this sale can be found here. Insiders sold 19,441 shares of company stock worth $972,080 over the last 90 days. Company insiders own 0.02% of the company’s stock.

Cisco Systems Stock Up 0.4 %

CSCO stock opened at $49.77 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.37. Cisco Systems, Inc. has a one year low of $45.56 and a one year high of $58.19. The company has a fifty day moving average of $49.78 and a 200-day moving average of $50.94. The stock has a market capitalization of $201.53 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 2.24 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.84 by $0.03. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The firm had revenue of $12.79 billion during the quarter, compared to analysts’ expectations of $12.71 billion. During the same quarter last year, the business earned $0.76 earnings per share. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, analysts expect that Cisco Systems, Inc. will post 3.16 EPS for the current year.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be paid a $0.40 dividend. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.60 annualized dividend and a dividend yield of 3.21%. Cisco Systems’s dividend payout ratio (DPR) is 47.42%.

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.