West Oak Capital LLC Cuts Position in Cisco Systems, Inc. (NASDAQ:CSCO)

West Oak Capital LLC reduced its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,467 shares of the network equipment provider’s stock after selling 1,180 shares during the quarter. West Oak Capital LLC’s holdings in Cisco Systems were worth $1,785,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. First National Corp MA ADV lifted its holdings in shares of Cisco Systems by 9.0% during the 4th quarter. First National Corp MA ADV now owns 12,858 shares of the network equipment provider’s stock valued at $650,000 after acquiring an additional 1,057 shares in the last quarter. Planned Solutions Inc. purchased a new position in Cisco Systems in the fourth quarter valued at about $289,000. Jacobs & Co. CA lifted its stake in shares of Cisco Systems by 1.5% during the fourth quarter. Jacobs & Co. CA now owns 242,109 shares of the network equipment provider’s stock worth $12,231,000 after purchasing an additional 3,636 shares in the last quarter. Courier Capital LLC boosted its position in shares of Cisco Systems by 8.2% in the fourth quarter. Courier Capital LLC now owns 148,611 shares of the network equipment provider’s stock worth $7,508,000 after buying an additional 11,239 shares during the period. Finally, IFG Advisory LLC grew its stake in shares of Cisco Systems by 1.6% in the fourth quarter. IFG Advisory LLC now owns 74,873 shares of the network equipment provider’s stock valued at $3,783,000 after buying an additional 1,189 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the completion of the transaction, the executive vice president now owns 191,559 shares in the company, valued at approximately $9,579,865.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction of $150,130.02. Following the sale, the executive vice president now directly owns 191,559 shares in the company, valued at approximately $9,579,865.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction that occurred 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 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 have sold a total of 19,441 shares of company stock worth $972,080 in the last three months. 0.02% of the stock is owned by company insiders.

Cisco Systems Stock Performance

CSCO stock traded up $0.34 during midday trading on Thursday, reaching $50.11. The company had a trading volume of 3,062,762 shares, compared to its average volume of 19,679,523. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average price of $49.78 and a 200 day moving average price of $50.94. The firm has a market capitalization of $202.90 billion, a PE ratio of 15.14, a P/E/G ratio of 2.24 and a beta of 0.87. Cisco Systems, Inc. has a fifty-two week low of $45.56 and a fifty-two week high of $58.19.

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

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, April 3rd. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 3.19%. Cisco Systems’s payout ratio is currently 47.42%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CSCO shares. Melius Research reissued a “hold” rating and set a $55.00 price target on shares of Cisco Systems in a research report on Monday, January 8th. Piper Sandler upped their target price on shares of Cisco Systems from $47.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. StockNews.com downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Melius cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Wells Fargo & Company initiated coverage on Cisco Systems in a research report on Thursday, February 15th. They set an “equal weight” rating and a $52.00 target price on the stock. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cisco Systems has an average rating of “Hold” and an average target price of $56.42.

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.