Howland Capital Management LLC Purchases 1,249 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Howland Capital Management LLC boosted its position in Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 8.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 16,861 shares of the network equipment provider’s stock after acquiring an additional 1,249 shares during the period. Howland Capital Management LLC’s holdings in Cisco Systems were worth $852,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. purchased a new position in Cisco Systems during the 3rd quarter valued at about $27,000. Valued Wealth Advisors LLC purchased a new position in shares of Cisco Systems during the fourth quarter worth about $32,000. Fortis Capital Advisors LLC purchased a new stake in Cisco Systems in the fourth quarter worth approximately $34,000. Hibernia Wealth Partners LLC purchased a new stake in Cisco Systems in the third quarter worth approximately $42,000. Finally, VitalStone Financial LLC purchased a new stake in Cisco Systems in the second quarter worth approximately $45,000. 73.33% of the stock is currently owned by institutional investors.

Insider Activity at Cisco Systems

In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the completion of the sale, 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 filing with the SEC, which is available at the SEC website. In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total transaction of $124,850.00. Following the completion of the sale, 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 filing with the SEC, which is available at the SEC website. Also, CFO Richard Scott Herren sold 13,942 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the sale, the chief financial officer now owns 328,491 shares of the company’s stock, valued at $16,424,550. The disclosure for this sale can be found here. Insiders have sold 19,441 shares of company stock valued at $972,080 over the last ninety days. Insiders own 0.02% of the company’s stock.

Cisco Systems Stock Up 0.0 %

Shares of NASDAQ CSCO traded up $0.02 during trading on Wednesday, reaching $48.98. The company had a trading volume of 2,158,351 shares, compared to its average volume of 19,517,162. Cisco Systems, Inc. has a 12-month low of $45.56 and a 12-month high of $58.19. The stock has a market cap of $198.33 billion, a PE ratio of 15.00, a P/E/G ratio of 2.27 and a beta of 0.87. The business’s 50-day moving average is $49.65 and its 200 day moving average is $50.71. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14.

Cisco Systems (NASDAQ:CSCOGet Free Report) last released 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 return on equity of 33.01% and a net margin of 23.49%. The company had revenue of $12.79 billion for the quarter, compared to analysts’ expectations of $12.71 billion. During the same period last year, the firm posted $0.76 earnings per share. Cisco Systems’s revenue was down 5.9% compared to the same quarter last year. As a group, equities analysts forecast that Cisco Systems, Inc. will post 3.16 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 3.27%. Cisco Systems’s dividend payout ratio (DPR) is 47.42%.

Analyst Ratings Changes

Several brokerages have weighed in on CSCO. UBS Group boosted their price objective on Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. StockNews.com downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Wells Fargo & Company began coverage on Cisco Systems in a research report on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 price objective for the company. Barclays boosted their price objective on Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Finally, Piper Sandler upped their target price on Cisco Systems from $47.00 to $51.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.42.

View Our Latest Stock Report on CSCO

About Cisco Systems

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.