Cozad Asset Management Inc. Has $1.14 Million Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Cozad Asset Management Inc. lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 6.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,486 shares of the network equipment provider’s stock after acquiring an additional 1,338 shares during the period. Cozad Asset Management Inc.’s holdings in Cisco Systems were worth $1,136,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CSCO. Townsend Asset Management Corp NC ADV acquired a new position in shares of Cisco Systems during the 3rd quarter valued at $202,000. Fulton Breakefield Broenniman LLC lifted its position in shares of Cisco Systems by 37.1% during the 3rd quarter. Fulton Breakefield Broenniman LLC now owns 15,420 shares of the network equipment provider’s stock valued at $829,000 after acquiring an additional 4,170 shares during the period. Bill Few Associates Inc. increased its stake in Cisco Systems by 2.8% during the 3rd quarter. Bill Few Associates Inc. now owns 13,947 shares of the network equipment provider’s stock valued at $750,000 after purchasing an additional 377 shares in the last quarter. Lodestone Wealth Management LLC increased its stake in Cisco Systems by 0.6% during the 3rd quarter. Lodestone Wealth Management LLC now owns 36,587 shares of the network equipment provider’s stock valued at $1,967,000 after purchasing an additional 205 shares in the last quarter. Finally, Brookstone Capital Management increased its stake in Cisco Systems by 29.9% during the 3rd quarter. Brookstone Capital Management now owns 41,196 shares of the network equipment provider’s stock valued at $2,197,000 after purchasing an additional 9,481 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

CSCO has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on shares of Cisco Systems in a research note on Tuesday, April 9th. They set an “overweight” rating and a $58.00 price target for the company. Wells Fargo & Company initiated coverage on shares of Cisco Systems in a research note on Thursday, February 15th. They set an “equal weight” rating and a $52.00 price target for the company. Piper Sandler boosted their price target 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. Citigroup assumed coverage on shares of Cisco Systems in a research note on Friday, April 12th. They set a “neutral” rating and a $52.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $55.53.

Cisco Systems Stock Down 1.7 %

CSCO stock opened at $46.98 on Wednesday. Cisco Systems, Inc. has a fifty-two week low of $45.56 and a fifty-two week high of $58.19. The stock has a fifty day moving average of $48.90 and a 200-day moving average of $49.92. The company has a market capitalization of $190.23 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 2.76 and a beta of 0.87. 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 (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The company had revenue of $12.79 billion for the quarter, compared to analysts’ expectations of $12.71 billion. During the same period in the prior year, the company posted $0.76 EPS. Cisco Systems’s revenue was down 5.9% compared to the same quarter last year. As a group, equities research analysts predict that Cisco Systems, Inc. will post 3.13 earnings per share for the current year.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Thursday, April 4th were issued a dividend of $0.40 per share. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date was Wednesday, April 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 3.41%. Cisco Systems’s dividend payout ratio is 48.63%.

Insider Buying and Selling at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were 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 of the company’s stock, valued at $9,579,865.59. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the transaction, the senior vice president now directly owns 58,121 shares in the company, valued at approximately $2,906,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total value of $150,130.02. Following the completion of the transaction, the executive vice president now owns 191,559 shares in the company, valued at $9,579,865.59. The disclosure for this sale can be found here. Insiders sold 19,441 shares of company stock valued at $972,080 in the last quarter. 0.02% of the stock is currently owned by corporate insiders.

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.