Nordwand Advisors LLC lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 14,457.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 112,095 shares of the network equipment provider’s stock after acquiring an additional 111,325 shares during the period. Cisco Systems accounts for about 1.2% of Nordwand Advisors LLC’s portfolio, making the stock its 20th largest position. Nordwand Advisors LLC’s holdings in Cisco Systems were worth $7,777,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Cisco Systems in the 2nd quarter valued at about $904,542,000. Goldman Sachs Group Inc. raised its stake in Cisco Systems by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider’s stock worth $2,898,722,000 after buying an additional 12,775,066 shares during the period. Nuveen LLC bought a new position in Cisco Systems in the first quarter worth approximately $750,495,000. Pacer Advisors Inc. grew its stake in Cisco Systems by 1,144.2% in the first quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider’s stock valued at $501,140,000 after acquiring an additional 7,468,212 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in shares of Cisco Systems by 255.9% during the first quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock valued at $482,509,000 after acquiring an additional 5,622,672 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.
Cisco Systems Price Performance
Shares of NASDAQ:CSCO opened at $77.78 on Tuesday. The company has a market capitalization of $306.51 billion, a P/E ratio of 29.69, a price-to-earnings-growth ratio of 3.00 and a beta of 0.95. The company’s 50-day moving average is $70.08 and its 200 day moving average is $67.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $79.50.
Cisco Systems Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be paid a $0.41 dividend. The ex-dividend date is Friday, January 2nd. This represents a $1.64 annualized dividend and a yield of 2.1%. Cisco Systems’s dividend payout ratio is presently 61.65%.
Wall Street Analyst Weigh In
CSCO has been the subject of several research reports. Argus lifted their price target on shares of Cisco Systems from $80.00 to $100.00 in a research report on Thursday, November 13th. Piper Sandler raised their price objective on shares of Cisco Systems from $70.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. Evercore ISI boosted their target price on shares of Cisco Systems from $74.00 to $80.00 and gave the stock an “in-line” rating in a research report on Thursday, November 13th. Barclays raised their price target on shares of Cisco Systems from $71.00 to $76.00 and gave the company an “equal weight” rating in a research report on Thursday, November 13th. Finally, Melius Research boosted their price objective on Cisco Systems from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.05.
Check Out Our Latest Research Report on CSCO
Insider Transactions at Cisco Systems
In other Cisco Systems news, SVP Maria Victoria Wong sold 3,162 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $67.28, for a total value of $212,739.36. Following the completion of the sale, the senior vice president directly owned 31,468 shares of the company’s stock, valued at $2,117,167.04. This trade represents a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the sale, the executive vice president owned 157,184 shares in the company, valued at approximately $10,701,086.72. The trade was a 1.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,089 shares of company stock valued at $2,236,383 in the last three months. 0.01% of the stock is currently owned by company insiders.
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.
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