Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Consolidated Planning Corp

Consolidated Planning Corp lessened its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 113,179 shares of the network equipment provider’s stock after selling 3,403 shares during the quarter. Cisco Systems makes up 1.1% of Consolidated Planning Corp’s investment portfolio, making the stock its 26th largest holding. Consolidated Planning Corp’s holdings in Cisco Systems were worth $5,718,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Dohj LLC raised its holdings in shares of Cisco Systems by 20.6% in the 4th quarter. Dohj LLC now owns 9,430 shares of the network equipment provider’s stock valued at $476,000 after buying an additional 1,610 shares during the period. Alexander Randolph Advisory Inc. purchased a new stake in shares of Cisco Systems in the 4th quarter valued at $2,854,000. Delta Investment Management LLC raised its holdings in shares of Cisco Systems by 33.1% in the 4th quarter. Delta Investment Management LLC now owns 15,699 shares of the network equipment provider’s stock valued at $793,000 after buying an additional 3,902 shares during the period. Headlands Technologies LLC purchased a new stake in Cisco Systems during the 4th quarter worth about $543,000. Finally, Citizens Financial Group Inc. RI increased its holdings in Cisco Systems by 38.5% during the 4th quarter. Citizens Financial Group Inc. RI now owns 220,201 shares of the network equipment provider’s stock worth $11,125,000 after purchasing an additional 61,182 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Transactions at Cisco Systems

In other news, SVP Maria Victoria Wong sold 2,497 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 58,121 shares of the company’s stock, valued at approximately $2,906,050. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the transaction, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $124,850.00. Following the completion of the transaction, the senior vice president now directly owns 58,121 shares of the company’s stock, valued at $2,906,050. The disclosure for this sale can be found here. In the last three months, insiders sold 19,441 shares of company stock valued at $972,080. Corporate insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on CSCO. JPMorgan Chase & Co. began coverage on Cisco Systems in a report on Monday, April 22nd. They set a “neutral” rating and a $53.00 price target on the stock. Wells Fargo & Company assumed coverage on Cisco Systems in a research report on Thursday, February 15th. They set an “equal weight” rating and a $52.00 price objective for the company. Piper Sandler upped their price objective on Cisco Systems from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft upped their price objective on Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, April 9th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a research report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Cisco Systems currently has a consensus rating of “Hold” and an average target price of $55.53.

Cisco Systems Stock Performance

CSCO traded down $0.24 on Friday, hitting $47.86. 14,658,910 shares of the company traded hands, compared to its average volume of 16,851,638. The company has a 50 day moving average of $48.94 and a 200-day moving average of $50.06. 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 market capitalization of $193.79 billion, a PE ratio of 14.55, a PEG ratio of 2.78 and a beta of 0.87. Cisco Systems, Inc. has a 12-month low of $45.56 and a 12-month high of $58.19.

Cisco Systems (NASDAQ:CSCO) last posted 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. 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 EPS. Sell-side analysts anticipate that Cisco Systems, Inc. will post 3.13 earnings per share for the current year.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.34%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Wednesday, April 3rd. Cisco Systems’s dividend payout ratio is 48.63%.

Cisco Systems Company 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.