Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by Custos Family Office LLC

Custos Family Office LLC grew its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 11.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,081 shares of the network equipment provider’s stock after purchasing an additional 417 shares during the period. Custos Family Office LLC’s holdings in Cisco Systems were worth $252,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CSCO. Navigoe LLC purchased a new stake in shares of Cisco Systems in the fourth quarter worth about $26,000. Mpwm Advisory Solutions LLC purchased a new position in Cisco Systems during the fourth quarter worth approximately $26,000. JDM Financial Group LLC boosted its position in Cisco Systems by 160.4% during the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider’s stock worth $29,000 after purchasing an additional 300 shares in the last quarter. Runnymede Capital Advisors Inc. purchased a new position in Cisco Systems during the fourth quarter worth approximately $30,000. Finally, Campbell Capital Management Inc. purchased a new position in Cisco Systems during the fourth quarter worth approximately $31,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CSCO shares. KeyCorp started coverage on Cisco Systems in a research report on Thursday. They set an “overweight” rating and a $77.00 price target on the stock. New Street Research reiterated a “neutral” rating and set a $70.00 price target on shares of Cisco Systems in a research report on Friday, May 16th. Morgan Stanley reiterated a “hold” rating on shares of Cisco Systems in a research report on Wednesday, May 21st. JPMorgan Chase & Co. raised their target price on Cisco Systems from $70.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, May 15th. Finally, Piper Sandler raised their target price on Cisco Systems from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, May 15th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.53.

Insider Transactions at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 8,726 shares of the business’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $65.54, for a total value of $571,902.04. Following the transaction, the executive vice president now owns 174,669 shares in the company, valued at $11,447,806.26. The trade was a 4.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Richard Scott Herren sold 15,678 shares of the business’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $65.52, for a total value of $1,027,222.56. Following the completion of the transaction, the chief financial officer now owns 309,543 shares in the company, valued at $20,281,257.36. This trade represents a 4.82% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,335 shares of company stock worth $6,271,054. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Price Performance

CSCO stock opened at $68.65 on Monday. The stock has a market cap of $271.85 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 4.11 and a beta of 0.88. The business has a fifty day moving average of $62.57 and a two-hundred day moving average of $61.12. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $69.22. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.50.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $14.15 billion during the quarter, compared to analyst estimates of $14.05 billion. Cisco Systems had a return on equity of 26.48% and a net margin of 17.60%. Cisco Systems’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business posted $0.88 earnings per share. As a group, research analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, July 3rd. Cisco Systems’s dividend payout ratio (DPR) is currently 66.94%.

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.