First Community Trust NA Buys 279 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

First Community Trust NA increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,842 shares of the network equipment provider’s stock after acquiring an additional 279 shares during the period. First Community Trust NA’s holdings in Cisco Systems were worth $278,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Great West Life Assurance Co. Can bought a new position in Cisco Systems during the 3rd quarter valued at approximately $246,529,000. Vanguard Group Inc. raised its position in Cisco Systems by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 377,757,324 shares of the network equipment provider’s stock valued at $15,110,293,000 after purchasing an additional 5,586,273 shares during the last quarter. Renaissance Technologies LLC raised its position in Cisco Systems by 4,090.1% during the 2nd quarter. Renaissance Technologies LLC now owns 5,359,105 shares of the network equipment provider’s stock valued at $228,512,000 after purchasing an additional 5,231,205 shares during the last quarter. Federated Hermes Inc. raised its position in Cisco Systems by 3,370.0% during the 2nd quarter. Federated Hermes Inc. now owns 5,371,625 shares of the network equipment provider’s stock valued at $229,047,000 after purchasing an additional 5,216,825 shares during the last quarter. Finally, National Bank of Canada FI raised its position in Cisco Systems by 265.5% during the 3rd quarter. National Bank of Canada FI now owns 6,320,850 shares of the network equipment provider’s stock valued at $253,082,000 after purchasing an additional 4,591,715 shares during the last quarter. Institutional investors own 71.10% of the company’s stock.

Cisco Systems Stock Performance

Shares of CSCO opened at $50.19 on Friday. The business’s fifty day simple moving average is $48.59 and its two-hundred day simple moving average is $46.32. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 0.18. Cisco Systems, Inc. has a 12 month low of $38.60 and a 12 month high of $56.94. The company has a market cap of $205.57 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 2.26 and a beta of 1.00.

Cisco Systems (NASDAQ:CSCO – Get Rating) last released its quarterly earnings results on Wednesday, February 15th. The network equipment provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.12. The firm had revenue of $13.59 billion for the quarter, compared to analysts’ expectations of $13.41 billion. Cisco Systems had a return on equity of 31.19% and a net margin of 21.26%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. Research analysts anticipate that Cisco Systems, Inc. will post 3.34 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 5th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.11%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.38. The ex-dividend date is Tuesday, April 4th. Cisco Systems’s dividend payout ratio is presently 55.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CSCO shares. Piper Sandler upped their price target on Cisco Systems from $49.00 to $53.00 and gave the company a “neutral” rating in a research report on Thursday, February 16th. JPMorgan Chase & Co. increased their target price on Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, February 16th. Morgan Stanley increased their target price on Cisco Systems from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 16th. TheStreet raised Cisco Systems from a “c+” rating to a “b-” rating in a research report on Monday, November 28th. Finally, Credit Suisse Group increased their target price on Cisco Systems from $67.00 to $69.00 and gave the stock an “outperform” rating in a research report on Thursday, February 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $56.38.

Insider Activity

In other news, EVP Deborah L. Stahlkopf sold 3,142 shares of the stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $48.78, for a total transaction of $153,266.76. Following the transaction, the executive vice president now directly owns 180,697 shares of the company’s stock, valued at approximately $8,814,399.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,142 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $48.78, for a total transaction of $153,266.76. Following the sale, the executive vice president now directly owns 180,697 shares of the company’s stock, valued at $8,814,399.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Prat Bhatt sold 608 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $48.74, for a total value of $29,633.92. Following the sale, the senior vice president now directly owns 50,162 shares in the company, valued at $2,444,895.88. The disclosure for this sale can be found here. Insiders have sold 47,568 shares of company stock valued at $2,376,624 in the last ninety days. 0.02% of the stock is currently owned by company insiders.

Cisco Systems Profile

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Cisco Systems, Inc engages in the design, manufacture, and sale of Internet Protocol-based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its products include the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security.