Bank Julius Baer & Co. Ltd Zurich Raises Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Bank Julius Baer & Co. Ltd Zurich increased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,778,542 shares of the network equipment provider’s stock after acquiring an additional 45,800 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Cisco Systems were worth $89,852,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Syon Capital LLC raised its position in Cisco Systems by 16.9% in the 4th quarter. Syon Capital LLC now owns 22,140 shares of the network equipment provider’s stock valued at $1,119,000 after purchasing an additional 3,205 shares in the last quarter. Two Point Capital Management Inc. lifted its holdings in Cisco Systems by 4.7% during the fourth quarter. Two Point Capital Management Inc. now owns 173,101 shares of the network equipment provider’s stock worth $8,745,000 after acquiring an additional 7,700 shares in the last quarter. Eley Financial Management Inc grew its position in shares of Cisco Systems by 1.2% in the fourth quarter. Eley Financial Management Inc now owns 43,841 shares of the network equipment provider’s stock valued at $2,215,000 after purchasing an additional 509 shares during the last quarter. Lyell Wealth Management LP boosted its holdings in Cisco Systems by 4.4% in the fourth quarter. Lyell Wealth Management LP now owns 25,460 shares of the network equipment provider’s stock valued at $1,286,000 after acquiring an additional 1,064 shares during the last quarter. Finally, Disciplined Equity Management Inc. bought a new position in Cisco Systems in the 4th quarter valued at $152,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Melius downgraded Cisco Systems from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Piper Sandler upped their price objective on Cisco Systems from $47.00 to $51.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. Morgan Stanley started coverage on Cisco Systems in a research report on Tuesday, April 9th. They set an “overweight” rating and a $58.00 target price on the stock. Citigroup initiated coverage on Cisco Systems in a report on Friday, April 12th. They issued a “neutral” rating and a $52.00 price target for the company. Finally, StockNews.com cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $55.53.

Insider Buying and Selling

In other news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction dated 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 owns 328,491 shares in the company, valued at approximately $16,424,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the completion of the sale, the executive vice president now owns 191,559 shares in the company, valued at approximately $9,579,865.59. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 transaction 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 $16,424,550. The disclosure for this sale can be found here. Insiders have sold a total of 19,441 shares of company stock worth $972,080 in the last three months. Insiders own 0.02% of the company’s stock.

Cisco Systems Stock Down 0.5 %

Shares of NASDAQ:CSCO traded down $0.25 during midday trading on Thursday, reaching $48.10. The company’s stock had a trading volume of 18,775,419 shares, compared to its average volume of 19,411,053. The firm has a 50 day moving average of $48.97 and a 200-day moving average of $50.12. 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 firm has a market capitalization of $194.77 billion, a P/E ratio of 14.56, a PEG ratio of 2.79 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 released its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $12.71 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, research analysts anticipate that Cisco Systems, Inc. will post 3.13 earnings per share for the current year.

Cisco Systems Increases Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 3.33%. The ex-dividend date was Wednesday, April 3rd. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio is 48.63%.

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.