Cisco Systems, Inc. (NASDAQ:CSCO) Shares Acquired by Jacobs & Co. CA

Jacobs & Co. CA lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 242,109 shares of the network equipment provider’s stock after purchasing an additional 3,636 shares during the quarter. Cisco Systems comprises about 1.4% of Jacobs & Co. CA’s investment portfolio, making the stock its 26th largest position. Jacobs & Co. CA’s holdings in Cisco Systems were worth $12,231,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Cisco Systems by 1.7% in the 2nd quarter. BlackRock Inc. now owns 347,569,395 shares of the network equipment provider’s stock worth $17,983,240,000 after buying an additional 5,924,553 shares in the last quarter. State Street Corp boosted its position in shares of Cisco Systems by 1.4% in the 2nd quarter. State Street Corp now owns 187,505,879 shares of the network equipment provider’s stock worth $9,701,554,000 after buying an additional 2,626,429 shares in the last quarter. Morgan Stanley lifted its holdings in Cisco Systems by 17.4% in the 4th quarter. Morgan Stanley now owns 61,788,267 shares of the network equipment provider’s stock valued at $2,943,593,000 after purchasing an additional 9,160,347 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Cisco Systems by 112,307.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 59,519,500 shares of the network equipment provider’s stock valued at $2,835,509,000 after purchasing an additional 59,466,550 shares in the last quarter. Finally, FMR LLC lifted its holdings in Cisco Systems by 3.2% in the 3rd quarter. FMR LLC now owns 57,102,221 shares of the network equipment provider’s stock valued at $3,069,815,000 after purchasing an additional 1,790,717 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. UBS Group upped their price objective on shares of Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. StockNews.com downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Piper Sandler increased their target price on Cisco Systems from $47.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. Melius cut Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Wells Fargo & Company assumed coverage on Cisco Systems in a research note on Thursday, February 15th. They set an “equal weight” rating and a $52.00 price objective on the stock. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $56.42.

Cisco Systems Stock Up 0.4 %

Shares of Cisco Systems stock opened at $49.77 on Thursday. The firm has a market cap of $201.53 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 2.24 and a beta of 0.87. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26. Cisco Systems, Inc. has a 52-week low of $45.56 and a 52-week high of $58.19. The stock has a 50-day simple moving average of $49.78 and a 200-day simple moving average of $50.94.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The business had revenue of $12.79 billion for the quarter, compared to the consensus estimate of $12.71 billion. During the same period last year, the business earned $0.76 EPS. The firm’s revenue was down 5.9% compared to the same quarter last year. On average, equities research analysts expect that Cisco Systems, Inc. will post 3.16 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.21%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, April 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 47.42%.

Insider Activity at Cisco Systems

In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of Cisco Systems 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 transaction, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the sale, the executive vice president now directly owns 191,559 shares in the company, valued at $9,579,865.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Richard Scott Herren sold 13,942 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the sale, the chief financial officer now owns 328,491 shares in the company, valued at $16,424,550. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,441 shares of company stock valued at $972,080. Corporate insiders own 0.02% of the company’s stock.

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.