Howland Capital Management LLC Grows Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Howland Capital Management LLC raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 8.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,861 shares of the network equipment provider’s stock after acquiring an additional 1,249 shares during the quarter. Howland Capital Management LLC’s holdings in Cisco Systems were worth $852,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Venturi Wealth Management LLC raised its stake in Cisco Systems by 4.5% in the fourth quarter. Venturi Wealth Management LLC now owns 199,741 shares of the network equipment provider’s stock valued at $10,091,000 after buying an additional 8,623 shares during the last quarter. Integrated Investment Consultants LLC raised its stake in Cisco Systems by 3.3% in the fourth quarter. Integrated Investment Consultants LLC now owns 15,032 shares of the network equipment provider’s stock valued at $759,000 after buying an additional 480 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC raised its stake in Cisco Systems by 12.6% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,525 shares of the network equipment provider’s stock valued at $228,000 after buying an additional 507 shares during the last quarter. UMB Bank n.a. raised its stake in Cisco Systems by 11.0% in the fourth quarter. UMB Bank n.a. now owns 323,198 shares of the network equipment provider’s stock valued at $16,328,000 after buying an additional 31,905 shares during the last quarter. Finally, Independence Bank of Kentucky raised its stake in Cisco Systems by 6.9% in the fourth quarter. Independence Bank of Kentucky now owns 11,387 shares of the network equipment provider’s stock valued at $575,000 after buying an additional 738 shares during the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CSCO has been the topic of a number of research reports. Wells Fargo & Company initiated coverage on Cisco Systems in a report on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 price objective on the stock. Piper Sandler increased 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. Melius lowered Cisco Systems from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Melius Research reissued a “hold” rating and issued a $55.00 price objective on shares of Cisco Systems in a report on Monday, January 8th. Finally, Barclays increased their price objective on Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $56.42.

Check Out Our Latest Research Report on CSCO

Cisco Systems Price Performance

Shares of NASDAQ CSCO traded up $0.02 during midday trading on Wednesday, hitting $48.98. The stock had a trading volume of 2,158,351 shares, compared to its average volume of 19,517,162. Cisco Systems, Inc. has a 1 year low of $45.56 and a 1 year high of $58.19. The company has a market capitalization of $198.33 billion, a PE ratio of 15.00, a P/E/G ratio of 2.27 and a beta of 0.87. 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 50 day simple moving average of $49.65 and a 200-day simple moving average of $50.71.

Cisco Systems (NASDAQ:CSCOGet Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, topping 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 firm had revenue of $12.79 billion for the quarter, compared to the consensus estimate of $12.71 billion. During the same quarter last year, the business posted $0.76 earnings per share. The firm’s revenue was down 5.9% compared to the same quarter last year. On average, sell-side analysts expect that Cisco Systems, Inc. will post 3.16 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th will be paid a dividend of $0.40 per share. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.60 annualized dividend and a yield of 3.27%. Cisco Systems’s dividend payout ratio (DPR) is 47.42%.

Insiders Place Their Bets

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Deborah L. Stahlkopf sold 3,002 shares of Cisco Systems stock in a transaction on Wednesday, March 13th. The stock was 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 directly owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard Scott Herren sold 13,942 shares of Cisco Systems stock in a transaction 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 completion of the sale, 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 sold a total of 19,441 shares of company stock valued at $972,080 over the last quarter. 0.02% of the stock is owned by insiders.

Cisco Systems Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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