Parkside Financial Bank & Trust Has $1.56 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Parkside Financial Bank & Trust lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 30,851 shares of the network equipment provider’s stock after buying an additional 1,679 shares during the period. Parkside Financial Bank & Trust’s holdings in Cisco Systems were worth $1,559,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. acquired a new stake in Cisco Systems in the third quarter valued at approximately $27,000. Valued Wealth Advisors LLC bought a new position in shares of Cisco Systems during the fourth quarter worth about $32,000. Morton Brown Family Wealth LLC boosted its position in Cisco Systems by 41.9% during the fourth quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock valued at $36,000 after acquiring an additional 208 shares during the last quarter. Bourgeon Capital Management LLC raised its position in shares of Cisco Systems by 3,500.0% in the 4th quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock worth $36,000 after acquiring an additional 700 shares in the last quarter. Finally, Rakuten Securities Inc. acquired a new position in shares of Cisco Systems during the fourth quarter valued at about $43,000. 73.33% of the stock is owned by institutional investors.

Cisco Systems Stock Performance

CSCO stock traded down $0.16 during trading on Wednesday, hitting $48.16. 2,444,396 shares of the company’s stock traded hands, compared to its average volume of 19,257,941. 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 market capitalization of $195.01 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 2.78 and a beta of 0.87. Cisco Systems, Inc. has a 52 week low of $45.56 and a 52 week high of $58.19. The stock has a fifty day moving average price of $49.01 and a two-hundred day moving average price of $50.13.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.03. The company had revenue of $12.79 billion during the quarter, compared to analyst estimates of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 EPS. As a group, equities analysts anticipate that Cisco Systems, Inc. will post 3.13 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th will be given a $0.40 dividend. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, April 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 3.32%. Cisco Systems’s dividend payout ratio is presently 48.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CSCO shares. Melius Research restated a “hold” rating and issued a $55.00 price objective on shares of Cisco Systems in a research note on Monday, January 8th. UBS Group raised their price target on Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Morgan Stanley started coverage on shares of Cisco Systems in a research report on Tuesday, April 9th. They issued an “overweight” rating and a $58.00 price objective on the stock. JPMorgan Chase & Co. began coverage on Cisco Systems in a report on Monday. They issued a “neutral” rating and a $53.00 price objective for the company. Finally, Piper Sandler increased their price objective on Cisco Systems from $47.00 to $51.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Cisco Systems presently has an average rating of “Hold” and an average price target of $55.53.

Insider Activity at Cisco Systems

In related news, CFO Richard Scott Herren sold 13,942 shares of the company’s 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 owns 328,491 shares in the company, valued at approximately $16,424,550. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 328,491 shares in the company, valued at $16,424,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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 approximately $9,579,865.59. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,441 shares of company stock valued at $972,080. Insiders own 0.02% of the company’s stock.

Cisco Systems Company 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.