Skopos Labs Inc. Makes New $632,000 Investment in Cisco Systems, Inc. (NASDAQ:CSCO)

Skopos Labs Inc. acquired a new stake in Cisco Systems, Inc. (NASDAQ:CSCO) in the fourth quarter, HoldingsChannel reports. The firm acquired 12,504 shares of the network equipment provider’s stock, valued at approximately $632,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Valued Wealth Advisors LLC acquired a new position in shares of Cisco Systems during the 4th quarter valued at about $32,000. Delos Wealth Advisors LLC raised its position in shares of Cisco Systems by 1,666.7% in the 4th quarter. Delos Wealth Advisors LLC now owns 636 shares of the network equipment provider’s stock worth $32,000 after buying an additional 600 shares during the period. DiNuzzo Private Wealth Inc. acquired a new position in Cisco Systems in the fourth quarter valued at $33,000. Morton Brown Family Wealth LLC grew 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 period. Finally, Bourgeon Capital Management LLC increased its stake in Cisco Systems by 3,500.0% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Down 0.4 %

Shares of NASDAQ CSCO traded down $0.18 during midday trading on Friday, reaching $46.42. The company’s stock had a trading volume of 11,934,560 shares, compared to its average volume of 19,358,230. The stock has a market capitalization of $187.02 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 2.76 and a beta of 0.87. Cisco Systems, Inc. has a fifty-two week low of $46.20 and a fifty-two week high of $58.19. The stock has a 50 day simple moving average of $48.45 and a 200-day simple moving average of $49.37. The company has a current ratio of 0.89, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, May 15th. The network equipment provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The company had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $12.53 billion. During the same quarter last year, the firm posted $0.88 EPS. The company’s quarterly revenue was down 12.8% on a year-over-year basis. Equities research analysts predict that Cisco Systems, Inc. will post 3.13 earnings per share for the current year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Friday, July 5th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $1.60 annualized dividend and a yield of 3.45%. Cisco Systems’s payout ratio is currently 53.87%.

Insider Activity at Cisco Systems

In other news, CFO Richard Scott Herren sold 13,942 shares of the firm’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 transaction of $697,100.00. Following the transaction, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at $16,424,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Richard Scott Herren sold 13,942 shares of Cisco Systems 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 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 SEC, which is available at the SEC website. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the company’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 transaction, the executive vice president now owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The disclosure for this sale can be found here. Insiders sold 27,457 shares of company stock worth $1,358,772 in the last ninety days. 0.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CSCO shares. JPMorgan Chase & Co. started coverage on Cisco Systems in a research note on Monday, April 22nd. They issued a “neutral” rating and a $53.00 price objective on the stock. StockNews.com lowered Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday. Barclays increased their price objective on shares of Cisco Systems from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, May 17th. Oppenheimer boosted their target price on shares of Cisco Systems from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $52.00 price target (up from $51.00) on shares of Cisco Systems in a report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $56.47.

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.