Beaird Harris Wealth Management LLC Grows Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Beaird Harris Wealth Management LLC boosted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 50.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,033 shares of the network equipment provider’s stock after acquiring an additional 345 shares during the quarter. Beaird Harris Wealth Management LLC’s holdings in Cisco Systems were worth $52,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Counterweight Ventures LLC purchased a new position in Cisco Systems in the fourth quarter worth $2,104,000. Syon Capital LLC raised its position in Cisco Systems by 16.5% in the fourth quarter. Syon Capital LLC now owns 22,060 shares of the network equipment provider’s stock worth $1,114,000 after acquiring an additional 3,125 shares in the last quarter. Krane Funds Advisors LLC raised its position in Cisco Systems by 4.9% in the fourth quarter. Krane Funds Advisors LLC now owns 12,612 shares of the network equipment provider’s stock worth $637,000 after acquiring an additional 586 shares in the last quarter. TKG Advisors LLC grew its holdings in Cisco Systems by 28.2% in the fourth quarter. TKG Advisors LLC now owns 4,872 shares of the network equipment provider’s stock valued at $246,000 after purchasing an additional 1,072 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its holdings in Cisco Systems by 1.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 20,845 shares of the network equipment provider’s stock valued at $1,070,000 after purchasing an additional 331 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Activity at Cisco Systems

In related news, SVP Maria Victoria Wong sold 3,378 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $45.89, for a total transaction of $155,016.42. Following the completion of the transaction, the senior vice president now owns 52,953 shares in the company, valued at approximately $2,430,013.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Maria Victoria Wong sold 3,378 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $45.89, for a total transaction of $155,016.42. Following the completion of the transaction, the senior vice president now owns 52,953 shares in the company, valued at approximately $2,430,013.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,619 shares of Cisco Systems stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $45.34, for a total value of $118,745.46. Following the sale, the executive vice president now directly owns 176,384 shares in the company, valued at approximately $7,997,250.56. The disclosure for this sale can be found here. Insiders sold 41,106 shares of company stock worth $1,908,923 in the last 90 days. 0.02% of the stock is currently owned by company insiders.

Cisco Systems Stock Performance

Shares of CSCO traded up $0.16 during mid-day trading on Friday, hitting $45.68. The stock had a trading volume of 15,274,176 shares, compared to its average volume of 19,183,470. The company has a market cap of $184.04 billion, a PE ratio of 15.38, a PEG ratio of 2.65 and a beta of 0.85. The company’s fifty day simple moving average is $47.41 and its two-hundred day simple moving average is $48.90. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 0.44. Cisco Systems, Inc. has a fifty-two week low of $44.97 and a fifty-two week high of $58.19.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.70 by $0.18. The company had revenue of $12.70 billion during the quarter, compared to analyst estimates of $12.53 billion. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. The business’s revenue was down 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 EPS. On average, equities analysts expect that Cisco Systems, Inc. will post 3.14 earnings per share for the current year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Friday, July 5th will be given a $0.40 dividend. The ex-dividend date is Friday, July 5th. This represents a $1.60 annualized dividend and a dividend yield of 3.50%. Cisco Systems’s payout ratio is 53.87%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CSCO shares. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a report on Monday, June 10th. Piper Sandler reissued a “neutral” rating and issued a $52.00 target price on shares of Cisco Systems in a report on Wednesday, June 5th. StockNews.com lowered Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. JPMorgan Chase & Co. assumed coverage on Cisco Systems in a report on Monday, April 22nd. They issued a “neutral” rating and a $53.00 target price on the stock. Finally, Citigroup started coverage on Cisco Systems in a research note on Friday, April 12th. They set a “neutral” rating and a $52.00 price objective on the stock. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus 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.