AHL Investment Management Inc. Has $2.24 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

AHL Investment Management Inc. decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,172 shares of the network equipment provider’s stock after selling 1,200 shares during the period. Cisco Systems accounts for approximately 1.6% of AHL Investment Management Inc.’s portfolio, making the stock its 23rd biggest position. AHL Investment Management Inc.’s holdings in Cisco Systems were worth $2,241,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CSCO. Delos Wealth Advisors LLC raised its holdings in Cisco Systems by 1,666.7% during the fourth quarter. Delos Wealth Advisors LLC now owns 636 shares of the network equipment provider’s stock valued at $32,000 after buying an additional 600 shares in the last quarter. DiNuzzo Private Wealth Inc. bought a new position in Cisco Systems during the fourth quarter valued at about $33,000. Bourgeon Capital Management LLC raised its holdings 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 valued at $36,000 after buying an additional 700 shares in the last quarter. Retirement Group LLC raised its holdings in Cisco Systems by 56.8% during the first quarter. Retirement Group LLC now owns 726 shares of the network equipment provider’s stock valued at $36,000 after buying an additional 263 shares in the last quarter. Finally, Tidemark LLC bought a new position in Cisco Systems during the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Stock Down 1.3 %

CSCO traded down $0.61 during midday trading on Monday, hitting $44.86. The company had a trading volume of 20,277,899 shares, compared to its average volume of 19,640,785. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $58.19. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $180.73 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 2.97 and a beta of 0.85. The stock’s 50 day moving average price is $46.71 and its 200 day moving average price is $48.04.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.18. The firm had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $12.53 billion. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The business’s revenue was down 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 earnings per share. On average, research analysts anticipate that Cisco Systems, Inc. will post 3.14 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Stockholders of record on Friday, July 5th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, July 5th. Cisco Systems’s payout ratio is presently 53.87%.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of recent analyst reports. Barclays lifted their price objective on Cisco Systems from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, May 17th. BNP Paribas upgraded Cisco Systems from an “underperform” rating to a “neutral” rating and set a $50.00 price target on the stock in a research note on Monday, May 13th. Piper Sandler reaffirmed a “neutral” rating and set a $52.00 price objective on shares of Cisco Systems in a report on Wednesday, June 5th. Bank of America raised Cisco Systems from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $60.00 in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. assumed coverage on Cisco Systems in a report on Monday, April 22nd. They set a “neutral” rating and a $53.00 price objective on the stock. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $56.47.

Insider Transactions at Cisco Systems

In other news, SVP Maria Victoria Wong sold 762 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $45.42, for a total transaction of $34,610.04. Following the completion of the sale, the senior vice president now directly owns 51,788 shares of the company’s stock, valued at $2,352,210.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 8,016 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $48.24, for a total value of $386,691.84. Following the sale, the executive vice president now directly owns 180,705 shares in the company, valued at approximately $8,717,209.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Maria Victoria Wong sold 762 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $45.42, for a total value of $34,610.04. Following the transaction, the senior vice president now owns 51,788 shares of the company’s stock, valued at $2,352,210.96. The disclosure for this sale can be found here. Insiders sold a total of 41,106 shares of company stock valued at $1,908,923 over the last three months. Corporate 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.