Revolve Wealth Partners LLC Has $269,000 Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Revolve Wealth Partners LLC lowered its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,669 shares of the network equipment provider’s stock after selling 213 shares during the period. Revolve Wealth Partners LLC’s holdings in Cisco Systems were worth $269,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CSCO. Norges Bank acquired a new position in shares of Cisco Systems during the fourth quarter valued at $2,528,939,000. Swedbank AB acquired a new position in Cisco Systems during the 1st quarter valued at about $840,538,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Cisco Systems by 9.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 73,439,747 shares of the network equipment provider’s stock valued at $3,672,445,000 after purchasing an additional 6,345,954 shares during the last quarter. FIL Ltd grew its position in shares of Cisco Systems by 47.1% during the 4th quarter. FIL Ltd now owns 18,922,422 shares of the network equipment provider’s stock worth $955,961,000 after buying an additional 6,054,748 shares during the period. Finally, Natixis raised its stake in shares of Cisco Systems by 438.4% during the first quarter. Natixis now owns 4,924,988 shares of the network equipment provider’s stock worth $245,806,000 after buying an additional 4,010,228 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Up 1.9 %

Shares of NASDAQ:CSCO traded up $0.93 during midday trading on Friday, hitting $49.46. The stock had a trading volume of 27,424,886 shares, compared to its average volume of 19,935,170. 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 business’s 50-day simple moving average is $46.74 and its 200-day simple moving average is $47.88. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $58.19. The company has a market cap of $199.27 billion, a P/E ratio of 16.65, a PEG ratio of 2.97 and a beta of 0.85.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.53 billion. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The company’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 EPS. On average, sell-side analysts forecast that Cisco Systems, Inc. will post 3.14 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Wednesday, October 2nd. Cisco Systems’s dividend payout ratio (DPR) is presently 53.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. New Street Research raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Thursday. Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a research note on Thursday. BNP Paribas raised Cisco Systems from an “underperform” rating to a “neutral” rating and set a $50.00 target price on the stock in a research note on Monday, May 13th. Piper Sandler restated a “neutral” rating and set a $52.00 target price on shares of Cisco Systems in a research report on Thursday. Finally, Barclays lowered their price target on Cisco Systems from $50.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Cisco Systems has a consensus rating of “Hold” and a consensus target price of $55.89.

Insider Buying and Selling at Cisco Systems

In other news, CEO Charles Robbins sold 26,331 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $46.10, for a total transaction of $1,213,859.10. Following the completion of the sale, the chief executive officer now owns 725,363 shares in the company, valued at approximately $33,439,234.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Charles Robbins sold 26,331 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $46.10, for a total transaction of $1,213,859.10. Following the transaction, the chief executive officer now owns 725,363 shares in the company, valued at $33,439,234.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Maria Victoria Wong sold 3,378 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $45.89, for a total value of $155,016.42. Following the completion of the sale, the senior vice president now owns 52,953 shares of the company’s stock, valued at $2,430,013.17. The disclosure for this sale can be found here. Insiders sold 33,090 shares of company stock valued at $1,522,231 in the last quarter. 0.02% of the stock is currently owned by insiders.

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.