Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by Ritter Daniher Financial Advisory LLC DE

Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 250.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 700 shares of the network equipment provider’s stock after acquiring an additional 500 shares during the period. Ritter Daniher Financial Advisory LLC DE’s holdings in Cisco Systems were worth $41,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Quarry LP raised its stake in shares of Cisco Systems by 92.3% during the 3rd quarter. Quarry LP now owns 1,271 shares of the network equipment provider’s stock valued at $68,000 after buying an additional 610 shares during the last quarter. Bontempo Ohly Capital Mgmt LLC boosted its stake in shares of Cisco Systems by 2.7% in the third quarter. Bontempo Ohly Capital Mgmt LLC now owns 80,435 shares of the network equipment provider’s stock worth $4,281,000 after buying an additional 2,082 shares during the last quarter. Dunhill Financial LLC grew its holdings in Cisco Systems by 145.4% during the third quarter. Dunhill Financial LLC now owns 1,654 shares of the network equipment provider’s stock worth $88,000 after acquiring an additional 980 shares during the period. MML Investors Services LLC lifted its holdings in Cisco Systems by 1.4% in the third quarter. MML Investors Services LLC now owns 932,221 shares of the network equipment provider’s stock valued at $49,613,000 after acquiring an additional 12,849 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in Cisco Systems by 2.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,583,832 shares of the network equipment provider’s stock valued at $137,512,000 after acquiring an additional 52,242 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Trading Down 4.8 %

CSCO opened at $54.54 on Monday. The firm has a market capitalization of $216.98 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 4.16 and a beta of 0.86. The company’s 50 day simple moving average is $61.91 and its two-hundred day simple moving average is $58.92. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $66.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.14). Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. Analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 12th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the network equipment provider to repurchase up to 6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be issued a $0.41 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.01%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.40. Cisco Systems’s dividend payout ratio is currently 71.62%.

Insiders Place Their Bets

In related news, CFO Richard Scott Herren sold 19,929 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $64.41, for a total transaction of $1,283,626.89. Following the completion of the sale, the chief financial officer now directly owns 335,605 shares of the company’s stock, valued at approximately $21,616,318.05. This trade represents a 5.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thimaya K. Subaiya sold 2,065 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $60.70, for a total transaction of $125,345.50. Following the completion of the transaction, the executive vice president now directly owns 191,184 shares in the company, valued at $11,604,868.80. The trade was a 1.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,547 shares of company stock valued at $4,275,553 over the last ninety days. Company insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CSCO shares. Melius Research raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Barclays reaffirmed an “equal weight” rating on shares of Cisco Systems in a report on Thursday, March 6th. Citigroup reissued an “overweight” rating on shares of Cisco Systems in a research note on Thursday, March 6th. Piper Sandler restated a “neutral” rating on shares of Cisco Systems in a research note on Thursday, March 6th. Finally, UBS Group increased their price target on Cisco Systems from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.63.

Cisco Systems 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.