Clarius Group LLC Has $1.55 Million Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Clarius Group LLC cut its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,102 shares of the network equipment provider’s stock after selling 314 shares during the quarter. Clarius Group LLC’s holdings in Cisco Systems were worth $1,549,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of CSCO. Five Oceans Advisors purchased a new position in Cisco Systems during the 1st quarter worth $332,000. Bell Bank lifted its position in shares of Cisco Systems by 1.6% during the 1st quarter. Bell Bank now owns 205,706 shares of the network equipment provider’s stock worth $12,694,000 after buying an additional 3,206 shares in the last quarter. Insigneo Advisory Services LLC boosted its stake in shares of Cisco Systems by 4.9% in the 1st quarter. Insigneo Advisory Services LLC now owns 22,085 shares of the network equipment provider’s stock worth $1,363,000 after buying an additional 1,032 shares during the last quarter. Lesa Sroufe & Co purchased a new stake in shares of Cisco Systems during the first quarter valued at approximately $252,000. Finally, Cardinal Capital Management lifted its holdings in Cisco Systems by 0.5% during the first quarter. Cardinal Capital Management now owns 154,286 shares of the network equipment provider’s stock worth $9,521,000 after acquiring an additional 769 shares during the period. Institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling

In related news, insider Jeetendra I. Patel sold 9,961 shares of Cisco Systems stock in a transaction on Friday, May 16th. The shares were sold at an average price of $63.97, for a total value of $637,205.17. Following the transaction, the insider now owns 257,162 shares in the company, valued at $16,450,653.14. This trade represents a 3.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 9,643 shares of the company’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $63.50, for a total transaction of $612,330.50. Following the sale, the executive vice president now owns 181,186 shares of the company’s stock, valued at approximately $11,505,311. The trade was a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,931 shares of company stock worth $4,671,930. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $65.33 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.95 and a quick ratio of 0.87. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $66.50. The stock has a market capitalization of $258.71 billion, a PE ratio of 26.67, a P/E/G ratio of 3.95 and a beta of 0.88. The company’s 50 day simple moving average is $60.86 and its two-hundred day simple moving average is $60.66.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $14.15 billion for the quarter, compared to analyst estimates of $14.05 billion. Cisco Systems had a return on equity of 26.48% and a net margin of 17.60%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 EPS. Analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, July 3rd. Cisco Systems’s dividend payout ratio (DPR) is currently 66.94%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CSCO shares. Evercore ISI boosted their price target on shares of Cisco Systems from $67.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, May 15th. New Street Research reiterated a “neutral” rating and issued a $70.00 target price on shares of Cisco Systems in a research note on Friday, May 16th. Piper Sandler raised their target price on Cisco Systems from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, May 15th. Morgan Stanley reaffirmed a “hold” rating on shares of Cisco Systems in a research report on Wednesday, May 21st. Finally, DZ Bank raised Cisco Systems from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and a consensus price target of $69.11.

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.