Cisco Systems, Inc. $CSCO Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 63.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,658,768 shares of the network equipment provider’s stock after purchasing an additional 644,636 shares during the period. Cisco Systems accounts for about 0.8% of NEOS Investment Management LLC’s holdings, making the stock its 15th biggest position. NEOS Investment Management LLC’s holdings in Cisco Systems were worth $113,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSCO. Brighton Jones LLC raised its holdings in Cisco Systems by 49.5% in the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock valued at $4,392,000 after acquiring an additional 24,562 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Cisco Systems by 37.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock valued at $542,000 after purchasing an additional 2,474 shares during the period. Sivia Capital Partners LLC increased its stake in Cisco Systems by 7.5% in the second quarter. Sivia Capital Partners LLC now owns 10,178 shares of the network equipment provider’s stock valued at $706,000 after purchasing an additional 712 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Cisco Systems during the second quarter worth about $20,183,000. Finally, Uhlmann Price Securities LLC boosted its stake in Cisco Systems by 3.1% in the 2nd quarter. Uhlmann Price Securities LLC now owns 18,414 shares of the network equipment provider’s stock worth $1,278,000 after buying an additional 556 shares during the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on CSCO. BNP Paribas Exane increased their price objective on shares of Cisco Systems from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. UBS Group increased their price target on shares of Cisco Systems from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Cisco Systems in a research note on Tuesday, January 27th. Erste Group Bank raised Cisco Systems from a “hold” rating to a “buy” rating in a research report on Monday, November 10th. Finally, Citigroup boosted their price target on Cisco Systems from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.19.

Cisco Systems Price Performance

CSCO stock opened at $76.85 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average is $77.79 and its two-hundred day moving average is $73.20. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $88.18. The company has a market capitalization of $303.64 billion, a PE ratio of 26.97, a P/E/G ratio of 2.86 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.02. Cisco Systems had a return on equity of 27.88% and a net margin of 19.22%.The business had revenue of $15.35 billion for the quarter, compared to the consensus estimate of $15.11 billion. During the same quarter last year, the business posted $0.94 EPS. The business’s revenue was up 9.7% on a year-over-year basis. Analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.42 per share. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, April 2nd. Cisco Systems’s dividend payout ratio (DPR) is currently 57.54%.

Insider Buying and Selling

In other news, SVP Maria Victoria Wong sold 9,801 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $76.38, for a total transaction of $748,600.38. Following the sale, the senior vice president owned 33,026 shares in the company, valued at $2,522,525.88. The trade was a 22.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kristina M. Johnson sold 13,481 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $77.13, for a total transaction of $1,039,789.53. Following the completion of the sale, the director owned 61,630 shares of the company’s stock, valued at approximately $4,753,521.90. This trade represents a 17.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 108,493 shares of company stock worth $8,435,818. Company insiders own 0.01% of the company’s stock.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.