Darwin Wealth Management LLC Sells 4,418 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Darwin Wealth Management LLC trimmed its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 6.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 61,519 shares of the network equipment provider’s stock after selling 4,418 shares during the period. Darwin Wealth Management LLC’s holdings in Cisco Systems were worth $3,108,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Delos Wealth Advisors LLC boosted its stake in shares of Cisco Systems by 1,666.7% during the 4th quarter. Delos Wealth Advisors LLC now owns 636 shares of the network equipment provider’s stock worth $32,000 after acquiring an additional 600 shares in the last quarter. Altshuler Shaham Ltd increased its position in shares of Cisco Systems by 1,383.8% in the 4th quarter. Altshuler Shaham Ltd now owns 5,965 shares of the network equipment provider’s stock valued at $301,000 after purchasing an additional 5,563 shares during the last quarter. Wealthspire Advisors LLC boosted its holdings in Cisco Systems by 7.3% in the fourth quarter. Wealthspire Advisors LLC now owns 76,581 shares of the network equipment provider’s stock valued at $3,869,000 after purchasing an additional 5,196 shares in the last quarter. Pioneer Trust Bank N A OR grew its position in shares of Cisco Systems by 3.6% in the 4th quarter. Pioneer Trust Bank N A OR now owns 108,427 shares of the network equipment provider’s stock valued at $5,478,000 after buying an additional 3,790 shares during the last quarter. Finally, Clearwater Capital Advisors LLC increased its position in shares of Cisco Systems by 4.2% during the fourth quarter. Clearwater Capital Advisors LLC now owns 7,250 shares of the network equipment provider’s stock worth $366,000 after purchasing an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. StockNews.com raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Thursday, May 2nd. Piper Sandler boosted their price objective on shares of Cisco Systems from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. Morgan Stanley assumed coverage on shares of Cisco Systems in a research report on Tuesday, April 9th. They issued an “overweight” rating and a $58.00 price objective for the company. Wells Fargo & Company initiated coverage on Cisco Systems in a research report on Thursday, February 15th. They set an “equal weight” rating and a $52.00 price target for the company. Finally, Barclays increased their price objective on shares of Cisco Systems from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $55.53.

Cisco Systems Price Performance

Shares of CSCO remained flat at $47.79 during midday trading on Friday. The stock had a trading volume of 2,027,473 shares, compared to its average volume of 18,759,570. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26. The company has a market cap of $193.51 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 2.72 and a beta of 0.87. Cisco Systems, Inc. has a one year low of $45.70 and a one year high of $58.19. The company’s 50 day moving average price is $48.75 and its two-hundred day moving average price is $49.68.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The firm had revenue of $12.79 billion for the quarter, compared to analyst estimates of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. On average, research analysts predict that Cisco Systems, Inc. will post 3.13 earnings per share for the current year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th were issued a dividend of $0.40 per share. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Wednesday, April 3rd. Cisco Systems’s dividend payout ratio (DPR) is currently 48.63%.

Insider Transactions at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total transaction of $124,850.00. Following the completion of the transaction, the senior vice president now owns 58,121 shares of the company’s stock, valued at approximately $2,906,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the transaction, the senior vice president now owns 58,121 shares in the company, valued at $2,906,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the completion of the sale, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at $16,424,550. The disclosure for this sale can be found here. Insiders have sold 19,441 shares of company stock worth $972,080 in the last 90 days. Insiders own 0.02% of the company’s stock.

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.