Bank of New Hampshire Has $1.27 Million Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Bank of New Hampshire cut its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 7.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,440 shares of the network equipment provider’s stock after selling 1,699 shares during the quarter. Bank of New Hampshire’s holdings in Cisco Systems were worth $1,269,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Lantz Financial LLC grew its position in Cisco Systems by 1.2% during the second quarter. Lantz Financial LLC now owns 60,993 shares of the network equipment provider’s stock worth $2,898,000 after buying an additional 736 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in shares of Cisco Systems by 3,269.4% during the 2nd quarter. Strategic Financial Concepts LLC now owns 150,172 shares of the network equipment provider’s stock worth $68,000 after purchasing an additional 145,715 shares in the last quarter. Anchor Capital Advisors LLC increased its position in shares of Cisco Systems by 1.2% during the second quarter. Anchor Capital Advisors LLC now owns 55,373 shares of the network equipment provider’s stock valued at $2,631,000 after purchasing an additional 664 shares during the period. Koss Olinger Consulting LLC acquired a new position in shares of Cisco Systems in the second quarter valued at $201,000. Finally, Quest Partners LLC bought a new position in Cisco Systems in the second quarter worth $62,000. 73.33% of the stock is owned by institutional investors.

Cisco Systems Trading Up 0.4 %

CSCO stock traded up $0.24 during midday trading on Tuesday, reaching $59.01. The stock had a trading volume of 2,463,524 shares, compared to its average volume of 13,959,408. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $60.23. The firm has a market cap of $235.02 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 4.37 and a beta of 0.84. The business has a fifty day simple moving average of $58.38 and a two-hundred day simple moving average of $52.85.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The business had revenue of $13.84 billion during the quarter, compared to the consensus estimate of $13.78 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. Cisco Systems’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, research analysts expect that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be issued a $0.40 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.71%. Cisco Systems’s dividend payout ratio is presently 68.67%.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, Director Kristina M. Johnson sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $59.87, for a total value of $449,025.00. Following the completion of the sale, the director now owns 65,915 shares of the company’s stock, valued at approximately $3,946,331.05. This represents a 10.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles Robbins sold 171,744 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $57.49, for a total transaction of $9,873,562.56. Following the completion of the transaction, the chief executive officer now directly owns 783,786 shares of the company’s stock, valued at $45,059,857.14. This trade represents a 17.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 353,522 shares of company stock valued at $20,349,721. 0.01% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Piper Sandler raised their price objective on shares of Cisco Systems from $52.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Melius Research raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday. Melius raised Cisco Systems from a “hold” rating to a “buy” rating and increased their target price for the stock from $66.00 to $73.00 in a report on Monday. Wells Fargo & Company boosted their price target on Cisco Systems from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Finally, StockNews.com raised Cisco Systems from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.95.

Cisco Systems Company 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.