CCLA Investment Management Has $3.58 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

CCLA Investment Management raised its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 27.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 60,553 shares of the network equipment provider’s stock after buying an additional 13,111 shares during the quarter. CCLA Investment Management’s holdings in Cisco Systems were worth $3,582,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Pines Wealth Management LLC acquired a new stake in shares of Cisco Systems during the fourth quarter worth $993,000. SeaCrest Wealth Management LLC boosted its stake in Cisco Systems by 0.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 31,744 shares of the network equipment provider’s stock worth $1,879,000 after purchasing an additional 178 shares during the period. Accurate Wealth Management LLC increased its holdings in Cisco Systems by 0.6% during the 4th quarter. Accurate Wealth Management LLC now owns 50,476 shares of the network equipment provider’s stock worth $2,965,000 after purchasing an additional 303 shares in the last quarter. Wynn Capital LLC raised its stake in shares of Cisco Systems by 0.9% in the 4th quarter. Wynn Capital LLC now owns 38,225 shares of the network equipment provider’s stock valued at $2,263,000 after purchasing an additional 346 shares during the period. Finally, Ignite Planners LLC lifted its holdings in shares of Cisco Systems by 13.1% in the fourth quarter. Ignite Planners LLC now owns 8,108 shares of the network equipment provider’s stock valued at $477,000 after purchasing an additional 936 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Price Performance

Shares of CSCO opened at $59.33 on Wednesday. The firm has a market capitalization of $236.30 billion, a PE ratio of 25.46, a PEG ratio of 4.37 and a beta of 0.85. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80. The company’s 50-day moving average is $58.79 and its 200-day moving average is $53.34. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $60.23.

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

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be paid a $0.40 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.70%. Cisco Systems’s dividend payout ratio (DPR) is presently 68.67%.

Insiders Place Their Bets

In other news, SVP Maria Victoria Wong sold 4,881 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $59.73, for a total transaction of $291,542.13. Following the transaction, the senior vice president now directly owns 51,931 shares of the company’s stock, valued at approximately $3,101,838.63. This trade represents a 8.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Robbins sold 171,744 shares of Cisco Systems stock in a transaction that occurred 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 sale, the chief executive officer now owns 783,786 shares of the company’s stock, valued at approximately $45,059,857.14. The trade was a 17.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 353,522 shares of company stock worth $20,349,721 in the last 90 days. Company insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

CSCO has been the subject of a number of research reports. Piper Sandler increased their price objective on Cisco Systems from $52.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. StockNews.com raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised shares of Cisco Systems from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $55.00 to $66.00 in a research report on Monday, November 11th. Citigroup lifted their price target on shares of Cisco Systems from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Melius Research upgraded shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.28.

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.