Atlas Brown Inc. Acquires 1,170 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Atlas Brown Inc. increased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,995 shares of the network equipment provider’s stock after acquiring an additional 1,170 shares during the period. Atlas Brown Inc.’s holdings in Cisco Systems were worth $1,098,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Valued Wealth Advisors LLC purchased a new position in Cisco Systems in the fourth quarter worth about $32,000. Delos Wealth Advisors LLC raised its holdings in Cisco Systems by 1,666.7% in the fourth quarter. Delos Wealth Advisors LLC now owns 636 shares of the network equipment provider’s stock worth $32,000 after buying an additional 600 shares during the last quarter. DiNuzzo Private Wealth Inc. purchased a new position in Cisco Systems in the fourth quarter worth about $33,000. Morton Brown Family Wealth LLC raised its holdings in Cisco Systems by 41.9% in the fourth quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock worth $36,000 after buying an additional 208 shares during the last quarter. Finally, Bourgeon Capital Management LLC raised its holdings in Cisco Systems by 3,500.0% in the fourth quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock worth $36,000 after buying an additional 700 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Deborah L. Stahlkopf sold 2,619 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $45.34, for a total transaction of $118,745.46. Following the completion of the transaction, the executive vice president now owns 176,384 shares in the company, valued at $7,997,250.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Deborah L. Stahlkopf sold 2,619 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $45.34, for a total transaction of $118,745.46. Following the sale, the executive vice president now owns 176,384 shares of the company’s stock, valued at $7,997,250.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Charles Robbins sold 26,331 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $46.10, for a total transaction of $1,213,859.10. Following the sale, the chief executive officer now directly owns 725,363 shares in the company, valued at approximately $33,439,234.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,106 shares of company stock worth $1,908,923. 0.02% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CSCO shares. Piper Sandler reaffirmed a “neutral” rating and issued a $52.00 target price on shares of Cisco Systems in a report on Wednesday, June 5th. Wells Fargo & Company boosted their price objective on shares of Cisco Systems from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Thursday, May 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, April 9th. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a report on Monday, June 10th. Finally, Bank of America raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $55.00 to $60.00 in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $56.47.

Cisco Systems Stock Performance

CSCO opened at $45.97 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.89 and a quick ratio of 0.82. The company has a 50 day simple moving average of $47.22 and a two-hundred day simple moving average of $48.85. Cisco Systems, Inc. has a 1-year low of $44.95 and a 1-year high of $58.19. The firm has a market cap of $185.20 billion, a P/E ratio of 15.48, a PEG ratio of 2.66 and a beta of 0.85.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.18. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The firm had revenue of $12.70 billion during the quarter, compared to analyst estimates of $12.53 billion. During the same quarter in the prior year, the business earned $0.88 earnings per share. Cisco Systems’s revenue for the quarter was down 12.8% on a year-over-year basis. Equities analysts forecast that Cisco Systems, Inc. will post 3.14 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Friday, July 5th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.48%. Cisco Systems’s dividend payout ratio is 53.87%.

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.