Cisco Systems, Inc. (NASDAQ:CSCO) Stake Boosted by BKM Wealth Management LLC

BKM Wealth Management LLC increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 20.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,432 shares of the network equipment provider’s stock after purchasing an additional 5,259 shares during the quarter. BKM Wealth Management LLC’s holdings in Cisco Systems were worth $1,569,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Mcintyre Freedman & Flynn Investment Advisers Inc. boosted its holdings in Cisco Systems by 0.3% during the fourth quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 59,756 shares of the network equipment provider’s stock worth $3,019,000 after buying an additional 202 shares during the last quarter. Hyman Charles D boosted its holdings in Cisco Systems by 0.3% during the fourth quarter. Hyman Charles D now owns 70,727 shares of the network equipment provider’s stock worth $3,573,000 after buying an additional 203 shares during the last quarter. Madrona Financial Services LLC boosted its holdings in Cisco Systems by 2.4% during the fourth quarter. Madrona Financial Services LLC now owns 8,970 shares of the network equipment provider’s stock worth $453,000 after buying an additional 207 shares during the last quarter. Morton Brown Family Wealth LLC boosted its holdings in Cisco Systems by 41.9% during 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, Baker Boyer National Bank boosted its holdings in Cisco Systems by 2.6% during the first quarter. Baker Boyer National Bank now owns 8,237 shares of the network equipment provider’s stock worth $411,000 after buying an additional 210 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 2,619 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $45.34, for a total value of $118,745.46. Following the completion of the transaction, the executive vice president now owns 176,384 shares of the company’s stock, valued at approximately $7,997,250.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Cisco Systems news, SVP Maria Victoria Wong sold 762 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $45.42, for a total value of $34,610.04. Following the sale, the senior vice president now owns 51,788 shares in the company, valued at approximately $2,352,210.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Deborah L. Stahlkopf sold 2,619 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $45.34, for a total value of $118,745.46. Following the completion of the sale, the executive vice president now owns 176,384 shares in the company, valued at approximately $7,997,250.56. The disclosure for this sale can be found here. Insiders sold a total of 41,106 shares of company stock valued at $1,908,923 in the last 90 days. Corporate insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Piper Sandler restated a “neutral” rating and set a $52.00 target price on shares of Cisco Systems in a report on Wednesday, June 5th. Bank of America raised Cisco Systems from a “neutral” rating to a “buy” rating and raised their price target for the stock from $55.00 to $60.00 in a research report on Monday, April 15th. StockNews.com lowered Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Morgan Stanley initiated coverage on Cisco Systems in a research report on Tuesday, April 9th. They set an “overweight” rating and a $58.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a research report on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Cisco Systems currently has a consensus rating of “Hold” and a consensus price target of $56.47.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO traded up $0.16 during midday trading on Monday, hitting $47.67. 6,885,201 shares of the company’s stock were exchanged, compared to its average volume of 19,661,100. The company’s 50 day moving average price is $47.06 and its 200 day moving average price is $48.78. The firm has a market capitalization of $192.05 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 2.75 and a beta of 0.85. Cisco Systems, Inc. has a 12 month low of $44.95 and a 12 month high of $58.19. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 0.44.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. The firm had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $12.53 billion. During the same period in the prior year, the company posted $0.88 EPS. The company’s revenue was down 12.8% compared to the same quarter last year. As a group, analysts predict that Cisco Systems, Inc. will post 3.14 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Friday, July 5th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $1.60 dividend on an annualized basis and a yield of 3.36%. Cisco Systems’s payout ratio is presently 53.87%.

Cisco Systems 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.