Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by P.A.W. Capital Corp

P.A.W. Capital Corp grew its stake in Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 33.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,000 shares of the network equipment provider’s stock after purchasing an additional 5,000 shares during the quarter. P.A.W. Capital Corp’s holdings in Cisco Systems were worth $853,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Blair William & Co. IL raised its stake in shares of Cisco Systems by 25.3% in the 4th quarter. Blair William & Co. IL now owns 654,995 shares of the network equipment provider’s stock valued at $41,507,000 after acquiring an additional 132,102 shares during the period. Clearstead Advisors LLC raised its position in Cisco Systems by 1.5% in the 4th quarter. Clearstead Advisors LLC now owns 159,488 shares of the network equipment provider’s stock valued at $10,107,000 after purchasing an additional 2,429 shares during the last quarter. Rowland & Co. Investment Counsel ADV purchased a new position in Cisco Systems during the 4th quarter worth $122,000. Summit Global Investments raised its position in Cisco Systems by 0.4% during the 4th quarter. Summit Global Investments now owns 100,243 shares of the network equipment provider’s stock worth $6,352,000 after buying an additional 373 shares during the last quarter. Finally, HBK Investments L P purchased a new position in shares of Cisco Systems in the 4th quarter valued at about $652,000. Institutional investors and hedge funds own 71.71% of the company’s stock.

Insider Activity at Cisco Systems

In related news, CEO Charles Robbins sold 12,716 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $47.14, for a total value of $599,432.24. Following the completion of the sale, the chief executive officer now owns 631,374 shares of the company’s stock, valued at approximately $29,762,970.36. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Charles Robbins sold 12,716 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $47.14, for a total value of $599,432.24. Following the completion of the sale, the chief executive officer now directly owns 631,374 shares in the company, valued at approximately $29,762,970.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeffery S. Sharritts sold 12,838 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $47.86, for a total value of $614,426.68. Following the completion of the sale, the executive vice president now owns 167,532 shares of the company’s stock, valued at $8,018,081.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,317 shares of company stock valued at $2,612,042. 0.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CSCO has been the topic of several research analyst reports. Credit Suisse Group raised their target price on shares of Cisco Systems from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, August 18th. Piper Sandler lifted their price objective on shares of Cisco Systems from $43.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, August 18th. Rosenblatt Securities boosted their price target on shares of Cisco Systems from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, August 18th. Jefferies Financial Group lifted their price objective on shares of Cisco Systems from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, August 18th. Finally, Raymond James cut their price objective on shares of Cisco Systems from $63.00 to $59.00 and set an “outperform” rating on the stock in a research note on Thursday, August 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $54.10.

Cisco Systems Trading Down 2.3 %

NASDAQ:CSCO opened at $41.59 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 1.33. Cisco Systems, Inc. has a fifty-two week low of $40.82 and a fifty-two week high of $64.29. The stock’s 50-day moving average is $45.13 and its two-hundred day moving average is $47.62. The stock has a market cap of $170.89 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96.

Cisco Systems (NASDAQ:CSCOGet Rating) last released its earnings results on Wednesday, August 17th. The network equipment provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $13.10 billion for the quarter, compared to analysts’ expectations of $12.78 billion. Cisco Systems had a return on equity of 31.12% and a net margin of 22.91%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 EPS. As a group, equities research analysts forecast that Cisco Systems, Inc. will post 3.1 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.52 annualized dividend and a dividend yield of 3.65%. Cisco Systems’s payout ratio is 53.90%.

About Cisco Systems

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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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

See Also

Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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