Cisco Systems, Inc. (NASDAQ:CSCO) Shares Purchased by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. raised its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,364 shares of the network equipment provider’s stock after buying an additional 641 shares during the period. Bridgewater Advisors Inc.’s holdings in Cisco Systems were worth $2,039,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CSCO. Wealthspire Advisors LLC raised its position in shares of Cisco Systems by 48.1% in the 3rd quarter. Wealthspire Advisors LLC now owns 71,385 shares of the network equipment provider’s stock valued at $3,838,000 after purchasing an additional 23,194 shares in the last quarter. Roble Belko & Company Inc boosted its stake in Cisco Systems by 77.1% during the 4th quarter. Roble Belko & Company Inc now owns 6,405 shares of the network equipment provider’s stock valued at $324,000 after acquiring an additional 2,788 shares during the last quarter. HBK Sorce Advisory LLC grew its holdings in Cisco Systems by 0.5% during the 3rd quarter. HBK Sorce Advisory LLC now owns 64,136 shares of the network equipment provider’s stock worth $3,448,000 after acquiring an additional 301 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Cisco Systems in the 4th quarter worth about $28,685,000. Finally, Adage Capital Partners GP L.L.C. raised its stake in shares of Cisco Systems by 1.1% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 4,470,521 shares of the network equipment provider’s stock valued at $240,335,000 after purchasing an additional 49,700 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CSCO has been the topic of several research analyst reports. Melius Research reaffirmed a “hold” rating and set a $55.00 price target on shares of Cisco Systems in a research report on Monday, January 8th. Piper Sandler upped their price target on Cisco Systems from $47.00 to $51.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Bank of America raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $55.00 to $60.00 in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, April 9th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cisco Systems presently has an average rating of “Hold” and a consensus price target of $55.53.

Cisco Systems Price Performance

CSCO stock traded down $0.80 during trading on Tuesday, hitting $46.98. The company had a trading volume of 18,531,437 shares, compared to its average volume of 19,243,893. The firm has a market capitalization of $190.23 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 2.76 and a beta of 0.87. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average of $48.92 and a 200 day moving average of $49.97. Cisco Systems, Inc. has a fifty-two week low of $45.56 and a fifty-two week high of $58.19.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The firm had revenue of $12.79 billion during the quarter, compared to the consensus estimate of $12.71 billion. During the same period in the prior year, the firm posted $0.76 earnings per share. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, research analysts predict that Cisco Systems, Inc. will post 3.13 earnings per share for the current year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, April 3rd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a yield of 3.41%. Cisco Systems’s dividend payout ratio (DPR) is presently 48.63%.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the completion of the sale, the executive vice president now owns 191,559 shares in the company, valued at approximately $9,579,865.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total value of $150,130.02. Following the transaction, the executive vice president now directly owns 191,559 shares of the company’s stock, valued at approximately $9,579,865.59. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Richard Scott Herren sold 13,942 shares of Cisco Systems stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the sale, the chief financial officer now owns 328,491 shares of the company’s stock, valued at $16,424,550. The disclosure for this sale can be found here. Insiders have sold a total of 19,441 shares of company stock valued at $972,080 in the last 90 days. 0.02% of the stock is currently owned by corporate insiders.

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.