Madison Park Capital Advisors LLC Takes $219,000 Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Madison Park Capital Advisors LLC bought a new stake in Cisco Systems, Inc. (NASDAQ:CSCO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,339 shares of the network equipment provider’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cassia Capital Partners LLC lifted its holdings in shares of Cisco Systems by 1.4% during the 3rd quarter. Cassia Capital Partners LLC now owns 13,950 shares of the network equipment provider’s stock worth $750,000 after acquiring an additional 191 shares during the last quarter. Waddell & Associates LLC lifted its holdings in shares of Cisco Systems by 0.8% during the 3rd quarter. Waddell & Associates LLC now owns 24,693 shares of the network equipment provider’s stock worth $1,328,000 after acquiring an additional 191 shares during the last quarter. Sax Wealth Advisors LLC lifted its holdings in shares of Cisco Systems by 3.6% during the 3rd quarter. Sax Wealth Advisors LLC now owns 5,686 shares of the network equipment provider’s stock worth $306,000 after acquiring an additional 196 shares during the last quarter. Onyx Bridge Wealth Group LLC lifted its holdings in shares of Cisco Systems by 3.8% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 5,385 shares of the network equipment provider’s stock worth $290,000 after acquiring an additional 197 shares during the last quarter. Finally, Winch Advisory Services LLC lifted its holdings in shares of Cisco Systems by 19.3% during the 3rd quarter. Winch Advisory Services LLC now owns 1,232 shares of the network equipment provider’s stock worth $66,000 after acquiring an additional 199 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CSCO. JPMorgan Chase & Co. assumed coverage on shares of Cisco Systems in a report on Monday. They set a “neutral” rating and a $53.00 price objective for the company. Piper Sandler boosted their price target on shares of Cisco Systems from $47.00 to $51.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 20th. Melius Research reissued a “hold” rating and issued a $55.00 price target on shares of Cisco Systems in a research note on Monday, January 8th. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research note on Tuesday, April 9th. Finally, UBS Group boosted their price target on shares of Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Cisco Systems presently has an average rating of “Hold” and a consensus price target of $55.53.

Insider Transactions at Cisco Systems

In other news, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the transaction, the senior vice president now owns 58,121 shares in the company, valued at $2,906,050. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Maria Victoria Wong sold 2,497 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the transaction, the senior vice president now owns 58,121 shares in the company, valued at $2,906,050. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $150,130.02. Following the transaction, the executive vice president now owns 191,559 shares in the company, valued at approximately $9,579,865.59. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,441 shares of company stock worth $972,080. Corporate insiders own 0.02% of the company’s stock.

Cisco Systems Stock Up 0.4 %

CSCO traded up $0.18 during midday trading on Tuesday, reaching $48.32. The company’s stock had a trading volume of 16,239,196 shares, compared to its average volume of 19,471,814. The firm has a market capitalization of $195.66 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 2.77 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. Cisco Systems, Inc. has a 1 year low of $45.56 and a 1 year high of $58.19. The stock’s 50-day moving average is $49.01 and its 200-day moving average is $50.13.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data 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. The business had revenue of $12.79 billion for the quarter, compared to analysts’ expectations of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The business’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 earnings per share. As a group, research analysts expect that Cisco Systems, Inc. will post 3.14 EPS for the current year.

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Wednesday, April 3rd. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio is currently 48.63%.

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.