Diversified Trust Co Has $3.34 Million Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Diversified Trust Co cut its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 11.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,009 shares of the network equipment provider’s stock after selling 8,353 shares during the quarter. Diversified Trust Co’s holdings in Cisco Systems were worth $3,344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CSCO. Aviance Capital Partners LLC grew its holdings in shares of Cisco Systems by 8.4% during the 1st quarter. Aviance Capital Partners LLC now owns 83,291 shares of the network equipment provider’s stock valued at $4,157,000 after acquiring an additional 6,454 shares in the last quarter. Roberts Wealth Advisors LLC increased its position in Cisco Systems by 0.6% in the 1st quarter. Roberts Wealth Advisors LLC now owns 79,439 shares of the network equipment provider’s stock worth $3,832,000 after purchasing an additional 511 shares during the last quarter. Citizens Business Bank raised its stake in shares of Cisco Systems by 0.6% during the 1st quarter. Citizens Business Bank now owns 48,751 shares of the network equipment provider’s stock worth $2,433,000 after purchasing an additional 279 shares in the last quarter. Clarity Wealth Advisors LLC lifted its holdings in shares of Cisco Systems by 5.0% during the 1st quarter. Clarity Wealth Advisors LLC now owns 14,358 shares of the network equipment provider’s stock valued at $717,000 after buying an additional 689 shares during the last quarter. Finally, Chatham Capital Group Inc. increased its holdings in Cisco Systems by 0.5% in the first quarter. Chatham Capital Group Inc. now owns 154,219 shares of the network equipment provider’s stock worth $7,697,000 after buying an additional 741 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Transactions at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 762 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $45.42, for a total value of $34,610.04. Following the transaction, the senior vice president now directly owns 51,788 shares in the company, valued at $2,352,210.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Deborah L. Stahlkopf sold 2,619 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now directly owns 176,384 shares in the company, valued at $7,997,250.56. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Maria Victoria Wong sold 762 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $45.42, for a total transaction of $34,610.04. Following the sale, the senior vice president now directly owns 51,788 shares in the company, valued at approximately $2,352,210.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,106 shares of company stock valued at $1,908,923. 0.02% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Bank of America raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $60.00 in a research report on Monday, April 15th. StockNews.com downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Oppenheimer boosted their price target on Cisco Systems from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. Piper Sandler reissued a “neutral” rating and set a $52.00 price objective on shares of Cisco Systems in a report on Wednesday, June 5th. Finally, Citigroup initiated coverage on Cisco Systems in a research report on Friday, April 12th. They set a “neutral” rating and a $52.00 target price for the company. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $56.47.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $47.52 on Tuesday. The firm has a market capitalization of $191.45 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 2.75 and a beta of 0.85. 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, Inc. has a 12-month low of $44.95 and a 12-month high of $58.19. The firm has a 50-day moving average price of $47.06 and a 200 day moving average price of $48.78.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.18. The business had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $12.53 billion. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. Cisco Systems’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS. Research analysts anticipate 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. Stockholders of record on Friday, July 5th will be paid a $0.40 dividend. The ex-dividend date is Friday, July 5th. This represents a $1.60 annualized dividend and a dividend yield of 3.37%. Cisco Systems’s dividend payout ratio is presently 53.87%.

Cisco Systems Company 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.