Middleton & Co. Inc. MA Increases Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Middleton & Co. Inc. MA raised its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 8.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,907 shares of the network equipment provider’s stock after acquiring an additional 400 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Cisco Systems were worth $233,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CSCO. Gilbert & Cook Inc. increased its position in shares of Cisco Systems by 1.1% during the fourth quarter. Gilbert & Cook Inc. now owns 23,417 shares of the network equipment provider’s stock worth $1,183,000 after acquiring an additional 264 shares during the period. Gryphon Financial Partners LLC boosted its stake in shares of Cisco Systems by 104.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 23,064 shares of the network equipment provider’s stock valued at $1,177,000 after buying an additional 11,767 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Cisco Systems by 4.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 14,080 shares of the network equipment provider’s stock worth $711,000 after buying an additional 645 shares in the last quarter. Pzena Investment Management LLC increased its stake in shares of Cisco Systems by 0.6% during the fourth quarter. Pzena Investment Management LLC now owns 583,559 shares of the network equipment provider’s stock worth $29,481,000 after buying an additional 3,594 shares during the period. Finally, Delta Asset Management LLC TN raised its holdings in Cisco Systems by 1.5% in the fourth quarter. Delta Asset Management LLC TN now owns 15,836 shares of the network equipment provider’s stock valued at $800,000 after acquiring an additional 237 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CSCO. JPMorgan Chase & Co. boosted their price target on shares of Cisco Systems from $53.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, August 8th. Despite investors’ hopes for a rebound in Networking Equipment demand to boost Cisco’s fourth-quarter 2024 performance, the anticipation is tempered by limited indications of a significant recovery in demand. New Street Research upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Thursday, August 15th. HSBC upgraded Cisco Systems from a “hold” rating to a “buy” rating and raised their price target for the company from $46.00 to $58.00 in a research note on Friday, August 16th. Barclays lowered their price objective on Cisco Systems from $50.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Cisco Systems from $52.00 to $53.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Cisco Systems currently has a consensus rating of “Hold” and a consensus target price of $55.89.

Insider Activity at Cisco Systems

In other news, SVP Maria Victoria Wong sold 3,379 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $50.36, for a total value of $170,166.44. Following the completion of the sale, the senior vice president now owns 47,182 shares in the company, valued at approximately $2,376,085.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Cisco Systems news, SVP Maria Victoria Wong sold 3,379 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $50.36, for a total transaction of $170,166.44. Following the transaction, the senior vice president now owns 47,182 shares in the company, valued at approximately $2,376,085.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deborah L. Stahlkopf sold 7,462 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $49.41, for a total value of $368,697.42. Following the completion of the transaction, the executive vice president now owns 165,580 shares of the company’s stock, valued at approximately $8,181,307.80. The disclosure for this sale can be found here. Insiders have sold a total of 70,529 shares of company stock worth $3,509,049 in the last three months. Insiders own 0.02% of the company’s stock.

Cisco Systems Trading Down 0.1 %

NASDAQ CSCO opened at $50.57 on Thursday. The firm’s fifty day moving average is $48.33 and its two-hundred day moving average is $48.01. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $56.21. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a market cap of $203.74 billion, a PE ratio of 17.03, a P/E/G ratio of 3.87 and a beta of 0.83.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. Cisco Systems had a return on equity of 27.83% and a net margin of 19.18%. The firm had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $13.53 billion. During the same quarter in the previous year, the firm posted $1.01 EPS. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. Analysts expect that Cisco Systems, Inc. will post 2.9 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Wednesday, October 2nd. 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.