Godshalk Welsh Capital Management Inc. Trims Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Godshalk Welsh Capital Management Inc. reduced its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,287 shares of the network equipment provider’s stock after selling 290 shares during the period. Cisco Systems accounts for about 1.2% of Godshalk Welsh Capital Management Inc.’s investment portfolio, making the stock its 24th largest holding. Godshalk Welsh Capital Management Inc.’s holdings in Cisco Systems were worth $1,867,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Gilbert & Cook Inc. boosted its stake in Cisco Systems by 1.1% in the 4th quarter. Gilbert & Cook Inc. now owns 23,417 shares of the network equipment provider’s stock worth $1,183,000 after purchasing an additional 264 shares in the last quarter. Gryphon Financial Partners LLC grew its holdings in shares of Cisco Systems by 104.2% during the fourth 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 last quarter. EverSource Wealth Advisors LLC raised its holdings in Cisco Systems by 4.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 14,080 shares of the network equipment provider’s stock worth $711,000 after acquiring an additional 645 shares during the last quarter. Pzena Investment Management LLC lifted its position in Cisco Systems by 0.6% in the 4th quarter. Pzena Investment Management LLC now owns 583,559 shares of the network equipment provider’s stock valued at $29,481,000 after acquiring an additional 3,594 shares in the last quarter. Finally, Tidemark LLC bought a new position in Cisco Systems in the 4th quarter valued at approximately $41,000. Institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling

In related news, CEO Charles Robbins sold 27,143 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $49.45, for a total value of $1,342,221.35. Following the transaction, the chief executive officer now owns 683,403 shares of the company’s stock, valued at $33,794,278.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Maria Victoria Wong sold 638 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $49.09, for a total transaction of $31,319.42. Following the transaction, the senior vice president now directly owns 46,017 shares in the company, valued at approximately $2,258,974.53. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Charles Robbins sold 27,143 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $49.45, for a total value of $1,342,221.35. Following the completion of the sale, the chief executive officer now owns 683,403 shares of the company’s stock, valued at $33,794,278.35. The disclosure for this sale can be found here. Insiders sold a total of 70,529 shares of company stock worth $3,509,049 over the last three months. 0.02% of the stock is owned by insiders.

Cisco Systems Stock Up 1.7 %

Shares of CSCO stock opened at $51.44 on Friday. The company’s fifty day simple moving average is $48.43 and its two-hundred day simple moving average is $48.03. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $56.05. The stock has a market cap of $207.24 billion, a P/E ratio of 17.32, a PEG ratio of 3.87 and a beta of 0.83. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 0.43.

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

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Wednesday, October 2nd. Cisco Systems’s dividend payout ratio is currently 53.87%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CSCO shares. New Street Research raised Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price target on the stock in a report on Thursday, August 15th. Rosenblatt Securities lifted their price objective on Cisco Systems from $56.00 to $58.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. JPMorgan Chase & Co. upped their price target on shares of Cisco Systems from $53.00 to $55.00 and gave the company a “hold” rating in a research 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. Jefferies Financial Group dropped their price objective on shares of Cisco Systems from $56.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Finally, HSBC raised shares of Cisco Systems from a “hold” rating to a “buy” rating and upped their target price for the company from $46.00 to $58.00 in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $55.89.

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.