Cisco Systems, Inc. (NASDAQ:CSCO) Shares Purchased by Clifford Capital Partners LLC

Clifford Capital Partners LLC raised its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 21.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 245,953 shares of the network equipment provider’s stock after purchasing an additional 43,311 shares during the quarter. Cisco Systems comprises approximately 2.5% of Clifford Capital Partners LLC’s investment portfolio, making the stock its 27th biggest holding. Clifford Capital Partners LLC’s holdings in Cisco Systems were worth $11,685,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CSCO. Jones Financial Companies Lllp boosted its holdings in shares of Cisco Systems by 24.3% in the fourth quarter. Jones Financial Companies Lllp now owns 34,944 shares of the network equipment provider’s stock valued at $1,765,000 after acquiring an additional 6,838 shares in the last quarter. Carmignac Gestion increased its position in shares of Cisco Systems by 2.9% during the 4th quarter. Carmignac Gestion now owns 38,360 shares of the network equipment provider’s stock valued at $1,938,000 after purchasing an additional 1,098 shares during the period. Blueshift Asset Management LLC raised its stake in shares of Cisco Systems by 76.6% in the 4th quarter. Blueshift Asset Management LLC now owns 9,860 shares of the network equipment provider’s stock worth $498,000 after buying an additional 4,276 shares in the last quarter. Edge Capital Group LLC lifted its holdings in shares of Cisco Systems by 13.4% in the fourth quarter. Edge Capital Group LLC now owns 19,784 shares of the network equipment provider’s stock valued at $1,000,000 after buying an additional 2,333 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Cisco Systems by 196.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 747,272 shares of the network equipment provider’s stock valued at $37,752,000 after buying an additional 495,150 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Price Performance

CSCO opened at $52.74 on Wednesday. The stock has a fifty day moving average price of $49.26 and a 200 day moving average price of $48.19. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $54.58. The stock has a market cap of $212.48 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 4.11 and a beta of 0.83.

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 the consensus estimate of $0.85 by $0.02. The business had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $13.53 billion. Cisco Systems had a return on equity of 27.83% and a net margin of 19.18%. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.01 EPS. Analysts forecast that Cisco Systems, Inc. will post 2.9 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Wednesday, October 2nd. Cisco Systems’s payout ratio is presently 53.87%.

Insiders Place Their Bets

In other Cisco Systems news, SVP Maria Victoria Wong sold 3,379 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was 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 of the company’s stock, valued at $2,376,085.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related 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 transaction, the senior vice president now directly 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 is accessible through this link. Also, EVP Thimaya K. Subaiya sold 1,328 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $48.92, for a total value of $64,965.76. Following the completion of the sale, the executive vice president now directly owns 132,910 shares in the company, valued at $6,501,957.20. The disclosure for this sale can be found here. Insiders have sold 70,529 shares of company stock valued at $3,509,049 over the last three months. 0.02% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CSCO shares. Rosenblatt Securities upped their price target on shares of Cisco Systems from $56.00 to $58.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. HSBC raised shares of Cisco Systems from a “hold” rating to a “buy” rating and increased their target price for the company from $46.00 to $58.00 in a research note on Friday, August 16th. JPMorgan Chase & Co. upped their price target on Cisco Systems from $53.00 to $55.00 and gave the company 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. Barclays cut 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, Evercore ISI boosted their target price on Cisco Systems from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $55.00.

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.