Callan Family Office LLC Buys 2,495 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Callan Family Office LLC increased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 15.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,948 shares of the network equipment provider’s stock after acquiring an additional 2,495 shares during the quarter. Callan Family Office LLC’s holdings in Cisco Systems were worth $1,008,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc increased its stake in Cisco Systems by 16.6% in the 3rd quarter. Versant Capital Management Inc now owns 6,068 shares of the network equipment provider’s stock worth $323,000 after acquiring an additional 864 shares during the last quarter. Greenfield Savings Bank grew its holdings in shares of Cisco Systems by 3.3% during the third quarter. Greenfield Savings Bank now owns 33,102 shares of the network equipment provider’s stock worth $1,762,000 after purchasing an additional 1,062 shares in the last quarter. Heartwood Wealth Advisors LLC increased its position in shares of Cisco Systems by 3.0% in the third quarter. Heartwood Wealth Advisors LLC now owns 23,050 shares of the network equipment provider’s stock worth $1,227,000 after purchasing an additional 665 shares during the last quarter. Atwood & Palmer Inc. lifted its position in Cisco Systems by 0.8% during the third quarter. Atwood & Palmer Inc. now owns 524,290 shares of the network equipment provider’s stock valued at $27,903,000 after purchasing an additional 4,002 shares during the last quarter. Finally, Green Alpha Advisors LLC grew its stake in Cisco Systems by 4.4% in the 3rd quarter. Green Alpha Advisors LLC now owns 15,365 shares of the network equipment provider’s stock worth $818,000 after buying an additional 641 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Rosenblatt Securities increased their target price on Cisco Systems from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a report on Thursday, August 15th. Barclays cut their target price on Cisco Systems from $50.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, August 15th. Piper Sandler reissued a “neutral” rating and set a $52.00 price target on shares of Cisco Systems in a research note on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Cisco Systems from $52.00 to $53.00 and gave the company a “hold” rating in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $55.00.

Insiders Place Their Bets

In related news, CEO Charles Robbins sold 27,143 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $49.45, for a total transaction of $1,342,221.35. Following the completion of the sale, the chief executive officer now owns 683,403 shares in the company, valued at approximately $33,794,278.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Maria Victoria Wong sold 638 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $49.09, for a total transaction of $31,319.42. Following the sale, the senior vice president now owns 46,017 shares of the company’s stock, valued at $2,258,974.53. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles Robbins sold 27,143 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $49.45, for a total transaction of $1,342,221.35. Following the completion of the sale, the chief executive officer now owns 683,403 shares in the company, valued at approximately $33,794,278.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,529 shares of company stock worth $3,509,049. Corporate insiders own 0.02% of the company’s stock.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $52.51 on Tuesday. The firm’s 50 day moving average price is $49.58 and its 200-day moving average price is $48.26. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $211.55 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 4.11 and a beta of 0.83. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $54.58.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $13.53 billion. During the same period in the prior year, the business posted $1.01 EPS. Cisco Systems’s revenue was down 10.3% on a year-over-year basis. Equities research analysts expect that Cisco Systems, Inc. will post 2.9 EPS for the current year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Wednesday, October 2nd. Cisco Systems’s dividend payout ratio (DPR) is 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.