Cisco Systems, Inc. (NASDAQ:CSCO) Shares Purchased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 13.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 375,894 shares of the network equipment provider's stock after purchasing an additional 44,766 shares during the quarter. Cisco Systems comprises about 0.8% of Banque Cantonale Vaudoise's investment portfolio, making the stock its 15th largest holding. Banque Cantonale Vaudoise's holdings in Cisco Systems were worth $20,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Summit Securities Group LLC acquired a new position in Cisco Systems during the second quarter valued at approximately $25,000. Quarry LP increased its stake in shares of Cisco Systems by 222.4% during the second quarter. Quarry LP now owns 661 shares of the network equipment provider's stock worth $31,000 after purchasing an additional 456 shares during the period. West Financial Advisors LLC increased its stake in Cisco Systems by 116.6% during the 3rd quarter. West Financial Advisors LLC now owns 574 shares of the network equipment provider's stock worth $31,000 after acquiring an additional 309 shares during the period. Hobbs Group Advisors LLC bought a new position in Cisco Systems during the 2nd quarter worth $36,000. Finally, Iron Horse Wealth Management LLC increased its stake in Cisco Systems by 617.7% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 890 shares of the network equipment provider's stock worth $42,000 after acquiring an additional 766 shares during the period. Institutional investors own 73.33% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JPMorgan Chase & Co. upgraded Cisco Systems from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $55.00 to $66.00 in a research note on Monday, November 11th. Needham & Company LLC reiterated a "hold" rating on shares of Cisco Systems in a research note on Thursday, August 15th. Tigress Financial lifted their price target on Cisco Systems from $76.00 to $78.00 and gave the company a "buy" rating in a research note on Monday, October 14th. Piper Sandler raised their price objective on Cisco Systems from $52.00 to $57.00 and gave the company a "neutral" rating in a report on Thursday, November 14th. Finally, Morgan Stanley raised their price objective on Cisco Systems from $58.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $59.94.

Insider Buying and Selling

In other Cisco Systems news, SVP Maria Victoria Wong sold 638 shares of Cisco Systems stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $49.09, for a total value of $31,319.42. Following the completion of the transaction, the senior vice president now owns 46,017 shares of the company's stock, valued at approximately $2,258,974.53. The trade was a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thimaya K. Subaiya sold 8,270 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $50.33, for a total transaction of $416,229.10. Following the sale, the executive vice president now directly owns 135,544 shares of the company's stock, valued at $6,821,929.52. This represents a 5.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,615 shares of company stock valued at $682,681 in the last ninety days. 0.01% of the stock is owned by company insiders.

Cisco Systems Stock Down 0.5 %

Shares of CSCO traded down $0.30 during mid-day trading on Tuesday, reaching $57.01. The company had a trading volume of 17,471,875 shares, compared to its average volume of 19,158,152. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. The firm has a 50-day moving average price of $54.35 and a 200 day moving average price of $49.88. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $59.38. The company has a market capitalization of $227.51 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 4.67 and a beta of 0.83.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. The business had revenue of $13.84 billion for the quarter, compared to analysts' expectations of $13.78 billion. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The firm's quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. On average, sell-side analysts forecast that Cisco Systems, Inc. will post 2.89 EPS for the current year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Friday, January 3rd. Cisco Systems's dividend payout ratio (DPR) is currently 68.67%.

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.