Callahan Advisors LLC Purchases 8,126 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Callahan Advisors LLC raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 14.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,500 shares of the network equipment provider's stock after purchasing an additional 8,126 shares during the quarter. Callahan Advisors LLC's holdings in Cisco Systems were worth $3,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of CSCO. Highline Wealth Partners LLC grew its stake in shares of Cisco Systems by 76.7% during the 4th quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider's stock worth $35,000 after acquiring an additional 260 shares during the period. RPg Family Wealth Advisory LLC bought a new position in shares of Cisco Systems during the 3rd quarter worth $40,000. Decker Retirement Planning Inc. bought a new position in shares of Cisco Systems during the 4th quarter worth $49,000. Capital Performance Advisors LLP bought a new position in shares of Cisco Systems during the 3rd quarter worth $51,000. Finally, FSA Wealth Management LLC purchased a new stake in Cisco Systems during the 3rd quarter worth about $56,000. Institutional investors own 73.33% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CSCO shares. Rosenblatt Securities raised Cisco Systems from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $66.00 to $80.00 in a report on Thursday, February 13th. DZ Bank raised Cisco Systems from a "hold" rating to a "buy" rating in a report on Tuesday. Bank of America increased their price objective on Cisco Systems from $60.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Morgan Stanley increased their price objective on Cisco Systems from $62.00 to $68.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. Finally, Piper Sandler increased their price objective on Cisco Systems from $57.00 to $72.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Cisco Systems currently has an average rating of "Moderate Buy" and an average target price of $66.53.

Cisco Systems Trading Down 0.4 %

NASDAQ:CSCO traded down $0.28 during trading hours on Friday, reaching $64.39. The company's stock had a trading volume of 5,954,504 shares, compared to its average volume of 19,370,520. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87. The firm has a market capitalization of $256.18 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 4.17 and a beta of 0.84. The firm has a 50-day simple moving average of $60.55 and a 200-day simple moving average of $56.01. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $66.50.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. Research analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be paid a $0.41 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This is a boost from Cisco Systems's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 2.55%. Cisco Systems's dividend payout ratio (DPR) is presently 71.62%.

Cisco Systems announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 12th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the network equipment provider to reacquire up to 6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

Insider Activity at Cisco Systems

In related news, SVP Maria Victoria Wong sold 4,881 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $59.73, for a total value of $291,542.13. Following the completion of the transaction, the senior vice president now directly owns 51,931 shares of the company's stock, valued at $3,101,838.63. This represents a 8.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles Robbins sold 31,983 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the completion of the sale, the chief executive officer now owns 736,120 shares of the company's stock, valued at $47,413,489.20. This trade represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,921 shares of company stock worth $4,298,667 in the last 90 days. Company insiders own 0.01% of the company's stock.

About Cisco Systems

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.