Cisco Systems, Inc. (NASDAQ:CSCO) is LSV Asset Management's 3rd Largest Position

LSV Asset Management decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,395,181 shares of the network equipment provider's stock after selling 525,423 shares during the quarter. Cisco Systems makes up about 1.3% of LSV Asset Management's holdings, making the stock its 3rd largest position. LSV Asset Management owned 0.24% of Cisco Systems worth $556,195,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new position in Cisco Systems in the fourth quarter valued at $26,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Cisco Systems during the fourth quarter worth about $30,000. Campbell Capital Management Inc. acquired a new position in Cisco Systems in the 4th quarter valued at about $31,000. Highline Wealth Partners LLC raised its stake in Cisco Systems by 76.7% during the 4th quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider's stock valued at $35,000 after acquiring an additional 260 shares during the last quarter. Finally, Synergy Investment Management LLC acquired a new stake in Cisco Systems during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Cisco Systems Trading Up 0.2 %

Shares of CSCO stock traded up $0.09 on Monday, reaching $57.42. 5,450,763 shares of the stock were exchanged, compared to its average volume of 20,058,274. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. The stock has a market cap of $228.43 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 4.16 and a beta of 0.86. The firm has a 50 day moving average of $61.30 and a two-hundred day moving average of $59.05. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $66.50.

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

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.86%. This is a boost from Cisco Systems's previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 3rd. Cisco Systems's dividend payout ratio is 71.62%.

Cisco Systems declared that its board has authorized a share repurchase plan on Wednesday, February 12th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the network equipment provider to purchase up to 6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

CSCO has been the subject of several analyst reports. DZ Bank upgraded Cisco Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Melius Research upgraded shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Citigroup reissued an "overweight" rating on shares of Cisco Systems in a report on Thursday, March 6th. JPMorgan Chase & Co. boosted their target price on shares of Cisco Systems from $69.00 to $73.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Finally, Piper Sandler lowered their price target on Cisco Systems from $72.00 to $60.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $66.00.

Insider Activity at Cisco Systems

In other news, CEO Charles Robbins sold 31,983 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $64.41, for a total value of $2,060,025.03. Following the completion of the sale, the chief executive officer now owns 736,120 shares in the company, valued at approximately $47,413,489.20. This trade represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard Scott Herren sold 19,929 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $64.41, for a total value of $1,283,626.89. Following the transaction, the chief financial officer now directly owns 335,605 shares in the company, valued at $21,616,318.05. This trade represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 66,547 shares of company stock worth $4,275,553. Corporate insiders own 0.01% of the company's stock.

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.