Xponance Inc. Grows Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Xponance Inc. grew its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 15.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 678,696 shares of the network equipment provider's stock after purchasing an additional 90,388 shares during the quarter. Xponance Inc.'s holdings in Cisco Systems were worth $40,179,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. FPC Investment Advisory Inc. purchased a new stake in Cisco Systems during the 4th quarter valued at about $26,000. Campbell Capital Management Inc. purchased a new stake in Cisco Systems during the 4th quarter valued at about $31,000. Highline Wealth Partners LLC boosted its holdings 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 period. Synergy Investment Management LLC purchased a new stake in Cisco Systems during the 4th quarter valued at about $36,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in Cisco Systems during the 3rd quarter valued at about $40,000. 73.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CSCO. Melius upgraded Cisco Systems from a "hold" rating to a "buy" rating and increased their target price for the company from $66.00 to $73.00 in a report on Monday, January 6th. The Goldman Sachs Group increased their price objective on Cisco Systems from $56.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Piper Sandler reiterated a "neutral" rating on shares of Cisco Systems in a report on Thursday, March 6th. Rosenblatt Securities upgraded 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. Finally, 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. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $66.63.

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Insiders Place Their Bets

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 2,065 shares of Cisco Systems stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $60.70, for a total value of $125,345.50. Following the completion of the sale, the executive vice president now owns 191,184 shares of the company's stock, valued at approximately $11,604,868.80. This trade represents a 1.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Maria Victoria Wong sold 762 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $60.99, for a total value of $46,474.38. Following the completion of the transaction, the senior vice president now owns 44,155 shares in the company, valued at approximately $2,693,013.45. This trade represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,547 shares of company stock valued at $4,275,553. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Stock Down 0.5 %

CSCO stock traded down $0.32 on Friday, reaching $60.30. 65,885,624 shares of the company traded hands, compared to its average volume of 17,996,800. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $66.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79. The company has a market cap of $239.89 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 4.16 and a beta of 0.79. The firm has a fifty day simple moving average of $61.95 and a 200-day simple moving average of $58.05.

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

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be issued a $0.41 dividend. This is a positive change from Cisco Systems's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.72%. Cisco Systems's dividend payout ratio (DPR) is presently 71.62%.

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

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.