Compagnie Lombard Odier SCmA Sells 23,811 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Compagnie Lombard Odier SCmA decreased its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 2.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 809,764 shares of the network equipment provider's stock after selling 23,811 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Cisco Systems were worth $43,096,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Summit Securities Group LLC acquired a new stake in shares of Cisco Systems in the 2nd quarter valued at about $25,000. Quarry LP raised its position in Cisco Systems by 222.4% during the second quarter. Quarry LP now owns 661 shares of the network equipment provider's stock valued at $31,000 after purchasing an additional 456 shares in the last quarter. West Financial Advisors LLC increased its holdings in shares of Cisco Systems by 116.6% during the third quarter. West Financial Advisors LLC now owns 574 shares of the network equipment provider's stock worth $31,000 after buying an additional 309 shares in the last quarter. Retirement Group LLC increased its holdings in Cisco Systems by 56.8% in the first quarter. Retirement Group LLC now owns 726 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 263 shares during the period. Finally, Hobbs Group Advisors LLC bought a new position in shares of Cisco Systems during the 2nd quarter worth about $36,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Trading Up 1.3 %

Shares of NASDAQ:CSCO traded up $0.71 during trading on Friday, hitting $54.25. The company had a trading volume of 12,704,525 shares, compared to its average volume of 19,161,271. The stock has a market cap of $216.50 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 4.22 and a beta of 0.83. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $54.58. The company has a fifty day simple moving average of $50.14 and a two-hundred day simple moving average of $48.40. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.91 and a quick ratio of 0.83.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $13.53 billion. During the same quarter last year, the firm earned $1.01 EPS. The business's quarterly revenue was down 10.3% on a year-over-year basis. As a group, equities analysts forecast that Cisco Systems, Inc. will post 2.9 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.95%. Cisco Systems's dividend payout ratio (DPR) is presently 62.99%.

Insider Buying and Selling at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 8,270 shares of the business's stock in a transaction that occurred on 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 owns 135,544 shares of the company's stock, valued at $6,821,929.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Cisco Systems news, EVP Thimaya K. Subaiya sold 8,270 shares of the company's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $50.33, for a total value of $416,229.10. Following the completion of the transaction, the executive vice president now directly owns 135,544 shares of the company's stock, valued at $6,821,929.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Maria Victoria Wong sold 3,379 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $50.36, for a total transaction of $170,166.44. Following the transaction, the senior vice president now directly owns 47,182 shares in the company, valued at $2,376,085.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 70,529 shares of company stock worth $3,509,049 over the last ninety days. Corporate insiders own 0.02% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on CSCO shares. Piper Sandler reissued a "neutral" rating and issued a $52.00 price target on shares of Cisco Systems in a report on Thursday, August 15th. HSBC raised shares of Cisco Systems from a "hold" rating to a "buy" rating and boosted their price objective for the company from $46.00 to $58.00 in a report on Friday, August 16th. JPMorgan Chase & Co. upped their target price on shares of Cisco Systems from $53.00 to $55.00 and gave the company a "hold" rating in a report on Thursday, August 8th. Despite investors’ hopes for a rebound in Networking Equipment demand to boost Cisco’s fourth-quarter 2024 performance, the anticipation is tempered by limited indications of a significant recovery in demand. Jefferies Financial Group dropped their target price on shares of Cisco Systems from $56.00 to $53.00 and set a "buy" rating for the company in a research report on Thursday, August 15th. Finally, Barclays reduced their target price on shares of Cisco Systems from $50.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Cisco Systems presently has an average rating of "Hold" and an average price target of $55.00.

Cisco Systems 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.