9,430 Shares in Cisco Systems, Inc. (NASDAQ:CSCO) Purchased by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas purchased a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,430 shares of the network equipment provider's stock, valued at approximately $502,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CSCO. Aviso Wealth Management lifted its holdings in shares of Cisco Systems by 2.4% during the 3rd quarter. Aviso Wealth Management now owns 7,615 shares of the network equipment provider's stock valued at $405,000 after purchasing an additional 181 shares in the last quarter. Waypoint Capital Advisors LLC lifted its stake in Cisco Systems by 2.9% in the third quarter. Waypoint Capital Advisors LLC now owns 6,497 shares of the network equipment provider's stock valued at $346,000 after acquiring an additional 182 shares during the last quarter. Andina Capital Management LLC raised its stake in Cisco Systems by 3.6% in the third quarter. Andina Capital Management LLC now owns 5,249 shares of the network equipment provider's stock valued at $279,000 after buying an additional 182 shares during the period. Wealth Dimensions Group Ltd. grew its stake in Cisco Systems by 1.6% in the 3rd quarter. Wealth Dimensions Group Ltd. now owns 11,372 shares of the network equipment provider's stock valued at $605,000 after buying an additional 182 shares during the last quarter. Finally, Meridian Financial Partners LLC boosted its position in shares of Cisco Systems by 3.8% in the third quarter. Meridian Financial Partners LLC now owns 5,020 shares of the network equipment provider's stock valued at $267,000 after acquiring an additional 185 shares during the period. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Activity

In other news, CFO Richard Scott Herren sold 86,351 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $4,964,318.99. Following the completion of the sale, the chief financial officer now owns 365,314 shares in the company, valued at approximately $21,001,901.86. This trade represents a 19.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thimaya K. Subaiya sold 21,230 shares of the company's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $57.07, for a total transaction of $1,211,596.10. Following the completion of the transaction, the executive vice president now owns 213,834 shares in the company, valued at $12,203,506.38. This represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 353,522 shares of company stock valued at $20,349,721 over the last ninety days. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Trading Down 0.4 %

CSCO traded down $0.23 during trading on Friday, reaching $58.62. 14,129,777 shares of the company's stock were exchanged, compared to its average volume of 19,074,041. The firm has a fifty day moving average price of $57.13 and a two-hundred day moving average price of $51.36. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $60.23. The stock has a market capitalization of $233.47 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 4.37 and a beta of 0.85. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The business had revenue of $13.84 billion during the quarter, compared to the consensus estimate of $13.78 billion. During the same period in the prior year, the firm posted $0.98 EPS. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. As a group, equities research analysts forecast that Cisco Systems, Inc. will post 2.97 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Friday, January 3rd. Cisco Systems's payout ratio is 68.67%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CSCO. UBS Group upped their price target on Cisco Systems from $55.00 to $62.00 and gave the stock a "neutral" rating in a research note on Thursday, November 14th. Citigroup upped their target price on shares of Cisco Systems from $62.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. JPMorgan Chase & Co. raised Cisco Systems from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $55.00 to $66.00 in a report on Monday, November 11th. Piper Sandler boosted their price objective on Cisco Systems from $52.00 to $57.00 and gave the company a "neutral" rating in a research report on Thursday, November 14th. Finally, Barclays lifted their price target on shares of Cisco Systems from $49.00 to $56.00 and gave the company an "equal weight" rating in a report on Thursday, November 14th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.94.

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.