SeaBridge Investment Advisors LLC Takes Position in Cisco Systems, Inc. (NASDAQ:CSCO)

SeaBridge Investment Advisors LLC acquired a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,932 shares of the network equipment provider's stock, valued at approximately $351,000.

A number of other institutional investors also recently modified their holdings of the company. West Financial Advisors LLC raised its position in Cisco Systems by 116.6% in the 3rd quarter. West Financial Advisors LLC now owns 574 shares of the network equipment provider's stock worth $31,000 after purchasing an additional 309 shares during the last quarter. Highline Wealth Partners LLC boosted its holdings in Cisco Systems by 76.7% during the fourth quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider's stock worth $35,000 after purchasing an additional 260 shares during the last quarter. Quarry LP increased its holdings in Cisco Systems by 222.4% during the second quarter. Quarry LP now owns 661 shares of the network equipment provider's stock worth $31,000 after buying an additional 456 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new position in Cisco Systems during the third quarter worth about $40,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Cisco Systems in the fourth quarter valued at approximately $49,000. Institutional investors own 73.33% of the company's stock.

Insiders Place Their Bets

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 21,230 shares of the firm's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $57.07, for a total value of $1,211,596.10. Following the transaction, the executive vice president now directly owns 213,834 shares of the company's stock, valued at approximately $12,203,506.38. This trade represents a 9.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Maria Victoria Wong sold 4,881 shares of the business's 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 owns 51,931 shares in the company, valued at $3,101,838.63. The trade was a 8.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 353,522 shares of company stock valued at $20,349,721. 0.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CSCO. Bank of America increased their price target on shares of Cisco Systems from $60.00 to $72.00 and gave the company 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 lifted their target price for the stock from $55.00 to $66.00 in a report on Monday, November 11th. Piper Sandler raised their price target on shares of Cisco Systems from $52.00 to $57.00 and gave the stock a "neutral" rating in a research report on Thursday, November 14th. Wells Fargo & Company boosted their price objective on shares of Cisco Systems from $57.00 to $60.00 and gave the company an "equal weight" rating in a report on Thursday, November 14th. Finally, Melius upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and lifted their price target for the company from $66.00 to $73.00 in a research report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $62.72.

Cisco Systems Trading Up 1.9 %

CSCO traded up $1.15 during midday trading on Wednesday, reaching $62.49. 9,619,252 shares of the company's stock traded hands, compared to its average volume of 18,356,766. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $62.49. The stock has a market capitalization of $248.86 billion, a price-to-earnings ratio of 26.81, a P/E/G ratio of 4.51 and a beta of 0.84. The firm has a fifty day moving average of $59.52 and a two-hundred day moving average of $54.77. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80.

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

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.56%. Cisco Systems's dividend payout ratio is 68.67%.

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.