Cisco Systems, Inc. (NASDAQ:CSCO) is Seizert Capital Partners LLC's 5th Largest Position

Seizert Capital Partners LLC lifted its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 7.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,146,732 shares of the network equipment provider's stock after buying an additional 75,579 shares during the quarter. Cisco Systems comprises 3.1% of Seizert Capital Partners LLC's portfolio, making the stock its 5th biggest holding. Seizert Capital Partners LLC's holdings in Cisco Systems were worth $67,887,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Swedbank AB grew its holdings in Cisco Systems by 0.6% during the 3rd quarter. Swedbank AB now owns 9,029,594 shares of the network equipment provider's stock valued at $480,555,000 after buying an additional 52,711 shares in the last quarter. Clear Creek Financial Management LLC raised its position in Cisco Systems by 9.8% during the 3rd quarter. Clear Creek Financial Management LLC now owns 7,772 shares of the network equipment provider's stock valued at $414,000 after purchasing an additional 695 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Cisco Systems by 0.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 46,809 shares of the network equipment provider's stock valued at $2,491,000 after purchasing an additional 226 shares in the last quarter. Catalyst Capital Advisors LLC raised its position in Cisco Systems by 23.7% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 68,642 shares of the network equipment provider's stock valued at $3,653,000 after purchasing an additional 13,130 shares in the last quarter. Finally, Moloney Securities Asset Management LLC raised its position in Cisco Systems by 1.0% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 66,055 shares of the network equipment provider's stock valued at $3,515,000 after purchasing an additional 642 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Activity

In related news, EVP Deborah L. Stahlkopf sold 11,808 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $64.37, for a total value of $760,080.96. Following the completion of the transaction, the executive vice president now owns 200,191 shares of the company's stock, valued at approximately $12,886,294.67. This represents a 5.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Robbins sold 31,983 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $64.41, for a total value of $2,060,025.03. Following the transaction, the chief executive officer now directly owns 736,120 shares of the company's stock, valued at $47,413,489.20. The trade was a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 74,848 shares of company stock valued at $4,767,206 in the last quarter. 0.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on CSCO. Morgan Stanley lifted their target price on Cisco Systems from $62.00 to $68.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. Piper Sandler boosted their price target on Cisco Systems from $57.00 to $72.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Bank of America boosted their price target on Cisco Systems from $60.00 to $72.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. BNP Paribas raised Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 price target for the company in a research report on Tuesday, January 28th. Finally, Melius Research raised Cisco Systems from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Cisco Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.63.

Cisco Systems Stock Performance

Cisco Systems stock traded up $0.70 during trading hours on Wednesday, hitting $63.96. 14,930,577 shares of the stock traded hands, compared to its average volume of 19,941,484. The stock has a market capitalization of $254.45 billion, a price-to-earnings ratio of 27.93, a P/E/G ratio of 4.16 and a beta of 0.84. The firm's 50 day moving average price is $61.47 and its 200-day moving average price is $57.20. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $66.50.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share (EPS) 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%. As a group, equities analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 12th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the network equipment provider to buy up to 6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Thursday, April 3rd. This is a boost from Cisco Systems's previous quarterly dividend of $0.40. Cisco Systems's payout ratio is 71.62%.

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.