Arnhold LLC increased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 482,446 shares of the network equipment provider's stock after buying an additional 3,458 shares during the quarter. Cisco Systems comprises 2.8% of Arnhold LLC's portfolio, making the stock its 5th largest holding. Arnhold LLC's holdings in Cisco Systems were worth $22,984,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in shares of Cisco Systems during the 3rd quarter valued at $231,000. Grimes & Company Inc. lifted its position in shares of Cisco Systems by 3.3% during the 3rd quarter. Grimes & Company Inc. now owns 491,646 shares of the network equipment provider's stock valued at $19,666,000 after acquiring an additional 15,808 shares during the last quarter. Murphy Pohlad Asset Management LLC lifted its position in shares of Cisco Systems by 8.1% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 45,473 shares of the network equipment provider's stock valued at $1,823,000 after acquiring an additional 3,415 shares during the last quarter. Renaissance Group LLC lifted its position in shares of Cisco Systems by 1.2% during the 3rd quarter. Renaissance Group LLC now owns 21,616 shares of the network equipment provider's stock valued at $865,000 after acquiring an additional 248 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Cisco Systems by 1.3% in the third quarter. Gamco Investors INC. ET AL now owns 19,873 shares of the network equipment provider's stock valued at $795,000 after purchasing an additional 250 shares in the last quarter. 71.10% of the stock is owned by institutional investors.

Cisco Systems Stock Up 1.5 %

Cisco Systems stock traded up $0.69 during mid-day trading on Friday, hitting $47.25. 19,664,960 shares of the company's stock were exchanged, compared to its average volume of 17,544,448. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 0.18. The stock has a market cap of $193.53 billion, a P/E ratio of 17.31, a P/E/G ratio of 2.15 and a beta of 1.00. Cisco Systems, Inc. has a 1-year low of $38.60 and a 1-year high of $52.56. The stock has a 50 day moving average of $49.57 and a two-hundred day moving average of $47.78.

Cisco Systems (NASDAQ:CSCO – Get Rating) last posted its earnings results on Wednesday, February 15th. The network equipment provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.76 by $0.12. The firm had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $13.41 billion. Cisco Systems had a net margin of 21.26% and a return on equity of 31.19%. The business's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 earnings per share. As a group, analysts anticipate that Cisco Systems, Inc. will post 3.33 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 5th were given a $0.39 dividend. This is an increase from Cisco Systems's previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Tuesday, April 4th. Cisco Systems's dividend payout ratio (DPR) is currently 57.14%.

Insider Activity

In other news, CEO Charles Robbins sold 20,117 shares of the firm's stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $49.08, for a total value of $987,342.36. Following the sale, the chief executive officer now directly owns 798,970 shares of the company's stock, valued at $39,213,447.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Charles Robbins sold 20,117 shares of the firm's stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $49.08, for a total value of $987,342.36. Following the sale, the chief executive officer now directly owns 798,970 shares of the company's stock, valued at $39,213,447.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Deborah L. Stahlkopf sold 3,142 shares of the firm's stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $48.78, for a total value of $153,266.76. Following the completion of the sale, the executive vice president now directly owns 180,697 shares in the company, valued at $8,814,399.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,568 shares of company stock valued at $2,376,624. 0.02% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on CSCO. Rosenblatt Securities increased their target price on Cisco Systems from $51.00 to $53.00 and gave the company a "neutral" rating in a report on Thursday, February 16th. Tigress Financial restated a "buy" rating and issued a $73.00 target price on shares of Cisco Systems in a report on Friday, March 17th. Piper Sandler increased their target price on Cisco Systems from $49.00 to $53.00 and gave the company a "neutral" rating in a report on Thursday, February 16th. StockNews.com lowered Cisco Systems from a "strong-buy" rating to a "buy" rating in a report on Thursday. Finally, Morgan Stanley increased their target price on Cisco Systems from $52.00 to $55.00 and gave the company an "equal weight" rating in a report on Thursday, February 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.38.

Cisco Systems Company Profile

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Cisco Systems, Inc engages in the design, manufacture, and sale of Internet Protocol-based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its products include the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security.

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