Barton Investment Management Buys Shares of 4,265 Cisco Systems, Inc. (NASDAQ:CSCO)

Barton Investment Management purchased a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,265 shares of the network equipment provider’s stock, valued at approximately $252,000.

Other institutional investors have also modified their holdings of the company. Private Management Group Inc. acquired a new stake in Cisco Systems during the 4th quarter worth approximately $220,000. Tectonic Advisors LLC raised its stake in shares of Cisco Systems by 5.9% in the fourth quarter. Tectonic Advisors LLC now owns 181,161 shares of the network equipment provider’s stock valued at $10,725,000 after acquiring an additional 10,024 shares in the last quarter. Lion Street Advisors LLC boosted its holdings in Cisco Systems by 7.3% in the fourth quarter. Lion Street Advisors LLC now owns 20,774 shares of the network equipment provider’s stock valued at $1,230,000 after purchasing an additional 1,419 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Cisco Systems by 9.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,557,874 shares of the network equipment provider’s stock worth $152,384,000 after purchasing an additional 219,831 shares in the last quarter. Finally, Virginia Wealth Management Group Inc. raised its holdings in Cisco Systems by 0.7% in the fourth quarter. Virginia Wealth Management Group Inc. now owns 74,294 shares of the network equipment provider’s stock valued at $4,398,000 after acquiring an additional 514 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cisco Systems

In related news, SVP Maria Victoria Wong sold 4,881 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $59.73, for a total transaction of $291,542.13. Following the completion of the sale, the senior vice president now directly owns 51,931 shares of the company’s stock, valued at approximately $3,101,838.63. This trade represents a 8.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard Scott Herren sold 86,351 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $4,964,318.99. Following the completion of the transaction, the chief financial officer now owns 365,314 shares in the company, valued at $21,001,901.86. This represents a 19.12 % decrease in their position. 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. Corporate insiders own 0.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Piper Sandler increased their price objective on Cisco Systems from $52.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Citigroup lifted their target price on Cisco Systems from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. UBS Group raised their target price on shares of Cisco Systems from $55.00 to $62.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Barclays upped their price target on shares of Cisco Systems from $49.00 to $56.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Finally, StockNews.com raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $62.72.

Cisco Systems Stock Up 2.0 %

CSCO opened at $62.57 on Thursday. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $62.71. The business has a 50-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. The stock has a market capitalization of $249.20 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 4.51 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The company had revenue of $13.84 billion during the quarter, compared to analysts’ expectations of $13.78 billion. During the same period in the previous year, the company earned $0.98 EPS. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, research analysts expect that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Friday, January 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 68.67%.

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.