Financial Planning Hawaii Inc. Takes $2.28 Million Position in Cisco Systems, Inc. $CSCO

Financial Planning Hawaii Inc. acquired a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 29,599 shares of the network equipment provider’s stock, valued at approximately $2,280,000. Cisco Systems accounts for about 1.3% of Financial Planning Hawaii Inc.’s investment portfolio, making the stock its 18th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of CSCO. apricus wealth LLC increased its holdings in Cisco Systems by 1.4% in the fourth quarter. apricus wealth LLC now owns 55,798 shares of the network equipment provider’s stock valued at $4,298,000 after buying an additional 767 shares during the last quarter. Northstar Advisory Group LLC lifted its holdings in Cisco Systems by 1.6% during the 4th quarter. Northstar Advisory Group LLC now owns 8,203 shares of the network equipment provider’s stock worth $632,000 after buying an additional 133 shares during the last quarter. CLG LLC acquired a new position in shares of Cisco Systems during the 4th quarter worth about $207,000. Mn Services Vermogensbeheer B.V. boosted its position in shares of Cisco Systems by 2.0% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 1,540,806 shares of the network equipment provider’s stock worth $118,688,000 after acquiring an additional 30,915 shares in the last quarter. Finally, Private Advisory Group LLC increased its holdings in shares of Cisco Systems by 5.4% in the 4th quarter. Private Advisory Group LLC now owns 3,935 shares of the network equipment provider’s stock valued at $303,000 after acquiring an additional 202 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Stock Down 3.6%

Shares of NASDAQ CSCO opened at $77.04 on Tuesday. The business has a 50-day moving average price of $79.01 and a 200 day moving average price of $75.41. The stock has a market cap of $304.30 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 3.02 and a beta of 0.87. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 0.45. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $88.18.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.02 by $0.02. Cisco Systems had a return on equity of 27.88% and a net margin of 19.22%.The company had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.11 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. Equities research analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Thursday, April 2nd will be given a $0.42 dividend. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.41. The ex-dividend date is Thursday, April 2nd. This represents a $1.68 annualized dividend and a yield of 2.2%. Cisco Systems’s payout ratio is currently 57.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CSCO shares. UBS Group boosted their target price on Cisco Systems from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Morgan Stanley increased their price target on shares of Cisco Systems from $82.00 to $91.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. Rosenblatt Securities restated a “buy” rating and set a $100.00 price objective on shares of Cisco Systems in a research report on Thursday, February 12th. Weiss Ratings restated a “buy (b)” rating on shares of Cisco Systems in a report on Tuesday, January 27th. Finally, CICC Research increased their target price on shares of Cisco Systems from $84.00 to $96.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.55.

Insider Activity

In related news, CEO Charles Robbins sold 19,545 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $76.00, for a total transaction of $1,485,420.00. Following the transaction, the chief executive officer owned 671,095 shares of the company’s stock, valued at $51,003,220. This trade represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Thimaya K. Subaiya sold 1,744 shares of Cisco Systems stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $77.07, for a total value of $134,410.08. Following the completion of the transaction, the executive vice president owned 156,693 shares in the company, valued at $12,076,329.51. This trade represents a 1.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 46,431 shares of company stock worth $3,574,820 over the last 90 days. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.