Brookstone Capital Management Buys 3,777 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Brookstone Capital Management increased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 6.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,860 shares of the network equipment provider’s stock after purchasing an additional 3,777 shares during the period. Brookstone Capital Management’s holdings in Cisco Systems were worth $2,856,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Delos Wealth Advisors LLC lifted its position in Cisco Systems by 1,666.7% in the 4th quarter. Delos Wealth Advisors LLC now owns 636 shares of the network equipment provider’s stock valued at $32,000 after acquiring an additional 600 shares in the last quarter. DiNuzzo Private Wealth Inc. purchased a new position in shares of Cisco Systems in the fourth quarter worth $33,000. Retirement Group LLC lifted its holdings in shares of Cisco Systems by 56.8% during the first quarter. Retirement Group LLC now owns 726 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 263 shares in the last quarter. Tidemark LLC purchased a new stake in shares of Cisco Systems during the fourth quarter valued at $41,000. Finally, Redmont Wealth Advisors LLC bought a new stake in Cisco Systems in the 1st quarter worth about $41,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Trading Up 1.9 %

CSCO stock traded up $0.93 during mid-day trading on Friday, reaching $49.46. 27,424,886 shares of the stock traded hands, compared to its average volume of 19,935,170. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $58.19. The stock has a market capitalization of $199.27 billion, a PE ratio of 16.65, a PEG ratio of 2.97 and a beta of 0.85. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.89. The business has a 50-day moving average price of $46.74 and a two-hundred day moving average price of $47.91.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The company had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $13.53 billion. During the same period in the prior year, the firm posted $1.01 EPS. The firm’s revenue was down 10.3% compared to the same quarter last year. Equities research analysts expect that Cisco Systems, Inc. will post 3.14 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.23%. The ex-dividend date is Wednesday, October 2nd. Cisco Systems’s dividend payout ratio is presently 53.87%.

Analysts Set New Price Targets

CSCO has been the subject of several research reports. Hsbc Global Res raised shares of Cisco Systems to a “strong-buy” rating in a report on Friday. Jefferies Financial Group lowered their price target on Cisco Systems from $56.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday. StockNews.com cut Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. JPMorgan Chase & Co. increased their target price on Cisco Systems from $53.00 to $55.00 and gave the company a “hold” rating in a report on Thursday, August 8th. Despite investors’ hopes for a rebound in Networking Equipment demand to boost Cisco’s fourth-quarter 2024 performance, the anticipation is tempered by limited indications of a significant recovery in demand. Finally, Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research note on Thursday. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $56.70.

Insider Activity at Cisco Systems

In other news, SVP Maria Victoria Wong sold 762 shares of Cisco Systems stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $45.42, for a total transaction of $34,610.04. Following the completion of the sale, the senior vice president now owns 51,788 shares of the company’s stock, valued at $2,352,210.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Maria Victoria Wong sold 762 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $45.42, for a total transaction of $34,610.04. Following the transaction, the senior vice president now owns 51,788 shares in the company, valued at $2,352,210.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Deborah L. Stahlkopf sold 2,619 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $45.34, for a total transaction of $118,745.46. Following the completion of the sale, the executive vice president now directly owns 176,384 shares of the company’s stock, valued at $7,997,250.56. The disclosure for this sale can be found here. Insiders sold 33,090 shares of company stock worth $1,522,231 in the last 90 days. 0.02% of the stock is owned by corporate insiders.

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.