Hara Capital LLC Makes New Investment in Cisco Systems, Inc. (NASDAQ:CSCO)

Hara Capital LLC purchased a new stake in Cisco Systems, Inc. (NASDAQ:CSCO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,343 shares of the network equipment provider’s stock, valued at approximately $125,000.

A number of other large investors also recently made changes to their positions in the stock. Montecito Bank & Trust increased its holdings in Cisco Systems by 18.8% in the third quarter. Montecito Bank & Trust now owns 38,999 shares of the network equipment provider’s stock valued at $2,076,000 after purchasing an additional 6,174 shares during the last quarter. Vickerman Investment Advisors Inc. increased its stake in shares of Cisco Systems by 1.5% in the 3rd quarter. Vickerman Investment Advisors Inc. now owns 60,946 shares of the network equipment provider’s stock valued at $3,244,000 after acquiring an additional 929 shares during the last quarter. Jackson Square Capital LLC raised its position in shares of Cisco Systems by 145.5% in the 3rd quarter. Jackson Square Capital LLC now owns 23,380 shares of the network equipment provider’s stock valued at $1,244,000 after acquiring an additional 13,855 shares during the period. Bridgewater Advisors Inc. boosted its stake in Cisco Systems by 1.9% during the 3rd quarter. Bridgewater Advisors Inc. now owns 47,656 shares of the network equipment provider’s stock worth $2,653,000 after acquiring an additional 888 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC boosted its stake in Cisco Systems by 7.0% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 6,067 shares of the network equipment provider’s stock worth $323,000 after acquiring an additional 396 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Thimaya K. Subaiya sold 1,328 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $48.92, for a total value of $64,965.76. Following the transaction, the executive vice president now owns 132,910 shares in the company, valued at approximately $6,501,957.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Thimaya K. Subaiya sold 1,328 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $48.92, for a total value of $64,965.76. Following the sale, the executive vice president now directly owns 132,910 shares in the company, valued at approximately $6,501,957.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Thimaya K. Subaiya sold 8,270 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $50.33, for a total value of $416,229.10. Following the completion of the transaction, the executive vice president now owns 135,544 shares of the company’s stock, valued at $6,821,929.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 70,529 shares of company stock worth $3,509,049 in the last quarter. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Stock Performance

Cisco Systems stock traded up $0.04 during midday trading on Thursday, reaching $57.91. 2,112,092 shares of the company’s stock were exchanged, compared to its average volume of 18,907,045. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.83 and a current ratio of 0.91. The stock’s 50-day simple moving average is $53.00 and its 200 day simple moving average is $49.27. The firm has a market cap of $231.10 billion, a price-to-earnings ratio of 22.78, a P/E/G ratio of 4.60 and a beta of 0.83. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $58.08.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.02. The company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $13.53 billion. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The company’s revenue was down 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 earnings per share. On average, analysts expect that Cisco Systems, Inc. will post 2.89 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Wednesday, October 2nd. Cisco Systems’s dividend payout ratio is currently 62.99%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CSCO. Jefferies Financial Group cut their target price on shares of Cisco Systems from $56.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a report on Thursday, August 15th. Piper Sandler restated a “neutral” rating and issued a $52.00 price target on shares of Cisco Systems in a report on Thursday, August 15th. New Street Research upgraded Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. increased their target price on Cisco Systems from $53.00 to $55.00 and gave the stock a “hold” rating in a research note 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. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $56.74.

About Cisco Systems

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.