Little House Capital LLC Sells 1,028 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Little House Capital LLC lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,056 shares of the network equipment provider’s stock after selling 1,028 shares during the period. Little House Capital LLC’s holdings in Cisco Systems were worth $1,064,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Oak Thistle LLC acquired a new position in shares of Cisco Systems during the 3rd quarter worth about $505,000. Benin Management CORP boosted its stake in shares of Cisco Systems by 0.5% during the 3rd quarter. Benin Management CORP now owns 37,543 shares of the network equipment provider’s stock worth $2,018,000 after buying an additional 200 shares during the last quarter. Intergy Private Wealth LLC acquired a new position in shares of Cisco Systems during the 3rd quarter worth about $218,000. Aaron Wealth Advisors LLC boosted its stake in shares of Cisco Systems by 2.4% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 22,759 shares of the network equipment provider’s stock worth $1,224,000 after buying an additional 525 shares during the last quarter. Finally, Rezny Wealth Management Inc. acquired a new position in shares of Cisco Systems during the 3rd quarter worth about $1,046,000. Institutional investors own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CSCO shares. JPMorgan Chase & Co. assumed coverage on shares of Cisco Systems in a research note on Monday, April 22nd. They issued a “neutral” rating and a $53.00 target price for the company. Morgan Stanley began coverage on shares of Cisco Systems in a research report on Tuesday, April 9th. They issued an “overweight” rating and a $58.00 target price on the stock. Melius Research restated a “hold” rating and issued a $55.00 target price on shares of Cisco Systems in a research report on Monday, January 8th. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a report on Tuesday, April 9th. Finally, Piper Sandler lifted their price target on shares of Cisco Systems from $47.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $55.53.

Cisco Systems Price Performance

NASDAQ CSCO traded down $0.24 on Friday, hitting $47.86. The stock had a trading volume of 14,658,910 shares, compared to its average volume of 16,851,638. Cisco Systems, Inc. has a 52-week low of $45.56 and a 52-week high of $58.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.37. The company has a market capitalization of $193.79 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 2.76 and a beta of 0.87. The firm has a 50-day moving average of $48.94 and a 200-day moving average of $50.04.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.03. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The business had revenue of $12.79 billion for the quarter, compared to analysts’ expectations of $12.71 billion. During the same period in the prior year, the company posted $0.76 EPS. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. Equities analysts expect that Cisco Systems, Inc. will post 3.13 EPS for the current year.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Thursday, April 4th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $1.60 annualized dividend and a dividend yield of 3.34%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio (DPR) is currently 48.63%.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the sale, the executive vice president now owns 191,559 shares of the company’s stock, valued at approximately $9,579,865.59. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the sale, the chief financial officer now owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of Cisco Systems stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction of $150,130.02. Following the sale, the executive vice president now directly owns 191,559 shares in the company, valued at approximately $9,579,865.59. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,441 shares of company stock valued at $972,080. Insiders own 0.02% of the company’s stock.

Cisco Systems Company 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.