Centaurus Financial Inc. Has $852,000 Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Centaurus Financial Inc. raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) by 8.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,297 shares of the network equipment provider’s stock after buying an additional 1,614 shares during the period. Centaurus Financial Inc.’s holdings in Cisco Systems were worth $852,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Empowered Funds LLC acquired a new stake in shares of Cisco Systems in the 3rd quarter valued at $231,000. Occudo Quantitative Strategies LP acquired a new stake in shares of Cisco Systems in the 2nd quarter valued at $1,464,000. Meiji Yasuda Life Insurance Co lifted its stake in shares of Cisco Systems by 176.7% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 27,547 shares of the network equipment provider’s stock valued at $1,175,000 after purchasing an additional 17,590 shares during the last quarter. Grimes & Company Inc. lifted its stake in shares of Cisco Systems by 3.3% in the 3rd quarter. Grimes & Company Inc. now owns 491,646 shares of the network equipment provider’s stock valued at $19,666,000 after purchasing an additional 15,808 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC lifted its stake in shares of Cisco Systems by 8.1% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 45,473 shares of the network equipment provider’s stock valued at $1,823,000 after purchasing an additional 3,415 shares during the last quarter. Institutional investors and hedge funds own 71.10% of the company’s stock.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,142 shares of the business’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $48.78, for a total value of $153,266.76. Following the transaction, the executive vice president now directly owns 180,697 shares in the company, valued at $8,814,399.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,142 shares of the business’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $48.78, for a total value of $153,266.76. Following the transaction, the executive vice president now directly owns 180,697 shares in the company, valued at $8,814,399.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 23,701 shares of the business’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $50.90, for a total transaction of $1,206,380.90. Following the completion of the transaction, the executive vice president now owns 184,853 shares in the company, valued at $9,409,017.70. The disclosure for this sale can be found here. Insiders have sold a total of 47,568 shares of company stock worth $2,376,624 over the last ninety days. Corporate insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

CSCO has been the subject of several analyst reports. Cowen lifted their price objective on shares of Cisco Systems from $61.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, February 16th. DZ Bank upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Friday, February 17th. Wells Fargo & Company lifted their target price on shares of Cisco Systems from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday, February 16th. Credit Suisse Group lifted their target price on shares of Cisco Systems from $67.00 to $69.00 and gave the stock an “outperform” rating in a report on Thursday, February 16th. Finally, Piper Sandler lifted their target price on shares of Cisco Systems from $49.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, February 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.38.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $50.19 on Friday. The stock has a market cap of $205.57 billion, a P/E ratio of 18.38, a PEG ratio of 2.26 and a beta of 1.00. The company’s 50-day simple moving average is $48.59 and its 200 day simple moving average is $46.32. Cisco Systems, Inc. has a twelve month low of $38.60 and a twelve month high of $56.94. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 0.18.

Cisco Systems (NASDAQ:CSCO – Get Rating) last posted its earnings results on Wednesday, February 15th. The network equipment provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. The business had revenue of $13.59 billion for the quarter, compared to analysts’ expectations of $13.41 billion. Cisco Systems had a net margin of 21.26% and a return on equity of 31.19%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share. As a group, research analysts forecast that Cisco Systems, Inc. will post 3.34 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 5th will be given a $0.39 dividend. The ex-dividend date is Tuesday, April 4th. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 3.11%. Cisco Systems’s payout ratio is 55.68%.

Cisco Systems Profile

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Cisco Systems, Inc engages in the design, manufacture, and sale of Internet Protocol-based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its products include the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security.