Red Mountain Financial LLC recently acquired a new stake in Cisco Systems, Inc. in the fourth quarter, purchasing 6,876 shares of the company’s stock valued at $347,000. Other hedge funds and institutional investors have also increased their holdings in CSCO. Valued Wealth Advisors LLC, Delos Wealth Advisors LLC, DiNuzzo Private Wealth Inc., Morton Brown Family Wealth LLC, and Bourgeon Capital Management LLC are among those who have bought or increased their positions in Cisco Systems in recent months.
Several Wall Street analyst firms have published reports on CSCO, with a range of ratings including neutral, overweight, and hold. Cisco Systems shares fell 1.2% on Monday, trading at $45.12 per share. The company’s market capitalization is $181.78 billion, with a PE ratio of 15.38 and a beta of 0.86. Cisco Systems last released its quarterly earnings data on May 15th, reporting earnings per share of $0.88 for the quarter. The company also announced a quarterly dividend of $0.40 per share, with an ex-dividend date of July 5th.
Insider activity at Cisco Systems includes senior vice president Maria Victoria Wong selling shares of the company’s stock in June. Other executives, including Deborah L. Stahlkopf, have also sold shares recently. In total, insiders have sold 41,106 shares of company stock worth $1,908,923. Cisco Systems designs, manufactures, and sells Internet protocol-based networks and related products, offering a range of networking, switching, routing, wireless, and computing solutions.
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https://www.defenseworld.net/2024/06/17/red-mountain-financial-llc-purchases-shares-of-6876-cisco-systems-inc-nasdaqcsco.html