Requisite Capital Management LLC Invests in Cisco Systems, Inc. (NASDAQ:CSCO)

Requisite Capital Management LLC has made a new investment in Cisco Systems, Inc. (NASDAQ:CSCO) during the fourth quarter, as detailed in its recent 13F filing submitted to the Securities and Exchange Commission (SEC). The investment firm acquired 28,217 shares of Cisco's stock, ascribed a value of approximately $1,670,000. This investment accounts for around 0.3% of Requisite Capital Management LLC's overall portfolio, positioning Cisco as the fund's 23rd largest holding.

A range of other significant investors have also adjusted their stakes in Cisco Systems. Pflug Koory LLC increased its stake in Cisco by 0.5% in the fourth quarter, bringing their total shares to 33,026, which is valued at $1,955,000 following an additional purchase of 165 shares. Similarly, Beaumont Financial Advisors LLC enhanced its position by 1.7%, now holding 10,591 shares worth $627,000 after acquiring an additional 173 shares during the same period. SeaCrest Wealth Management LLC raised its holdings by 0.6%, owning 31,744 shares valued at $1,879,000 after buying 178 more shares. Aviso Wealth Management expanded its position in the third quarter by 2.4%, owning 7,615 shares valued at $405,000 after acquiring 181 additional shares. Lastly, Waypoint Capital Advisors LLC increased its investments by 2.9% in the third quarter, owning 6,497 shares valued at $346,000.

Insider Trading Activity at Cisco Systems

In recent developments, Cisco's CEO Charles Robbins sold 171,744 shares of the company on November 15, with an average selling price of $57.49. The transaction totaled $9,873,562.56, resulting in Robbins owning 783,786 shares worth approximately $45,059,857.14. This sale signifies a 17.97% reduction in his ownership. Another significant transaction involved EVP Thimaya K. Subaiya, who sold 21,230 shares on November 20 at an average price of $57.07, totaling $1,211,596.10. Post-sale, Subaiya holds 213,834 shares valued at $12,203,506.38, reflecting a 9.03% reduction. Insights from insider trading indicate that over the past three months, insiders have collectively sold 353,522 shares, valued at $20,349,721. Currently, corporate insiders hold only 0.01% of the company's stock.

Cisco Systems Stock Performance Overview

The stock price for Cisco Systems (NASDAQ:CSCO) opened at $62.23. The stock has a 50-day moving average of $59.22 and a 200-day moving average of $54.03. Over the past year, shares have experienced a low of $44.50 and a high of $62.31. The company's total market capitalization stands at $247.85 billion, with a price-to-earnings ratio of 26.71 and a price-to-earnings-growth ratio of 4.59. Cisco has a debt-to-equity ratio of 0.43, current ratio of 0.88, and a quick ratio of 0.80.

Cisco Systems recently reported its quarterly earnings on November 13, where it announced earnings of $0.91 per share, surpassing the estimated $0.87 by $0.04. The company reported a net margin of 17.73% and a return on equity of 25.70% with revenue of $13.84 billion, exceeding the anticipated $13.78 billion. In comparison to the same quarter last year, revenues have decreased by 5.6%. Analysts project that Cisco will report earnings of $2.97 per share for the current fiscal year.

Cisco's Dividend Announcement

Cisco Systems has declared a quarterly dividend, which was disbursed on January 22. Shareholders recorded on January 3 received a dividend of $0.40 each, amounting to an annualized dividend of $1.60, equivalent to a yield of 2.57%. The ex-dividend date for this payout was January 3, and the current dividend payout ratio is 68.67%.

Recent Analyst Ratings and Changes

About Cisco Systems

Cisco Systems, Inc. designs, creates, and sells products tied to Internet Protocol networking and various related technologies worldwide, including the Americas, Europe, the Middle East, Africa, Asia Pacific, Japan, and China. Their product range includes campus and data center switching, enterprise routing for secure connections, wireless access points, and unified computing systems amongst other innovative technologies.

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