Cassady Schiller Wealth Management LLC Has $155,000 Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Cassady Schiller Wealth Management LLC lessened its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 40.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,620 shares of the network equipment provider’s stock after selling 1,784 shares during the period. Cassady Schiller Wealth Management LLC’s holdings in Cisco Systems were worth $155,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Counterpoint Mutual Funds LLC acquired a new position in Cisco Systems in the 4th quarter worth about $1,088,000. Signaturefd LLC increased its holdings in Cisco Systems by 5.4% in the 4th quarter. Signaturefd LLC now owns 99,797 shares of the network equipment provider’s stock worth $5,908,000 after purchasing an additional 5,126 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Cisco Systems by 2.3% in the fourth quarter. Parallel Advisors LLC now owns 102,425 shares of the network equipment provider’s stock valued at $6,064,000 after buying an additional 2,298 shares during the period. Cibc World Markets Corp increased its stake in shares of Cisco Systems by 20.2% in the fourth quarter. Cibc World Markets Corp now owns 936,952 shares of the network equipment provider’s stock valued at $55,468,000 after buying an additional 157,266 shares during the period. Finally, Arbor Capital Management Inc. ADV acquired a new stake in shares of Cisco Systems in the fourth quarter valued at about $963,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Stock Up 1.4 %

CSCO stock opened at $60.50 on Monday. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $66.50. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average is $61.79 and its 200-day moving average is $57.80. The firm has a market capitalization of $240.69 billion, a PE ratio of 26.42, a P/E/G ratio of 4.16 and a beta of 0.79.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.14). Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. Sell-side analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems announced that its board has initiated a share buyback program on Wednesday, February 12th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the network equipment provider to purchase up to 6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.71%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 71.62%.

Insider Activity at Cisco Systems

In related news, CEO Charles Robbins sold 31,983 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the completion of the sale, the chief executive officer now directly owns 736,120 shares of the company’s stock, valued at approximately $47,413,489.20. This trade represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Thimaya K. Subaiya sold 2,065 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $60.70, for a total value of $125,345.50. Following the sale, the executive vice president now directly owns 191,184 shares of the company’s stock, valued at $11,604,868.80. The trade was a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,547 shares of company stock valued at $4,275,553. 0.01% of the stock is owned by insiders.

Analyst Ratings Changes

CSCO has been the subject of several recent research reports. Barclays reissued an “equal weight” rating on shares of Cisco Systems in a research note on Thursday, March 6th. Piper Sandler reissued a “neutral” rating on shares of Cisco Systems in a research note on Thursday, March 6th. Rosenblatt Securities raised Cisco Systems from a “neutral” rating to a “buy” rating and increased their price target for the company from $66.00 to $80.00 in a research note on Thursday, February 13th. Citigroup reissued an “overweight” rating on shares of Cisco Systems in a research note on Thursday, March 6th. Finally, Melius upgraded Cisco Systems from a “hold” rating to a “buy” rating and upped their target price for the company from $66.00 to $73.00 in a research report on Monday, January 6th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.63.

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.