Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Schrum Private Wealth Management LLC

Schrum Private Wealth Management LLC decreased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 52.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,768 shares of the network equipment provider’s stock after selling 5,328 shares during the period. Schrum Private Wealth Management LLC’s holdings in Cisco Systems were worth $282,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. acquired a new stake in Cisco Systems during the fourth quarter valued at $26,000. Highline Wealth Partners LLC raised its holdings in Cisco Systems by 76.7% in the 4th quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider’s stock worth $35,000 after acquiring an additional 260 shares during the period. Synergy Investment Management LLC acquired a new stake in shares of Cisco Systems in the fourth quarter valued at about $36,000. RPg Family Wealth Advisory LLC acquired a new stake in Cisco Systems in the 3rd quarter valued at approximately $40,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Cisco Systems in the fourth quarter worth $49,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cisco Systems news, CEO Charles Robbins sold 31,983 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Richard Scott Herren sold 19,929 shares of Cisco Systems stock in a transaction on Friday, February 14th. The shares were sold at an average price of $64.41, for a total transaction of $1,283,626.89. Following the completion of the transaction, the chief financial officer now owns 335,605 shares in the company, valued at approximately $21,616,318.05. This represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 74,848 shares of company stock worth $4,767,206 in the last quarter. 0.01% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CSCO shares. Melius upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and lifted their price target for the stock from $66.00 to $73.00 in a research note on Monday, January 6th. Wells Fargo & Company upped their price objective on shares of Cisco Systems from $60.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 13th. Morgan Stanley lifted their price target on Cisco Systems from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. StockNews.com cut shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, Citigroup boosted their target price on Cisco Systems from $71.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and an average price target of $66.63.

Cisco Systems Stock Up 1.1 %

Shares of CSCO stock opened at $63.96 on Thursday. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $66.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87. The firm has a market capitalization of $254.45 billion, a PE ratio of 27.93, a P/E/G ratio of 4.16 and a beta of 0.79. The stock’s 50-day simple moving average is $61.47 and its 200-day simple moving average is $57.20.

Cisco Systems (NASDAQ:CSCO) last released its quarterly 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 return on equity of 26.08% and a net margin of 16.96%. Equities analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 12th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the network equipment provider to buy up to 6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.56%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.40. Cisco Systems’s dividend payout ratio is currently 71.62%.

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.