Tradewinds LLC. Sells 1,574 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Tradewinds LLC. lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 8.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,392 shares of the network equipment provider’s stock after selling 1,574 shares during the period. Tradewinds LLC.’s holdings in Cisco Systems were worth $1,024,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CSCO. FPC Investment Advisory Inc. bought a new position in shares of Cisco Systems in the fourth quarter valued at $26,000. Runnymede Capital Advisors Inc. acquired a new stake in Cisco Systems in the fourth quarter valued at $30,000. Campbell Capital Management Inc. bought a new position in shares of Cisco Systems in the 4th quarter valued at about $31,000. Highline Wealth Partners LLC increased its stake in shares of Cisco Systems by 76.7% during the 4th quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider’s stock worth $35,000 after purchasing an additional 260 shares during the last quarter. Finally, Synergy Investment Management LLC bought a new stake in shares of Cisco Systems in the 4th quarter valued at about $36,000. 73.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. StockNews.com downgraded Cisco Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 5th. Melius raised Cisco Systems from a “hold” rating to a “buy” rating and raised their price target for the company from $66.00 to $73.00 in a report on Monday, January 6th. Morgan Stanley upped their price objective on shares of Cisco Systems from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Piper Sandler restated a “neutral” rating on shares of Cisco Systems in a research note on Thursday, March 6th. Finally, Wells Fargo & Company reissued an “equal weight” rating on shares of Cisco Systems in a report on Thursday, March 6th. Seven equities 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.63.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO opened at $61.71 on Tuesday. The company’s 50 day simple moving average is $62.14 and its 200 day simple moving average is $58.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $66.50. The stock has a market capitalization of $245.50 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 4.16 and a beta of 0.79.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. As a group, research analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 2.66%. Cisco Systems’s payout ratio is 71.62%.

Cisco Systems announced that its board has authorized a share buyback plan on Wednesday, February 12th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the network equipment provider to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, EVP Thimaya K. Subaiya sold 2,065 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $60.70, for a total transaction of $125,345.50. Following the sale, the executive vice president now directly owns 191,184 shares in the company, valued at approximately $11,604,868.80. The trade was a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Maria Victoria Wong sold 762 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $60.99, for a total transaction of $46,474.38. Following the completion of the transaction, the senior vice president now owns 44,155 shares of the company’s stock, valued at approximately $2,693,013.45. This trade represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,547 shares of company stock worth $4,275,553 in the last three months. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Company Profile

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.