Cisco Systems, Inc. (NASDAQ:CSCO) Stock Position Lowered by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC lessened its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,226 shares of the network equipment provider’s stock after selling 475 shares during the period. Teamwork Financial Advisors LLC’s holdings in Cisco Systems were worth $618,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealthspire Advisors LLC raised its stake in shares of Cisco Systems by 48.1% in the 3rd quarter. Wealthspire Advisors LLC now owns 71,385 shares of the network equipment provider’s stock worth $3,838,000 after buying an additional 23,194 shares in the last quarter. HBK Sorce Advisory LLC grew its holdings in shares of Cisco Systems by 0.5% in the 3rd quarter. HBK Sorce Advisory LLC now owns 64,136 shares of the network equipment provider’s stock worth $3,448,000 after acquiring an additional 301 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of Cisco Systems by 1.1% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 4,470,521 shares of the network equipment provider’s stock worth $240,335,000 after acquiring an additional 49,700 shares during the last quarter. Waverly Advisors LLC grew its holdings in shares of Cisco Systems by 140.8% in the 3rd quarter. Waverly Advisors LLC now owns 46,753 shares of the network equipment provider’s stock worth $2,513,000 after acquiring an additional 27,337 shares during the last quarter. Finally, GHE LLC grew its holdings in shares of Cisco Systems by 0.9% in the 3rd quarter. GHE LLC now owns 34,431 shares of the network equipment provider’s stock worth $1,851,000 after acquiring an additional 292 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling

In related news, SVP Maria Victoria Wong sold 2,497 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total transaction of $124,850.00. Following the transaction, the senior vice president now directly owns 58,121 shares in the company, valued at $2,906,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the transaction, the executive vice president now directly owns 191,559 shares in the company, valued at $9,579,865.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the completion of the sale, the senior vice president now owns 58,121 shares in the company, valued at $2,906,050. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,441 shares of company stock valued at $972,080. Insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

CSCO has been the topic of a number of recent research reports. UBS Group lifted their target price on Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Melius Research restated a “hold” rating and issued a $55.00 target price on shares of Cisco Systems in a research note on Monday, January 8th. Melius downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Wells Fargo & Company assumed coverage on Cisco Systems in a research note on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 target price on the stock. Finally, Piper Sandler boosted their target price on Cisco Systems from $47.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $56.42.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO traded up $0.14 during trading hours on Friday, hitting $49.91. 18,139,735 shares of the company’s stock were exchanged, compared to its average volume of 20,822,376. Cisco Systems, Inc. has a 1-year low of $45.56 and a 1-year high of $58.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26. The stock has a market capitalization of $202.10 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 2.25 and a beta of 0.87. The company’s 50-day moving average price is $49.75 and its 200-day moving average price is $50.92.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The business had revenue of $12.79 billion during the quarter, compared to analysts’ expectations of $12.71 billion. During the same quarter in the previous year, the firm earned $0.76 EPS. The firm’s revenue was down 5.9% compared to the same quarter last year. On average, sell-side analysts expect that Cisco Systems, Inc. will post 3.16 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Wednesday, April 3rd. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s payout ratio is currently 47.42%.

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.