Schnieders Capital Management LLC Trims Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Schnieders Capital Management LLC lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 17.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,938 shares of the network equipment provider’s stock after selling 10,039 shares during the quarter. Schnieders Capital Management LLC’s holdings in Cisco Systems were worth $2,472,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CSCO. Kathleen S. Wright Associates Inc. purchased a new stake in Cisco Systems in the 3rd quarter worth approximately $27,000. Valued Wealth Advisors LLC purchased a new stake in shares of Cisco Systems in the fourth quarter valued at $32,000. Morton Brown Family Wealth LLC increased its stake in Cisco Systems by 41.9% in the fourth quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 208 shares during the last quarter. Bourgeon Capital Management LLC lifted its position in Cisco Systems by 3,500.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock worth $36,000 after buying an additional 700 shares during the period. Finally, Rakuten Securities Inc. acquired a new stake in Cisco Systems in the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Up 0.4 %

CSCO stock traded up $0.18 during trading on Tuesday, reaching $48.32. The stock had a trading volume of 16,239,196 shares, compared to its average volume of 19,471,814. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14. The firm has a fifty day moving average price of $49.01 and a 200 day moving average price of $50.13. The company has a market capitalization of $195.66 billion, a P/E ratio of 14.69, a PEG ratio of 2.77 and a beta of 0.87. Cisco Systems, Inc. has a 1-year low of $45.56 and a 1-year high of $58.19.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 EPS 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 for the quarter, compared to analysts’ expectations of $12.71 billion. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The company’s revenue was down 5.9% compared to the same quarter last year. On average, equities analysts anticipate that Cisco Systems, Inc. will post 3.14 earnings per share for the current year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 3.31%. Cisco Systems’s dividend payout ratio is currently 48.63%.

Insider Activity

In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the sale, the chief financial officer now owns 328,491 shares in the company, valued at $16,424,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems stock in a transaction dated 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 transaction, the senior vice president now directly owns 58,121 shares of the company’s stock, valued at approximately $2,906,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard Scott Herren sold 13,942 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $50.00, for a total transaction of $697,100.00. Following the sale, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,441 shares of company stock worth $972,080. 0.02% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CSCO has been the topic of several recent analyst reports. Morgan Stanley initiated coverage on shares of Cisco Systems in a report on Tuesday, April 9th. They set an “overweight” rating and a $58.00 price objective on the stock. Citigroup began coverage on shares of Cisco Systems in a research note on Friday, April 12th. They set a “neutral” rating and a $52.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, April 9th. Barclays increased their target price on Cisco Systems from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Finally, UBS Group lifted their target price on Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $55.53.

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.