Paradigm Asset Management Co. LLC Has $829,000 Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Paradigm Asset Management Co. LLC cut its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 78.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,000 shares of the network equipment provider’s stock after selling 50,550 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Cisco Systems were worth $829,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. PYA Waltman Capital LLC grew its holdings in Cisco Systems by 1.9% during the fourth quarter. PYA Waltman Capital LLC now owns 18,863 shares of the network equipment provider’s stock worth $1,117,000 after buying an additional 346 shares in the last quarter. Physicians Financial Services Inc. lifted its stake in shares of Cisco Systems by 0.6% during the 4th quarter. Physicians Financial Services Inc. now owns 32,450 shares of the network equipment provider’s stock valued at $1,921,000 after buying an additional 199 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted its holdings in shares of Cisco Systems by 0.7% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 25,891 shares of the network equipment provider’s stock worth $1,533,000 after acquiring an additional 192 shares during the period. Arcadia Investment Management Corp MI grew its position in shares of Cisco Systems by 18.3% in the fourth quarter. Arcadia Investment Management Corp MI now owns 2,013 shares of the network equipment provider’s stock valued at $119,000 after purchasing an additional 311 shares in the last quarter. Finally, Cordatus Wealth Management LLC raised its stake in shares of Cisco Systems by 4.0% during the 4th quarter. Cordatus Wealth Management LLC now owns 110,290 shares of the network equipment provider’s stock valued at $6,529,000 after purchasing an additional 4,274 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CSCO has been the subject of several analyst reports. Wells Fargo & Company raised their target price on Cisco Systems from $60.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 13th. Melius upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and raised their price objective for the company from $66.00 to $73.00 in a research report on Monday, January 6th. StockNews.com lowered shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday. Rosenblatt Securities raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and raised their target price for the company from $66.00 to $80.00 in a research note on Thursday, February 13th. Finally, Barclays lifted their price target on Cisco Systems from $56.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Cisco Systems has an average rating of “Moderate Buy” and a consensus price target of $66.53.

Cisco Systems Trading Down 1.1 %

Shares of Cisco Systems stock opened at $63.98 on Friday. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $66.50. The firm’s 50-day moving average price is $60.65 and its 200 day moving average price is $56.15. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $254.53 billion, a PE ratio of 27.94, a P/E/G ratio of 4.17 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 EPS 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%. On average, sell-side analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The company also recently declared 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. 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 2.56%. The ex-dividend date is Thursday, April 3rd. Cisco Systems’s dividend payout ratio (DPR) is currently 71.62%.

Cisco Systems announced that its Board of Directors has initiated a share buyback 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 purchase up to 6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, CEO Charles Robbins sold 31,983 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the sale, the chief executive officer now directly owns 736,120 shares in the company, valued at approximately $47,413,489.20. This represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard Scott Herren sold 19,929 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 335,605 shares in the company, valued at approximately $21,616,318.05. This trade represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,921 shares of company stock worth $4,298,667 over the last three months. Company insiders own 0.01% of the company’s stock.

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.