Topsail Wealth Management LLC Purchases Shares of 5,618 Cisco Systems, Inc. (NASDAQ:CSCO)

Topsail Wealth Management LLC acquired a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,618 shares of the network equipment provider's stock, valued at approximately $333,000.

A number of other large investors have also made changes to their positions in CSCO. FPC Investment Advisory Inc. bought a new position in Cisco Systems during the 4th quarter worth $26,000. Runnymede Capital Advisors Inc. acquired a new stake in Cisco Systems in the fourth quarter valued at approximately $30,000. Campbell Capital Management Inc. acquired a new stake in shares of Cisco Systems in the fourth quarter worth $31,000. Highline Wealth Partners LLC increased 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 valued at $35,000 after buying an additional 260 shares during the period. Finally, Synergy Investment Management LLC acquired a new stake in shares of Cisco Systems in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Analyst Upgrades and Downgrades

CSCO has been the subject of several research analyst reports. DZ Bank raised shares of Cisco Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Rosenblatt Securities dropped their price objective on Cisco Systems from $80.00 to $63.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Citigroup reduced their price objective on Cisco Systems from $73.00 to $68.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Melius Research upgraded Cisco Systems from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Cisco Systems in a research note on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Cisco Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $65.05.

Cisco Systems Trading Up 0.3 %

Shares of Cisco Systems stock traded up $0.15 during trading hours on Tuesday, reaching $56.99. 3,350,186 shares of the company's stock were exchanged, compared to its average volume of 20,174,076. 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 $226.73 billion, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 4.16 and a beta of 0.86. The company has a fifty day moving average of $59.67 and a 200-day moving average of $59.29. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $66.50.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results 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%. Sell-side analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd were paid a $0.41 dividend. This is a boost from Cisco Systems's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.88%. Cisco Systems's dividend payout ratio is currently 71.62%.

Cisco Systems announced that its board has initiated a stock buyback program on Wednesday, February 12th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the network equipment provider to buy up to 6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, CEO Charles Robbins sold 31,983 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $64.41, for a total value of $2,060,025.03. Following the completion of the sale, the chief executive officer now owns 736,120 shares in the company, valued at $47,413,489.20. This represents a 4.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Thimaya K. Subaiya sold 2,065 shares of the 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 transaction, the executive vice president now owns 191,184 shares of the company's stock, valued at approximately $11,604,868.80. This represents a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,547 shares of company stock worth $4,275,553 in the last quarter. 0.01% of the stock is owned by corporate insiders.

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.