Lindenwold Advisors INC Sells 11,185 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Lindenwold Advisors INC reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 33.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,643 shares of the network equipment provider's stock after selling 11,185 shares during the quarter. Lindenwold Advisors INC's holdings in Cisco Systems were worth $1,205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CSCO. Aviance Capital Partners LLC raised its stake in shares of Cisco Systems by 2.7% in the 3rd quarter. Aviance Capital Partners LLC now owns 87,924 shares of the network equipment provider's stock valued at $4,679,000 after acquiring an additional 2,346 shares during the period. Baron Wealth Management LLC increased its stake in Cisco Systems by 78.3% during the 3rd quarter. Baron Wealth Management LLC now owns 10,789 shares of the network equipment provider's stock worth $574,000 after buying an additional 4,739 shares during the period. New England Asset Management Inc. boosted its position in Cisco Systems by 0.6% in the 3rd quarter. New England Asset Management Inc. now owns 141,896 shares of the network equipment provider's stock valued at $7,552,000 after buying an additional 840 shares during the last quarter. Napa Wealth Management purchased a new stake in shares of Cisco Systems during the third quarter worth about $210,000. Finally, Tidemark LLC lifted its stake in shares of Cisco Systems by 40.9% in the third quarter. Tidemark LLC now owns 1,181 shares of the network equipment provider's stock worth $63,000 after acquiring an additional 343 shares in the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CSCO shares. Wells Fargo & Company boosted their target price on shares of Cisco Systems from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 14th. Hsbc Global Res upgraded Cisco Systems to a "strong-buy" rating in a research note on Friday, August 16th. Tigress Financial raised their price objective on Cisco Systems from $76.00 to $78.00 and gave the stock a "buy" rating in a research note on Monday, October 14th. Needham & Company LLC restated a "hold" rating on shares of Cisco Systems in a research note on Thursday, August 15th. Finally, Morgan Stanley raised their price objective on Cisco Systems from $58.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $59.94.

Insider Buying and Selling at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 8,270 shares of the business's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $50.33, for a total transaction of $416,229.10. Following the transaction, the executive vice president now owns 135,544 shares of the company's stock, valued at approximately $6,821,929.52. The trade was a 5.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Charles Robbins sold 171,744 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $9,873,562.56. Following the completion of the sale, the chief executive officer now owns 783,786 shares of the company's stock, valued at $45,059,857.14. This represents a 17.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 329,898 shares of company stock worth $18,865,790 over the last ninety days. Company insiders own 0.01% of the company's stock.

Cisco Systems Trading Down 0.5 %

Shares of Cisco Systems stock traded down $0.30 on Tuesday, reaching $57.01. 17,474,825 shares of the company were exchanged, compared to its average volume of 19,158,156. The stock has a fifty day moving average price of $54.35 and a 200-day moving average price of $49.88. The firm has a market capitalization of $227.51 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 4.67 and a beta of 0.83. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $59.38.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The company had revenue of $13.84 billion during the quarter, compared to analyst estimates of $13.78 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The company's revenue for the quarter was down 5.6% on a year-over-year basis. On average, analysts expect that Cisco Systems, Inc. will post 2.89 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, January 3rd. Cisco Systems's payout ratio is 68.67%.

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.