Humankind Investments LLC Sells 475 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Humankind Investments LLC reduced its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 88,357 shares of the network equipment provider’s stock after selling 475 shares during the period. Cisco Systems comprises approximately 1.3% of Humankind Investments LLC’s portfolio, making the stock its 13th biggest holding. Humankind Investments LLC’s holdings in Cisco Systems were worth $5,231,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CSCO. FPC Investment Advisory Inc. purchased a new stake in shares of Cisco Systems in the fourth quarter valued at $26,000. Navigoe LLC bought a new position in Cisco Systems during the 4th quarter valued at about $26,000. Runnymede Capital Advisors Inc. purchased a new stake in Cisco Systems in the 4th quarter worth about $30,000. Campbell Capital Management Inc. bought a new stake in Cisco Systems in the fourth quarter worth about $31,000. Finally, Synergy Investment Management LLC purchased a new position in shares of Cisco Systems during the fourth quarter valued at approximately $36,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $59.77 on Friday. The business has a fifty day moving average of $58.78 and a 200 day moving average of $59.45. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79. The firm has a market capitalization of $237.78 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 4.16 and a beta of 0.89. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $66.50.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. As a group, research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems announced that its board has approved a share buyback plan on Wednesday, February 12th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the network equipment provider to buy up to 6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd were issued a $0.41 dividend. This is a boost from Cisco Systems’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.74%. Cisco Systems’s payout ratio is presently 71.62%.

Insider Transactions at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 2,065 shares of Cisco Systems stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $60.70, for a total value of $125,345.50. Following the sale, the executive vice president now owns 191,184 shares of the company’s stock, valued at approximately $11,604,868.80. This trade represents a 1.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles Robbins sold 31,983 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 736,120 shares in the company, valued at $47,413,489.20. This represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,547 shares of company stock valued at $4,275,553 in the last ninety days. 0.01% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CSCO shares. JPMorgan Chase & Co. reduced their price target on Cisco Systems from $73.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Piper Sandler decreased their target price on Cisco Systems from $72.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. BNP Paribas upgraded shares of Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 price target on the stock in a report on Tuesday, January 28th. StockNews.com lowered shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 5th. Finally, Citigroup reduced their target price on shares of Cisco Systems from $73.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. 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 company’s stock. Based on data from MarketBeat, Cisco Systems has a consensus rating of “Moderate Buy” and an average price target of $65.05.

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.