Donaldson Capital Management LLC Sells 6,531 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Donaldson Capital Management LLC lessened its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,547 shares of the network equipment provider’s stock after selling 6,531 shares during the quarter. Donaldson Capital Management LLC’s holdings in Cisco Systems were worth $4,828,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Silver Oak Advisory Group Inc. bought a new stake in Cisco Systems in the 4th quarter valued at $204,000. Wallace Hart LLC bought a new stake in Cisco Systems in the 4th quarter valued at $354,000. Global View Capital Management LLC bought a new stake in Cisco Systems in the 4th quarter valued at $500,000. Briaud Financial Planning Inc increased its holdings in Cisco Systems by 27.8% in the 4th quarter. Briaud Financial Planning Inc now owns 2,429 shares of the network equipment provider’s stock valued at $143,000 after buying an additional 529 shares during the period. Finally, Cornerstone Advisors LLC grew its holdings in shares of Cisco Systems by 15.3% in the 4th quarter. Cornerstone Advisors LLC now owns 181,000 shares of the network equipment provider’s stock worth $10,715,000 after purchasing an additional 24,000 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Insider Activity

In other news, CEO Charles Robbins sold 31,983 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was 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 directly owns 736,120 shares of the company’s stock, valued at $47,413,489.20. This represents a 4.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 11,808 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $64.37, for a total value of $760,080.96. Following the completion of the sale, the executive vice president now directly owns 200,191 shares of the company’s stock, valued at approximately $12,886,294.67. This trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,348 shares of company stock valued at $4,318,181 in the last ninety days. 0.01% of the stock is owned by insiders.

Cisco Systems Stock Performance

Cisco Systems stock opened at $62.06 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $66.50. The company has a market cap of $246.89 billion, a PE ratio of 27.10, a PEG ratio of 4.16 and a beta of 0.79. The company’s 50-day moving average is $61.69 and its two-hundred day moving average is $57.53.

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

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

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd will be paid a $0.41 dividend. The ex-dividend date is Thursday, April 3rd. This is a boost from Cisco Systems’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.64%. Cisco Systems’s dividend payout ratio is 71.62%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CSCO shares. Bank of America upped their target price on shares of Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Morgan Stanley upped their target price on shares of Cisco Systems from $62.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. DZ Bank raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. The Goldman Sachs Group upped their target price on shares of Cisco Systems from $56.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Cisco Systems in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and a consensus target price of $66.63.

Cisco Systems 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.