Highlander Capital Management LLC Sells 475 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Highlander Capital Management LLC decreased its holdings in Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 0.7% in the first quarter, Holdings Channel reports. The fund owned 63,294 shares of the network equipment provider’s stock after selling 475 shares during the quarter. Cisco Systems makes up 1.7% of Highlander Capital Management LLC’s holdings, making the stock its 12th biggest holding. Highlander Capital Management LLC’s holdings in Cisco Systems were worth $3,529,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Woodmont Investment Counsel LLC increased its holdings in Cisco Systems by 0.4% during the fourth quarter. Woodmont Investment Counsel LLC now owns 41,425 shares of the network equipment provider’s stock valued at $2,625,000 after buying an additional 180 shares during the period. Old Port Advisors increased its holdings in Cisco Systems by 0.4% during the first quarter. Old Port Advisors now owns 54,035 shares of the network equipment provider’s stock valued at $3,008,000 after buying an additional 195 shares during the period. Diligent Investors LLC grew its holdings in Cisco Systems by 0.7% in the first quarter. Diligent Investors LLC now owns 27,490 shares of the network equipment provider’s stock worth $1,533,000 after purchasing an additional 198 shares during the last quarter. Baldwin Brothers LLC MA grew its holdings in Cisco Systems by 26.1% in the first quarter. Baldwin Brothers LLC MA now owns 965 shares of the network equipment provider’s stock worth $54,000 after purchasing an additional 200 shares during the last quarter. Finally, Karp Capital Management Corp grew its holdings in Cisco Systems by 3.5% in the fourth quarter. Karp Capital Management Corp now owns 5,890 shares of the network equipment provider’s stock worth $373,000 after purchasing an additional 201 shares during the last quarter. Institutional investors own 73.18% of the company’s stock.

Insider Buying and Selling

In related news, CEO Charles Robbins sold 12,717 shares of Cisco Systems stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $43.79, for a total transaction of $556,877.43. Following the transaction, the chief executive officer now owns 651,577 shares in the company, valued at $28,532,556.83. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Cisco Systems news, CEO Charles Robbins sold 12,717 shares of the firm’s stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $43.79, for a total transaction of $556,877.43. Following the completion of the sale, the chief executive officer now owns 651,577 shares of the company’s stock, valued at $28,532,556.83. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Prat Bhatt sold 3,700 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $43.34, for a total value of $160,358.00. Following the sale, the senior vice president now directly owns 80,784 shares of the company’s stock, valued at approximately $3,501,178.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,326 shares of company stock worth $1,103,159. 0.02% of the stock is owned by corporate insiders.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $45.01 on Friday. The company has a market cap of $186.38 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 2.23 and a beta of 0.97. The stock’s 50 day simple moving average is $43.96 and its 200-day simple moving average is $49.96. Cisco Systems, Inc. has a 1-year low of $40.82 and a 1-year high of $64.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.49 and a quick ratio of 1.40.

Cisco Systems (NASDAQ:CSCOGet Rating) last released its earnings results on Wednesday, May 18th. The network equipment provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.01. The business had revenue of $12.84 billion for the quarter, compared to the consensus estimate of $13.33 billion. Cisco Systems had a return on equity of 31.22% and a net margin of 23.28%. During the same quarter last year, the business posted $0.75 earnings per share. As a group, equities research analysts anticipate that Cisco Systems, Inc. will post 3 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 27th. Investors of record on Wednesday, July 6th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, July 5th. This represents a $1.52 dividend on an annualized basis and a yield of 3.38%. Cisco Systems’s payout ratio is 53.33%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CSCO. Evercore ISI cut their price target on shares of Cisco Systems from $62.00 to $50.00 and set an “outperform” rating on the stock in a report on Thursday, May 19th. Credit Suisse Group cut their price target on shares of Cisco Systems from $72.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, May 19th. Oppenheimer lowered their price target on Cisco Systems from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Thursday, May 19th. Citigroup cut their price objective on Cisco Systems from $45.00 to $40.00 and set a “sell” rating on the stock in a report on Thursday, May 19th. Finally, Wells Fargo & Company cut their price objective on Cisco Systems from $65.00 to $52.00 and set an “equal weight” rating on the stock in a report on Thursday, May 19th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $54.23.

Cisco Systems Profile

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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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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