Donald L. Hagan LLC Sells 717 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Donald L. Hagan LLC decreased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,268 shares of the network equipment provider’s stock after selling 717 shares during the quarter. Cisco Systems makes up about 0.8% of Donald L. Hagan LLC’s investment portfolio, making the stock its 24th largest position. Donald L. Hagan LLC’s holdings in Cisco Systems were worth $1,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of CSCO. WestHill Financial Advisors Inc. boosted its stake in Cisco Systems by 7.6% in the second quarter. WestHill Financial Advisors Inc. now owns 4,363 shares of the network equipment provider’s stock worth $207,000 after purchasing an additional 308 shares in the last quarter. Raymond James & Associates raised its position in shares of Cisco Systems by 0.9% during the second quarter. Raymond James & Associates now owns 13,305,175 shares of the network equipment provider’s stock worth $632,129,000 after acquiring an additional 117,351 shares during the last quarter. Signet Investment Advisory Group Inc. raised its position in shares of Cisco Systems by 3.1% during the second quarter. Signet Investment Advisory Group Inc. now owns 75,205 shares of the network equipment provider’s stock worth $3,573,000 after acquiring an additional 2,260 shares during the last quarter. Marietta Wealth Management LLC bought a new stake in shares of Cisco Systems during the second quarter worth $404,000. Finally, OFI Invest Asset Management increased its holdings in Cisco Systems by 39,018.3% in the second quarter. OFI Invest Asset Management now owns 278,522 shares of the network equipment provider’s stock valued at $12,347,000 after purchasing an additional 277,810 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Activity

In other news, CEO Charles Robbins sold 26,331 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $46.10, for a total value of $1,213,859.10. Following the completion of the transaction, the chief executive officer now directly owns 725,363 shares of the company’s stock, valued at $33,439,234.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 2,619 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $45.34, for a total transaction of $118,745.46. Following the completion of the transaction, the executive vice president now directly owns 176,384 shares of the company’s stock, valued at $7,997,250.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Charles Robbins sold 26,331 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $46.10, for a total value of $1,213,859.10. Following the transaction, the chief executive officer now directly owns 725,363 shares of the company’s stock, valued at $33,439,234.30. The disclosure for this sale can be found here. Insiders sold a total of 33,090 shares of company stock valued at $1,522,231 over the last three months. Corporate insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CSCO. Wells Fargo & Company upped their price objective on Cisco Systems from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Thursday, May 16th. HSBC raised Cisco Systems from a “hold” rating to a “buy” rating and upped their price objective for the stock from $46.00 to $58.00 in a research report on Friday. Oppenheimer upped their price objective on Cisco Systems from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. Hsbc Global Res raised Cisco Systems to a “strong-buy” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Cisco Systems from $52.00 to $53.00 and gave the company a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has issued a strong 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 $55.89.

Cisco Systems Stock Up 1.9 %

CSCO stock traded up $0.93 during trading on Friday, reaching $49.46. 27,424,886 shares of the stock were exchanged, compared to its average volume of 19,935,170. The firm’s 50 day moving average is $46.74 and its 200 day moving average is $47.86. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $58.19. The company has a current ratio of 0.89, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. The firm has a market cap of $199.27 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 2.97 and a beta of 0.85.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.85 by $0.02. The firm had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.53 billion. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. The company’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 earnings per share. As a group, research analysts forecast that Cisco Systems, Inc. will post 3.14 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Wednesday, October 2nd. Cisco Systems’s dividend payout ratio is presently 53.87%.

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.