Cisco Systems, Inc. (CSCO) Shares Sold by Chatham Capital Group Inc.

Chatham Capital Group Inc. lessened its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 222,896 shares of the network equipment provider’s stock after selling 8,069 shares during the quarter. Cisco Systems accounts for approximately 2.3% of Chatham Capital Group Inc.’s investment portfolio, making the stock its 11th biggest position. Chatham Capital Group Inc.’s holdings in Cisco Systems were worth $8,537,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Dividend Assets Capital LLC acquired a new stake in shares of Cisco Systems during the 4th quarter valued at $521,000. Wedge Capital Management L L P NC acquired a new stake in shares of Cisco Systems during the 4th quarter valued at $219,000. Dean Capital Investments Management LLC acquired a new stake in shares of Cisco Systems during the 4th quarter valued at $390,000. Delphi Private Advisors LLC boosted its holdings in shares of Cisco Systems by 307.8% during the 4th quarter. Delphi Private Advisors LLC now owns 3,552 shares of the network equipment provider’s stock valued at $136,000 after acquiring an additional 2,681 shares in the last quarter. Finally, Investment House LLC boosted its holdings in shares of Cisco Systems by 4.5% during the 4th quarter. Investment House LLC now owns 93,375 shares of the network equipment provider’s stock valued at $3,576,000 after acquiring an additional 4,025 shares in the last quarter. 77.56% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, Director M Michele Burns sold 12,126 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $45.37, for a total value of $550,156.62. Following the completion of the sale, the director now directly owns 74,479 shares of the company’s stock, valued at approximately $3,379,112.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Goeckeler sold 20,671 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $45.50, for a total value of $940,530.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,986 shares of company stock valued at $2,116,422. Corporate insiders own 0.05% of the company’s stock.

Several equities research analysts recently weighed in on the company. Citigroup raised their price objective on Cisco Systems from $46.00 to $52.00 and gave the company a “buy” rating in a report on Friday, March 16th. Vetr raised Cisco Systems from a “hold” rating to a “buy” rating and set a $46.93 price objective on the stock in a report on Monday, March 19th. Argus reissued a “buy” rating and set a $50.00 price objective (up previously from $44.00) on shares of Cisco Systems in a report on Friday, February 16th. MKM Partners raised their price objective on Cisco Systems to $48.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Finally, Oppenheimer reissued an “outperform” rating and set a $50.00 price objective (up previously from $46.00) on shares of Cisco Systems in a report on Friday, February 16th. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $44.23.

CSCO stock opened at $40.73 on Monday. Cisco Systems, Inc. has a 1-year low of $30.36 and a 1-year high of $46.16. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.43 and a quick ratio of 2.38. The stock has a market capitalization of $196,217.52, a PE ratio of 18.94, a price-to-earnings-growth ratio of 2.73 and a beta of 1.14.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.04. Cisco Systems had a positive return on equity of 17.77% and a negative net margin of 3.00%. The firm had revenue of $11.89 billion during the quarter, compared to analyst estimates of $11.82 billion. During the same period last year, the company posted $0.57 EPS. analysts expect that Cisco Systems, Inc. will post 2.33 earnings per share for the current year.

Cisco Systems announced that its Board of Directors has approved a share repurchase plan on Wednesday, February 14th that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the network equipment provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Thursday, April 5th will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 4th. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.29. This represents a $1.32 annualized dividend and a dividend yield of 3.24%. Cisco Systems’s dividend payout ratio (DPR) is 61.40%.

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About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. The company offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.

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

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