Well Done LLC Has $344,000 Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Well Done LLC lifted its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 9.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,806 shares of the network equipment provider’s stock after purchasing an additional 483 shares during the quarter. Well Done LLC’s holdings in Cisco Systems were worth $344,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. FPC Investment Advisory Inc. acquired a new position in Cisco Systems during the fourth quarter worth $26,000. Navigoe LLC bought a new position in Cisco Systems in the fourth quarter valued at about $26,000. Mpwm Advisory Solutions LLC bought a new position in Cisco Systems in the fourth quarter valued at about $26,000. JDM Financial Group LLC boosted its holdings in Cisco Systems by 160.4% in the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider’s stock valued at $29,000 after acquiring an additional 300 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new position in Cisco Systems during the fourth quarter worth about $30,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CSCO has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a “hold” rating to a “buy” rating and raised their target price for the stock from $65.00 to $73.00 in a report on Monday. Barclays restated an “equal weight” rating on shares of Cisco Systems in a research note on Wednesday, May 21st. Rosenblatt Securities boosted their target price on Cisco Systems from $63.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. New Street Research restated a “neutral” rating and issued a $70.00 target price on shares of Cisco Systems in a research note on Friday, May 16th. Finally, Citigroup boosted their target price on Cisco Systems from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.11.

Insider Buying and Selling

In other Cisco Systems news, CEO Charles Robbins sold 29,784 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $64.61, for a total value of $1,924,344.24. Following the transaction, the chief executive officer now directly owns 688,409 shares of the company’s stock, valued at $44,478,105.49. This represents a 4.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Oliver Tuszik sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $63.53, for a total value of $952,950.00. Following the completion of the transaction, the executive vice president now directly owns 131,676 shares in the company, valued at approximately $8,365,376.28. This represents a 10.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,931 shares of company stock valued at $4,671,930. 0.01% of the stock is owned by insiders.

Cisco Systems Stock Up 0.8%

NASDAQ:CSCO opened at $65.84 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $260.73 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 3.91 and a beta of 0.88. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $66.50. The stock’s 50 day moving average price is $61.02 and its two-hundred day moving average price is $60.69.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $14.15 billion for the quarter, compared to analyst estimates of $14.05 billion. Cisco Systems had a return on equity of 26.48% and a net margin of 17.60%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 EPS. Equities research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Thursday, July 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Thursday, July 3rd. Cisco Systems’s payout ratio is presently 66.94%.

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.