Coppell Advisory Solutions LLC Sells 105,815 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Coppell Advisory Solutions LLC lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 96.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,083 shares of the network equipment provider's stock after selling 105,815 shares during the quarter. Coppell Advisory Solutions LLC's holdings in Cisco Systems were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Cisco Systems during the fourth quarter valued at approximately $3,297,905,000. FMR LLC grew its holdings in Cisco Systems by 20.8% during the 4th quarter. FMR LLC now owns 77,216,513 shares of the network equipment provider's stock valued at $4,571,218,000 after purchasing an additional 13,285,052 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Cisco Systems during the fourth quarter worth about $560,722,000. Marshall Wace LLP lifted its stake in shares of Cisco Systems by 143.2% in the fourth quarter. Marshall Wace LLP now owns 4,986,627 shares of the network equipment provider's stock worth $295,208,000 after acquiring an additional 2,936,567 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Cisco Systems by 50.3% in the fourth quarter. Alliancebernstein L.P. now owns 6,627,956 shares of the network equipment provider's stock valued at $392,375,000 after purchasing an additional 2,219,311 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Price Performance

NASDAQ CSCO traded up $0.31 during trading hours on Tuesday, reaching $57.15. 2,820,883 shares of the company's stock were exchanged, compared to its average volume of 20,171,447. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $66.50. The stock has a market cap of $227.37 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 4.16 and a beta of 0.86. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average of $59.67 and a 200-day moving average of $59.29.

Cisco Systems (NASDAQ:CSCO - Get Free Report) 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%. On average, equities research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Thursday, April 3rd. This is an increase from Cisco Systems's previous quarterly dividend of $0.40. Cisco Systems's dividend payout ratio is presently 71.62%.

Cisco Systems declared that its board has authorized a stock repurchase program on Wednesday, February 12th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the network equipment provider to repurchase up to 6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Melius raised Cisco Systems from a "hold" rating to a "buy" rating and upped their target price for the company from $66.00 to $73.00 in a research report on Monday, January 6th. Rosenblatt Securities reduced their price objective on shares of Cisco Systems from $80.00 to $63.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Melius Research raised shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Evercore ISI reduced their price target on shares of Cisco Systems from $75.00 to $67.00 and set an "outperform" rating on the stock in a research report on Monday. Finally, StockNews.com cut Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 5th. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Cisco Systems presently has a consensus rating of "Moderate Buy" and an average target price of $65.05.

Insider Transactions at Cisco Systems

In other news, CFO Richard Scott Herren sold 19,929 shares of Cisco Systems stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $64.41, for a total transaction of $1,283,626.89. Following the transaction, the chief financial officer now owns 335,605 shares in the company, valued at $21,616,318.05. The trade was a 5.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Charles Robbins sold 31,983 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 736,120 shares of the company's stock, valued at approximately $47,413,489.20. The trade was a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,547 shares of company stock valued at $4,275,553 over the last three months. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Company 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.