Investment Partners Ltd. OH ADV grew its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 8.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,069 shares of the network equipment provider’s stock after buying an additional 1,787 shares during the period. Investment Partners Ltd. OH ADV’s holdings in Cisco Systems were worth $809,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Cisco Systems by 2.2% in the second quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock valued at $11,021,378,000 after purchasing an additional 7,411,891 shares during the period. Nordea Investment Management AB grew its position in shares of Cisco Systems by 12.1% in the second quarter. Nordea Investment Management AB now owns 31,396,260 shares of the network equipment provider’s stock valued at $982,703,000 after purchasing an additional 3,384,768 shares during the period. TIAA CREF Investment Management LLC grew its position in shares of Cisco Systems by 11.6% in the second quarter. TIAA CREF Investment Management LLC now owns 27,570,250 shares of the network equipment provider’s stock valued at $862,949,000 after purchasing an additional 2,863,474 shares during the period. LSV Asset Management grew its position in shares of Cisco Systems by 0.5% in the second quarter. LSV Asset Management now owns 27,453,460 shares of the network equipment provider’s stock valued at $859,293,000 after purchasing an additional 134,162 shares during the period. Finally, Legal & General Group Plc grew its position in shares of Cisco Systems by 2.4% in the second quarter. Legal & General Group Plc now owns 26,334,633 shares of the network equipment provider’s stock valued at $824,310,000 after purchasing an additional 618,346 shares during the period. 75.55% of the stock is owned by institutional investors.
Cisco Systems, Inc. (NASDAQ:CSCO) opened at $39.53 on Monday. The company has a market capitalization of $195,421.38, a PE ratio of 20.48, a price-to-earnings-growth ratio of 3.57 and a beta of 1.20. Cisco Systems, Inc. has a one year low of $29.80 and a one year high of $39.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87.
Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The company had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.11 billion. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. sell-side analysts expect that Cisco Systems, Inc. will post 2.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Thursday, January 4th. Cisco Systems’s dividend payout ratio is presently 60.10%.
In related news, SVP Rebecca Jacoby sold 75,021 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $38.42, for a total value of $2,882,306.82. Following the transaction, the senior vice president now owns 257,476 shares in the company, valued at $9,892,227.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Prat Bhatt sold 2,606 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total value of $95,092.94. Following the completion of the transaction, the chief accounting officer now owns 89,184 shares in the company, valued at approximately $3,254,324.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 348,643 shares of company stock worth $12,892,271. 0.05% of the stock is currently owned by insiders.
A number of equities research analysts have recently commented on CSCO shares. Oppenheimer reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Cisco Systems in a research report on Friday, October 20th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Cisco Systems in a research report on Thursday, October 12th. KeyCorp set a $33.00 price objective on Cisco Systems and gave the company a “buy” rating in a research report on Wednesday, October 11th. ValuEngine raised Cisco Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Finally, Vetr downgraded Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $36.12 price objective for the company. in a research report on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $37.66.
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Cisco Systems Company Profile
Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).
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