Cisco Systems, Inc. (CSCO) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 9.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 341,157 shares of the network equipment provider’s stock after selling 37,400 shares during the period. Cisco Systems makes up about 1.2% of Livforsakringsbolaget Skandia Omsesidigt’s investment portfolio, making the stock its 10th largest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Cisco Systems were worth $13,066,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CSCO. Sterling Investment Management Inc. lifted its position in shares of Cisco Systems by 4.5% during the fourth quarter. Sterling Investment Management Inc. now owns 86,944 shares of the network equipment provider’s stock valued at $3,330,000 after buying an additional 3,752 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its position in shares of Cisco Systems by 47.0% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 4,058,477 shares of the network equipment provider’s stock valued at $155,440,000 after purchasing an additional 1,297,999 shares during the last quarter. Berkshire Asset Management LLC PA raised its position in shares of Cisco Systems by 7.6% in the 4th quarter. Berkshire Asset Management LLC PA now owns 827,257 shares of the network equipment provider’s stock valued at $31,684,000 after purchasing an additional 58,543 shares during the last quarter. Nepsis Capital Management Inc. purchased a new position in shares of Cisco Systems in the 4th quarter valued at approximately $8,285,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Cisco Systems by 2.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 17,762,489 shares of the network equipment provider’s stock valued at $680,304,000 after purchasing an additional 376,462 shares during the last quarter. Institutional investors and hedge funds own 77.56% of the company’s stock.

CSCO has been the subject of several research analyst reports. Barclays increased their price objective on shares of Cisco Systems from $37.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. Zacks Investment Research downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Vetr upgraded shares of Cisco Systems from a “sell” rating to a “hold” rating and set a $38.01 price target on the stock in a report on Wednesday, December 27th. Argus reiterated a “buy” rating and issued a $50.00 price target (up previously from $44.00) on shares of Cisco Systems in a report on Friday, February 16th. Finally, Bank of America upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and increased their price target for the stock from $38.99 to $46.00 in a report on Friday, January 5th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. Cisco Systems currently has a consensus rating of “Buy” and an average target price of $44.23.

In other 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 transaction of $550,156.62. Following the completion of the transaction, the director now directly owns 74,479 shares of the company’s stock, valued at $3,379,112.23. The sale was disclosed in a filing with the SEC, 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 stock was 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 have sold 46,986 shares of company stock valued at $2,116,422. Corporate insiders own 0.05% of the company’s stock.

NASDAQ CSCO traded down $1.09 during trading on Friday, hitting $40.73. The stock had a trading volume of 31,104,560 shares, compared to its average volume of 28,736,010. The company has a market cap of $201,468.61, a P/E ratio of 18.94, a P/E/G ratio of 2.81 and a beta of 1.14. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.43 and a quick ratio of 2.38. Cisco Systems, Inc. has a twelve month low of $30.36 and a twelve month high of $46.16.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, February 14th. The network equipment provider reported $0.63 earnings per share for the quarter, beating the 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 company had revenue of $11.89 billion during the quarter, compared to the consensus estimate of $11.82 billion. During the same period in the previous year, the company posted $0.57 EPS. analysts anticipate that Cisco Systems, Inc. will post 2.33 EPS for the current fiscal year.

The business 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 dividend of $0.33 per share. The ex-dividend date is Wednesday, April 4th. This is an increase from Cisco Systems’s previous quarterly dividend of $0.29. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.24%. Cisco Systems’s payout ratio is currently 61.40%.

Cisco Systems announced that its board has authorized a stock repurchase program on Wednesday, February 14th that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the network equipment provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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Cisco Systems Profile

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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