B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund Has $2.22 Million Holdings in Cisco Systems, Inc. (CSCO)

B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 55.7% in the second quarter, HoldingsChannel.com reports. The firm owned 51,662 shares of the network equipment provider’s stock after selling 64,935 shares during the quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Cisco Systems were worth $2,223,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CSCO. FCG Advisors LLC increased its holdings in shares of Cisco Systems by 7.9% in the first quarter. FCG Advisors LLC now owns 15,574 shares of the network equipment provider’s stock valued at $668,000 after purchasing an additional 1,140 shares in the last quarter. Forbes J M & Co. LLP increased its holdings in shares of Cisco Systems by 0.5% in the second quarter. Forbes J M & Co. LLP now owns 217,760 shares of the network equipment provider’s stock valued at $9,370,000 after purchasing an additional 1,163 shares in the last quarter. Peachtree Investment Advisors Inc. increased its holdings in shares of Cisco Systems by 2.7% in the second quarter. Peachtree Investment Advisors Inc. now owns 44,093 shares of the network equipment provider’s stock valued at $1,897,000 after purchasing an additional 1,175 shares in the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of Cisco Systems by 4.7% in the second quarter. Flagship Harbor Advisors LLC now owns 27,206 shares of the network equipment provider’s stock valued at $1,170,000 after purchasing an additional 1,215 shares in the last quarter. Finally, Bogart Wealth LLC increased its holdings in shares of Cisco Systems by 2.3% in the second quarter. Bogart Wealth LLC now owns 55,611 shares of the network equipment provider’s stock valued at $2,392,000 after purchasing an additional 1,241 shares in the last quarter. Hedge funds and other institutional investors own 69.52% of the company’s stock.

A number of brokerages recently weighed in on CSCO. Zacks Investment Research lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Friday, October 26th. Robert W. Baird reissued an “outperform” rating and issued a $53.00 price target on shares of Cisco Systems in a report on Thursday, November 29th. BidaskClub raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Friday, August 10th. William Blair reissued an “outperform” rating on shares of Cisco Systems in a report on Thursday, August 16th. Finally, Piper Jaffray Companies set a $53.00 price target on shares of Cisco Systems and gave the company an “overweight” rating in a report on Monday, October 1st. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Cisco Systems has an average rating of “Buy” and a consensus price target of $50.26.

In other news, EVP Mark D. Chandler sold 31,842 shares of Cisco Systems stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $47.20, for a total transaction of $1,502,942.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Charles Robbins sold 217,420 shares of Cisco Systems stock in a transaction on Monday, September 17th. The stock was sold at an average price of $47.28, for a total transaction of $10,279,617.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 586,943 shares of company stock worth $27,718,423. Insiders own 0.03% of the company’s stock.

Shares of NASDAQ CSCO opened at $46.44 on Friday. The firm has a market cap of $228.11 billion, a PE ratio of 19.85, a PEG ratio of 2.77 and a beta of 1.15. Cisco Systems, Inc. has a twelve month low of $37.35 and a twelve month high of $49.47. The company has a current ratio of 2.11, a quick ratio of 2.05 and a debt-to-equity ratio of 0.42.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 14th. The network equipment provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The company had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $12.86 billion. Cisco Systems had a net margin of 2.52% and a return on equity of 25.58%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. As a group, equities analysts anticipate that Cisco Systems, Inc. will post 2.7 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Friday, January 4th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, January 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.84%. Cisco Systems’s dividend payout ratio is 56.41%.

TRADEMARK VIOLATION NOTICE: “B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund Has $2.22 Million Holdings in Cisco Systems, Inc. (CSCO)” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another publication, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/12/08/b-s-pension-fund-trustee-ltd-acting-for-the-british-steel-pension-fund-has-2-22-million-holdings-in-cisco-systems-inc-csco.html.

Cisco Systems Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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

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