Triodos Investment Management BV boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 499,900 shares of the network equipment provider’s stock after buying an additional 4,400 shares during the period. Cisco Systems comprises 6.3% of Triodos Investment Management BV’s portfolio, making the stock its 2nd largest holding. Triodos Investment Management BV’s holdings in Cisco Systems were worth $24,700,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of CSCO. Nuveen Asset Management LLC raised its holdings in shares of Cisco Systems by 1,546.1% in the second quarter. Nuveen Asset Management LLC now owns 48,285,218 shares of the network equipment provider’s stock valued at $2,642,650,000 after buying an additional 45,351,980 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Cisco Systems by 155.6% in the 3rd quarter. First Trust Advisors LP now owns 17,446,107 shares of the network equipment provider’s stock valued at $862,012,000 after acquiring an additional 10,621,798 shares during the last quarter. Parnassus Investments CA bought a new stake in shares of Cisco Systems in the 3rd quarter valued at about $444,882,000. Thoroughbred Financial Services LLC increased its stake in shares of Cisco Systems by 5,677.4% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,616,279 shares of the network equipment provider’s stock valued at $361,628,000 after acquiring an additional 3,553,686 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Cisco Systems in the 2nd quarter valued at about $125,277,000. Hedge funds and other institutional investors own 73.27% of the company’s stock.
A number of analysts have recently commented on CSCO shares. Barclays started coverage on Cisco Systems in a research note on Wednesday, August 7th. They issued an “equal weight” rating and a $52.00 price target for the company. Raymond James reiterated an “overweight” rating on shares of Cisco Systems in a research report on Friday, August 16th. Robert W. Baird set a $54.00 price objective on Cisco Systems and gave the company a “buy” rating in a research report on Friday, September 13th. Morgan Stanley decreased their price objective on Cisco Systems from $51.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday, August 15th. Finally, ValuEngine downgraded Cisco Systems from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $55.92.
Cisco Systems stock traded up $0.41 during mid-day trading on Friday, reaching $48.83. The stock had a trading volume of 14,406,400 shares, compared to its average volume of 20,421,934. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 1.51. The firm has a market capitalization of $202.69 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 2.30 and a beta of 1.28. The stock’s 50-day simple moving average is $47.56 and its 200-day simple moving average is $52.07. Cisco Systems, Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $58.26.
Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.01. The business had revenue of $13.43 billion during the quarter, compared to the consensus estimate of $13.39 billion. Cisco Systems had a net margin of 22.39% and a return on equity of 32.43%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.70 earnings per share. On average, research analysts forecast that Cisco Systems, Inc. will post 3.03 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Friday, October 4th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Thursday, October 3rd. Cisco Systems’s dividend payout ratio (DPR) is 49.12%.
In other news, CEO Charles Robbins sold 18,955 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $50.04, for a total transaction of $948,508.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Chandler sold 546 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $47.92, for a total transaction of $26,164.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 193,130 shares of company stock valued at $9,359,179. Insiders own 0.03% of the company’s stock.
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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