Stillwater Capital Advisors LLC Grows Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Stillwater Capital Advisors LLC raised its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 231,409 shares of the network equipment provider’s stock after purchasing an additional 2,922 shares during the period. Cisco Systems accounts for approximately 2.5% of Stillwater Capital Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Stillwater Capital Advisors LLC’s holdings in Cisco Systems were worth $11,098,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Fisher Asset Management LLC boosted its position in Cisco Systems by 2.8% in the third quarter. Fisher Asset Management LLC now owns 30,517,061 shares of the network equipment provider’s stock valued at $1,507,848,000 after buying an additional 839,300 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Cisco Systems by 13.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 21,589,214 shares of the network equipment provider’s stock valued at $1,066,724,000 after acquiring an additional 2,496,113 shares during the period. First Trust Advisors LP boosted its holdings 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. California Public Employees Retirement System boosted its holdings in shares of Cisco Systems by 13.2% in the 3rd quarter. California Public Employees Retirement System now owns 15,745,642 shares of the network equipment provider’s stock valued at $777,992,000 after acquiring an additional 1,836,457 shares during the last quarter. Finally, Parnassus Investments CA purchased a new stake in shares of Cisco Systems in the 3rd quarter valued at $444,882,000. Hedge funds and other institutional investors own 72.62% of the company’s stock.

In other Cisco Systems news, CAO Prat Bhatt sold 39,343 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $44.88, for a total transaction of $1,765,713.84. Following the completion of the transaction, the chief accounting officer now directly owns 137,634 shares in the company, valued at $6,177,013.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles Robbins sold 12,597 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $44.81, for a total transaction of $564,471.57. The disclosure for this sale can be found here. Insiders have sold a total of 388,864 shares of company stock worth $17,474,321 in the last quarter. Insiders own 0.03% of the company’s stock.

Several research analysts recently issued reports on the stock. Royal Bank of Canada set a $56.00 target price on shares of Cisco Systems and gave the stock a “buy” rating in a report on Wednesday, November 13th. Piper Jaffray Companies lowered shares of Cisco Systems from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $55.00 to $51.00 in a report on Monday, November 11th. Bank of America lowered shares of Cisco Systems from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Wells Fargo & Co reaffirmed a “buy” rating and set a $58.00 price target (down from $60.00) on shares of Cisco Systems in a research report on Thursday, November 14th. Finally, Barclays upgraded Cisco Systems from an “equal weight” rating to an “overweight” rating and set a $53.00 price objective for the company in a research note on Thursday, December 19th. Thirteen equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Cisco Systems has a consensus rating of “Buy” and a consensus price target of $54.78.

NASDAQ CSCO opened at $48.80 on Wednesday. The stock has a market capitalization of $207.96 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 2.85 and a beta of 1.23. The stock has a 50-day moving average of $46.91 and a 200 day moving average of $48.95. The company has a current ratio of 1.70, a quick ratio of 1.64 and a debt-to-equity ratio of 0.42. Cisco Systems, Inc. has a twelve month low of $43.40 and a twelve month high of $58.26.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. The company had revenue of $13.16 billion for the quarter, compared to analyst estimates of $13.09 billion. Cisco Systems had a return on equity of 35.01% and a net margin of 21.15%. Cisco Systems’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. Equities analysts predict that Cisco Systems, Inc. will post 2.94 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.87%. Cisco Systems’s dividend payout ratio (DPR) is 49.12%.

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.

Further Reading: Certificate of Deposit (CD) For Risk Adverse Investors?

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

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