Analyst IMS Investment Management Services Ltd. Raises Holdings in Cisco Systems, Inc. (CSCO)

Analyst IMS Investment Management Services Ltd. grew its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 159,960 shares of the network equipment provider’s stock after purchasing an additional 2,950 shares during the quarter. Cisco Systems comprises about 1.8% of Analyst IMS Investment Management Services Ltd.’s holdings, making the stock its 17th biggest holding. Analyst IMS Investment Management Services Ltd.’s holdings in Cisco Systems were worth $5,007,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of CSCO. Barnett & Company Inc. raised its holdings in Cisco Systems by 1,511.5% in the 2nd quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock worth $101,000 after purchasing an additional 3,023 shares in the last quarter. Tortoise Investment Management LLC increased its stake in shares of Cisco Systems by 36.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock worth $104,000 after acquiring an additional 878 shares in the last quarter. Grove Bank & Trust increased its stake in shares of Cisco Systems by 141.3% in the 2nd quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock worth $113,000 after acquiring an additional 2,120 shares in the last quarter. Watermark Asset Management Inc. bought a new position in shares of Cisco Systems in the 1st quarter worth about $122,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Cisco Systems by 15.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,300 shares of the network equipment provider’s stock worth $145,000 after acquiring an additional 560 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Shares of Cisco Systems, Inc. (CSCO) opened at $36.65 on Wednesday. Cisco Systems, Inc. has a 1 year low of $29.12 and a 1 year high of $36.97. The stock has a market cap of $180,740.03, a P/E ratio of 16.82, a PEG ratio of 3.15 and a beta of 1.15. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The company had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter in the previous year, the business posted $0.61 earnings per share. Cisco Systems’s quarterly revenue was down 1.7% on a year-over-year basis. sell-side analysts expect that Cisco Systems, Inc. will post 2.21 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Thursday, October 5th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.17%. The ex-dividend date was Wednesday, October 4th. Cisco Systems’s dividend payout ratio is presently 60.10%.

Several brokerages recently issued reports on CSCO. Jefferies Group LLC increased their price target on shares of Cisco Systems to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Deutsche Bank AG reiterated a “buy” rating and issued a $45.00 price target (up from $40.00) on shares of Cisco Systems in a research note on Thursday, November 16th. Bank of America Corporation increased their price target on shares of Cisco Systems from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, November 16th. Vetr upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 price target for the company in a research note on Wednesday, September 6th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $38.00 price target on shares of Cisco Systems in a research note on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twenty-one have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $36.73.

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In related news, CEO Charles Robbins sold 121,390 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $3,891,763.40. Following the sale, the chief executive officer now owns 552,694 shares in the company, valued at $17,719,369.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Prat Bhatt sold 25,638 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total transaction of $821,954.28. Following the completion of the sale, the chief accounting officer now owns 119,996 shares in the company, valued at approximately $3,847,071.76. The disclosure for this sale can be found here. Insiders sold 235,138 shares of company stock worth $7,562,574 in the last 90 days. 0.05% of the stock is currently owned by company insiders.

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

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