Cisco Systems, Inc. (CSCO) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,757,298 shares of the network equipment provider’s stock after selling 26,398 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.22% of Cisco Systems worth $361,768,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in Cisco Systems during the second quarter worth about $231,000. Barnett & Company Inc. raised its stake in Cisco Systems by 1,511.5% during the second quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock worth $101,000 after acquiring an additional 3,023 shares during the period. Tortoise Investment Management LLC raised its stake in Cisco Systems by 36.1% during the second 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 during the period. Mountain Capital Investment Advisors Inc acquired a new stake in Cisco Systems during the second quarter worth about $104,000. Finally, Manchester Capital Management LLC raised its stake in Cisco Systems by 10.7% during the second quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock worth $113,000 after acquiring an additional 350 shares during the period. 75.42% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on the stock. Barclays increased their price objective on shares of Cisco Systems from $37.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. Deutsche Bank reiterated a “buy” rating and set a $45.00 price objective (up previously from $40.00) on shares of Cisco Systems in a research note on Thursday, November 16th. Jefferies Group increased their price objective on shares of Cisco Systems to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Bank of America increased their price objective 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. Finally, Nomura upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Monday. Eleven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $40.47.

In related news, SVP Rebecca Jacoby sold 75,021 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $38.42, for a total transaction of $2,882,306.82. Following the completion of the sale, the senior vice president now directly owns 257,476 shares in the company, valued at $9,892,227.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Karen Walker sold 5,786 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $211,131.14. Following the sale, the senior vice president now owns 176,418 shares of the company’s stock, valued at $6,437,492.82. The disclosure for this sale can be found here. Insiders have sold 348,643 shares of company stock worth $12,892,271 in the last quarter. Company insiders own 0.05% of the company’s stock.

Cisco Systems, Inc. (NASDAQ CSCO) opened at $42.09 on Thursday. Cisco Systems, Inc. has a 12 month low of $30.36 and a 12 month high of $42.98. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39. The company has a market cap of $208,080.00, a P/E ratio of 21.81, a P/E/G ratio of 3.65 and a beta of 1.23.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.04. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. During the same quarter last year, the firm earned $0.57 EPS. research analysts expect that Cisco Systems, Inc. will post 2.23 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Thursday, April 5th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.14%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.29. Cisco Systems’s dividend payout ratio (DPR) is currently 60.10%.

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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).

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

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