Cisco Systems, Inc. (NASDAQ:CSCO) Shares Purchased by Diversified Trust Co

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Diversified Trust Co boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 6.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 183,629 shares of the network equipment provider’s stock after acquiring an additional 10,690 shares during the period. Diversified Trust Co’s holdings in Cisco Systems were worth $9,073,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Dimension Capital Management LLC increased its position in Cisco Systems by 5.1% during the 4th quarter. Dimension Capital Management LLC now owns 19,210 shares of the network equipment provider’s stock worth $832,000 after purchasing an additional 930 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in Cisco Systems by 241.5% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 2,576,627 shares of the network equipment provider’s stock worth $97,665,000 after purchasing an additional 1,822,091 shares during the period. Paradigm Financial Partners LLC acquired a new position in Cisco Systems during the 4th quarter worth approximately $1,133,000. Accident Compensation Corp increased its position in Cisco Systems by 7.5% during the 4th quarter. Accident Compensation Corp now owns 223,100 shares of the network equipment provider’s stock worth $9,667,000 after purchasing an additional 15,500 shares during the period. Finally, Riverview Trust Co acquired a new position in Cisco Systems during the 4th quarter worth approximately $1,154,000. Hedge funds and other institutional investors own 73.31% of the company’s stock.

Shares of CSCO stock traded up $0.44 on Wednesday, reaching $46.83. 188,966 shares of the stock were exchanged, compared to its average volume of 20,847,318. The stock has a market cap of $201.74 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 2.29 and a beta of 1.28. The company has a quick ratio of 1.46, a current ratio of 1.51 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $48.23 and a two-hundred day moving average of $53.29. Cisco Systems, Inc. has a 1-year low of $40.25 and a 1-year high of $58.26.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. Cisco Systems had a return on equity of 32.43% and a net margin of 22.39%. The firm had revenue of $13.43 billion during the quarter, compared to the consensus estimate of $13.39 billion. During the same period in the prior year, the firm earned $0.70 EPS. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts predict that Cisco Systems, Inc. will post 3.05 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Friday, October 4th will be issued a $0.35 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $1.40 annualized dividend and a yield of 2.99%. Cisco Systems’s dividend payout ratio is currently 49.12%.

In other Cisco Systems news, EVP Mark D. Chandler sold 546 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $47.92, for a total value of $26,164.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Charles Robbins sold 18,955 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $50.04, for a total transaction of $948,508.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 193,130 shares of company stock valued at $9,359,179. 0.03% of the stock is owned by insiders.

A number of equities research analysts recently weighed in on the company. Nomura upped their price target on Cisco Systems from $50.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Bank of America restated a “buy” rating and issued a $62.00 price target on shares of Cisco Systems in a report on Wednesday, July 10th. Credit Suisse Group set a $50.00 price target on Cisco Systems and gave the stock a “neutral” rating in a report on Tuesday, August 27th. Royal Bank of Canada lowered their price target on Cisco Systems from $64.00 to $53.00 and set an “outperform” rating on the stock in a report on Thursday, August 15th. Finally, UBS Group set a $58.00 price target on Cisco Systems and gave the stock a “buy” rating in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $56.60.

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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