Nelson Roberts Investment Advisors LLC Has $10.34 Million Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

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Nelson Roberts Investment Advisors LLC cut its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 215,675 shares of the network equipment provider’s stock after selling 1,879 shares during the period. Cisco Systems comprises approximately 2.2% of Nelson Roberts Investment Advisors LLC’s investment portfolio, making the stock its 11th biggest position. Nelson Roberts Investment Advisors LLC’s holdings in Cisco Systems were worth $10,344,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. State Street Corp increased its holdings in Cisco Systems by 0.6% in the fourth quarter. State Street Corp now owns 187,545,264 shares of the network equipment provider’s stock valued at $8,994,671,000 after purchasing an additional 1,132,414 shares during the period. FMR LLC increased its holdings in Cisco Systems by 13.1% in the fourth quarter. FMR LLC now owns 36,607,406 shares of the network equipment provider’s stock valued at $1,755,691,000 after purchasing an additional 4,244,954 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Cisco Systems by 13.1% in the third 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 purchasing an additional 2,496,113 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Cisco Systems by 1.6% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,887,544 shares of the network equipment provider’s stock valued at $851,626,000 after purchasing an additional 288,013 shares during the period. Finally, First Trust Advisors LP increased its holdings in Cisco Systems by 155.6% in the third quarter. First Trust Advisors LP now owns 17,446,107 shares of the network equipment provider’s stock valued at $862,012,000 after purchasing an additional 10,621,798 shares during the period. Institutional investors own 71.10% of the company’s stock.

Shares of CSCO stock traded down $0.11 on Friday, reaching $39.93. 80,186,303 shares of the company were exchanged, compared to its average volume of 23,501,828. The company has a market cap of $178.80 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 2.43 and a beta of 1.22. The company has a 50-day moving average of $47.29 and a 200-day moving average of $47.26. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 1.75. Cisco Systems, Inc. has a one year low of $38.35 and a one year high of $58.26.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.01. The company had revenue of $12 billion for the quarter, compared to analysts’ expectations of $11.98 billion. Cisco Systems had a net margin of 21.44% and a return on equity of 36.40%. The business’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 EPS. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 2.96 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Friday, April 3rd will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Thursday, April 2nd. This is a boost from Cisco Systems’s previous quarterly dividend of $0.35. Cisco Systems’s dividend payout ratio is 49.12%.

In other news, EVP Maria Martinez sold 5,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $46.53, for a total transaction of $232,650.00. Following the transaction, the executive vice president now owns 199,321 shares of the company’s stock, valued at approximately $9,274,406.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kelly A. Kramer sold 70,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $41.17, for a total transaction of $2,881,900.00. Following the transaction, the chief financial officer now directly owns 308,241 shares in the company, valued at approximately $12,690,281.97. The disclosure for this sale can be found here. Insiders have sold a total of 79,044 shares of company stock worth $3,302,448 in the last three months. Insiders own 0.03% of the company’s stock.

A number of research firms recently weighed in on CSCO. Piper Jaffray Companies downgraded Cisco Systems from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $55.00 to $51.00 in a report on Monday, November 11th. Goldman Sachs Group restated a “hold” rating and issued a $48.00 price objective on shares of Cisco Systems in a report on Thursday, February 13th. Robert W. Baird increased their price objective on Cisco Systems from $52.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a research report on Thursday, November 14th. Finally, Barclays raised shares of Cisco Systems from an “equal weight” rating to an “overweight” rating and set a $53.00 price target on the stock in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $54.41.

Cisco Systems Company 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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