Cape Cod Five Cents Savings Bank reduced its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 175,917 shares of the network equipment provider’s stock after selling 1,642 shares during the period. Cape Cod Five Cents Savings Bank’s holdings in Cisco Systems were worth $5,506,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the stock. Dodge & Cox purchased a new position in Cisco Systems during the fourth quarter worth $1,950,935,000. Norges Bank purchased a new position in Cisco Systems during the fourth quarter worth $1,306,395,000. Boston Partners increased its position in Cisco Systems by 304.2% in the first quarter. Boston Partners now owns 30,563,666 shares of the network equipment provider’s stock worth $1,033,052,000 after buying an additional 23,002,159 shares during the period. Asset Management One Co. Ltd. increased its stake in Cisco Systems by 1,032.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 8,822,459 shares of the network equipment provider’s stock valued at $266,816,000 after buying an additional 8,043,558 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Cisco Systems during the fourth quarter valued at approximately $134,343,000. Institutional investors and hedge funds own 75.40% of the company’s stock.
Shares of Cisco Systems, Inc. (NASDAQ CSCO) traded up 1.52% during trading on Friday, reaching $31.47. The company’s stock had a trading volume of 20,756,566 shares. The company has a market cap of $157.35 billion, a PE ratio of 15.97 and a beta of 1.24. Cisco Systems, Inc. has a 12-month low of $29.12 and a 12-month high of $34.60. The company has a 50 day moving average of $31.54 and a 200 day moving average of $32.53. Cisco Systems also saw unusually large options trading on Wednesday. Traders acquired 21,024 call options on the company. This represents an increase of approximately 113% compared to the average daily volume of 9,855 call options.
Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $11.94 billion during the quarter, compared to analyst estimates of $11.90 billion. Cisco Systems had a return on equity of 17.31% and a net margin of 20.61%. Cisco Systems’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share. On average, analysts anticipate that Cisco Systems, Inc. will post $2.38 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Friday, July 7th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Wednesday, July 5th. Cisco Systems’s payout ratio is presently 58.29%.
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Several equities research analysts have recently commented on CSCO shares. Jefferies Group LLC reissued a “buy” rating and issued a $37.00 price objective on shares of Cisco Systems in a report on Friday, May 26th. William Blair restated an “outperform” rating on shares of Cisco Systems in a research note on Monday, July 3rd. Robert W. Baird reiterated a “buy” rating on shares of Cisco Systems in a research report on Monday, May 1st. Zacks Investment Research cut Cisco Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $36.00 price objective (down previously from $37.00) on shares of Cisco Systems in a research report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $35.31.
In related news, SVP Rebecca Jacoby sold 92,840 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $31.71, for a total value of $2,943,956.40. Following the transaction, the senior vice president now directly owns 271,725 shares of the company’s stock, valued at approximately $8,616,399.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John T. Chambers sold 295,537 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $31.52, for a total value of $9,315,326.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 396,179 shares of company stock worth $12,503,407. Insiders own 0.11% of the company’s stock.
Cisco Systems Company 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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