Bank Hapoalim BM Lowers Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Bank Hapoalim BM lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 12.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,090 shares of the network equipment provider’s stock after selling 17,471 shares during the period. Cisco Systems makes up about 1.7% of Bank Hapoalim BM’s investment portfolio, making the stock its 20th largest holding. Bank Hapoalim BM’s holdings in Cisco Systems were worth $5,203,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Winfield Associates Inc. increased its stake in shares of Cisco Systems by 49.0% in the 3rd quarter. Winfield Associates Inc. now owns 5,471 shares of the network equipment provider’s stock valued at $266,000 after acquiring an additional 1,800 shares in the last quarter. Unigestion Holding SA increased its stake in shares of Cisco Systems by 3.8% in the 3rd quarter. Unigestion Holding SA now owns 85,600 shares of the network equipment provider’s stock valued at $4,164,000 after acquiring an additional 3,159 shares in the last quarter. Stevens First Principles Investment Advisors increased its stake in shares of Cisco Systems by 21.9% in the 3rd quarter. Stevens First Principles Investment Advisors now owns 48,794 shares of the network equipment provider’s stock valued at $2,374,000 after acquiring an additional 8,780 shares in the last quarter. Summit Asset Management LLC bought a new stake in shares of Cisco Systems in the 3rd quarter valued at $215,000. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Cisco Systems by 592.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,267,132 shares of the network equipment provider’s stock valued at $61,455,000 after acquiring an additional 1,084,236 shares in the last quarter. 74.49% of the stock is owned by institutional investors.

NASDAQ CSCO traded up $0.01 during trading on Monday, hitting $54.74. 26,069,337 shares of the company’s stock traded hands, compared to its average volume of 21,845,318. Cisco Systems, Inc. has a 12-month low of $40.25 and a 12-month high of $58.15. The stock has a market capitalization of $234.54 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 2.79 and a beta of 1.18. The company has a quick ratio of 1.64, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. The business’s 50 day simple moving average is $54.94.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, May 15th. The network equipment provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Cisco Systems had a net margin of 25.76% and a return on equity of 29.88%. The firm had revenue of $12.96 billion for the quarter, compared to the consensus estimate of $12.89 billion. During the same period in the prior year, the firm posted $0.66 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, research analysts expect that Cisco Systems, Inc. will post 2.8 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Friday, July 5th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Wednesday, July 3rd. Cisco Systems’s payout ratio is 59.83%.

Several analysts have recently weighed in on the stock. Tigress Financial reiterated a “buy” rating on shares of Cisco Systems in a research note on Thursday. UBS Group set a $61.00 price target on shares of Cisco Systems and gave the company a “buy” rating in a research note on Wednesday, June 26th. JPMorgan Chase & Co. restated a “buy” rating and set a $60.00 price target on shares of Cisco Systems in a research note on Wednesday, June 12th. William Blair lowered shares of Cisco Systems from an “outperform” rating to a “market perform” rating and set a $56.10 price target for the company. in a research note on Wednesday, June 12th. Finally, BidaskClub lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, June 11th. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $56.13.

In related news, Director Wesley G. Bush acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were bought at an average cost of $55.74 per share, for a total transaction of $557,400.00. Following the completion of the transaction, the director now owns 3,017 shares in the company, valued at $168,167.58. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kelly A. Kramer sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $53.56, for a total transaction of $3,749,200.00. Following the completion of the transaction, the chief financial officer now owns 349,122 shares in the company, valued at $18,698,974.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,129 shares of company stock worth $5,159,754. Insiders own 0.03% of the company’s stock.

About Cisco Systems

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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