Cisco Systems, Inc. (NASDAQ:CSCO) Stock Holdings Cut by Dearborn Partners LLC

Dearborn Partners LLC lessened its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,914 shares of the network equipment provider’s stock after selling 1,325 shares during the period. Dearborn Partners LLC’s holdings in Cisco Systems were worth $1,336,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CSCO. Public Employees Retirement Association of Colorado grew its stake in Cisco Systems by 4.8% in the first quarter. Public Employees Retirement Association of Colorado now owns 803,429 shares of the network equipment provider’s stock valued at $31,583,000 after purchasing an additional 36,521 shares in the last quarter. APG Asset Management N.V. increased its position in Cisco Systems by 83.2% during the first quarter. APG Asset Management N.V. now owns 6,240,073 shares of the network equipment provider’s stock worth $245,297,000 after buying an additional 2,834,587 shares during the last quarter. Disciplined Investments LLC raised its holdings in Cisco Systems by 12.9% during the first quarter. Disciplined Investments LLC now owns 3,221 shares of the network equipment provider’s stock valued at $127,000 after buying an additional 369 shares in the last quarter. Phoenix Holdings Ltd. acquired a new stake in shares of Cisco Systems in the first quarter worth about $1,053,000. Finally, Bay Harbor Wealth Management LLC boosted its stake in shares of Cisco Systems by 44.6% during the 1st quarter. Bay Harbor Wealth Management LLC now owns 4,782 shares of the network equipment provider’s stock worth $188,000 after acquiring an additional 1,474 shares in the last quarter. Institutional investors and hedge funds own 71.28% of the company’s stock.

Shares of CSCO stock traded up $0.02 during trading hours on Friday, reaching $38.84. 357,163 shares of the company were exchanged, compared to its average volume of 25,534,434. Cisco Systems, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $50.28. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.72 and a quick ratio of 1.67. The stock’s fifty day moving average is $39.64 and its two-hundred day moving average is $43.32. The company has a market cap of $164.34 billion, a price-to-earnings ratio of 14.76, a P/E/G ratio of 2.10 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.06. The firm had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $12.09 billion. Cisco Systems had a net margin of 22.75% and a return on equity of 34.75%. During the same quarter in the previous year, the company posted $0.83 EPS. On average, research analysts anticipate that Cisco Systems, Inc. will post 2.8 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 21st. Investors of record on Friday, October 2nd were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.71%. The ex-dividend date was Thursday, October 1st. Cisco Systems’s dividend payout ratio is 49.32%.

In other Cisco Systems news, CEO Charles Robbins sold 7,806 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $42.10, for a total transaction of $328,632.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Prat Bhatt sold 2,873 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $42.11, for a total value of $120,982.03. Following the completion of the transaction, the chief accounting officer now directly owns 82,006 shares in the company, valued at approximately $3,453,272.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,166 shares of company stock valued at $2,528,248. Corporate insiders own 0.03% of the company’s stock.

Several equities research analysts recently weighed in on the company. Credit Suisse Group reduced their target price on Cisco Systems from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Monday. BidaskClub cut shares of Cisco Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. UBS Group began coverage on Cisco Systems in a research report on Wednesday, September 23rd. They set a “neutral” rating and a $41.00 target price on the stock. Barclays cut Cisco Systems to a “hold” rating in a research report on Thursday, July 9th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Cisco Systems in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $47.05.

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 in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

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

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