Stillwater Capital Advisors LLC Reduces Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Stillwater Capital Advisors LLC lowered its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 228,487 shares of the network equipment provider’s stock after selling 661 shares during the quarter. Cisco Systems makes up about 2.9% of Stillwater Capital Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Stillwater Capital Advisors LLC’s holdings in Cisco Systems were worth $11,290,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lord Abbett & CO. LLC boosted its stake in shares of Cisco Systems by 0.8% in the 4th quarter. Lord Abbett & CO. LLC now owns 6,155,166 shares of the network equipment provider’s stock valued at $266,703,000 after purchasing an additional 46,385 shares in the last quarter. Semmax Financial Advisors Inc. acquired a new stake in shares of Cisco Systems in the 4th quarter valued at $126,000. Foresters Investment Management Company Inc. boosted its stake in shares of Cisco Systems by 0.7% in the 4th quarter. Foresters Investment Management Company Inc. now owns 1,439,475 shares of the network equipment provider’s stock valued at $62,372,000 after purchasing an additional 9,600 shares in the last quarter. Cohen & Steers Inc. acquired a new stake in shares of Cisco Systems in the 4th quarter valued at $51,000. Finally, Stamos Capital Partners L.P. acquired a new stake in shares of Cisco Systems in the 4th quarter valued at $2,496,000. Institutional investors and hedge funds own 73.31% of the company’s stock.

Cisco Systems stock traded up $0.83 during trading hours on Friday, reaching $46.98. 12,683,300 shares of the company’s stock traded hands, compared to its average volume of 19,983,844. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 1.51. Cisco Systems, Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $58.26. The firm has a market capitalization of $196.94 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 2.24 and a beta of 1.28. The firm’s 50 day moving average is $48.15 and its 200-day moving average is $53.22.



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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Friday, October 4th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 2.98%. Cisco Systems’s payout ratio is presently 49.12%.

Several research analysts recently issued reports on the stock. Bank of America reiterated a “buy” rating and set a $62.00 price target on shares of Cisco Systems in a research report on Wednesday, July 10th. MKM Partners reduced their price target on shares of Cisco Systems from $56.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Cowen reduced their price target on shares of Cisco Systems from $65.00 to $61.00 and set an “outperform” rating on the stock in a research report on Thursday, August 15th. Robert W. Baird set a $54.00 price target on shares of Cisco Systems and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, UBS Group set a $58.00 price target on shares of Cisco Systems and gave the stock a “buy” rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. Cisco Systems presently has a consensus rating of “Buy” and an average price target of $56.04.

In other news, EVP Mark D. Chandler sold 10,733 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $50.05, for a total value of $537,186.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Goeckeler sold 70,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $49.22, for a total value of $3,445,400.00. Following the completion of the sale, the executive vice president now directly owns 429,398 shares of the company’s stock, valued at $21,134,969.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 193,130 shares of company stock worth $9,359,179. Corporate 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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