Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by Stewart & Patten Co. LLC

Stewart & Patten Co. LLC boosted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 309,165 shares of the network equipment provider’s stock after buying an additional 26,788 shares during the quarter. Cisco Systems accounts for approximately 2.5% of Stewart & Patten Co. LLC’s portfolio, making the stock its 19th largest holding. Stewart & Patten Co. LLC’s holdings in Cisco Systems were worth $14,828,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CSCO. Eagle Capital Management LLC lifted its position in shares of Cisco Systems by 1.2% in the 2nd quarter. Eagle Capital Management LLC now owns 53,827 shares of the network equipment provider’s stock worth $2,946,000 after buying an additional 612 shares during the last quarter. Smith Asset Management Group LP lifted its holdings in Cisco Systems by 486,558.8% during the 2nd quarter. Smith Asset Management Group LP now owns 330,928 shares of the network equipment provider’s stock worth $18,112,000 after purchasing an additional 330,860 shares in the last quarter. Arjuna Capital lifted its holdings in Cisco Systems by 1.8% during the 2nd quarter. Arjuna Capital now owns 81,513 shares of the network equipment provider’s stock worth $4,461,000 after purchasing an additional 1,435 shares in the last quarter. Keudell Morrison Wealth Management lifted its holdings in Cisco Systems by 70.2% during the 2nd quarter. Keudell Morrison Wealth Management now owns 38,279 shares of the network equipment provider’s stock worth $2,095,000 after purchasing an additional 15,784 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in Cisco Systems by 6.5% during the 2nd quarter. Assetmark Inc. now owns 42,100 shares of the network equipment provider’s stock worth $2,304,000 after purchasing an additional 2,580 shares in the last quarter. Institutional investors own 72.55% of the company’s stock.

Several analysts have weighed in on the company. Credit Suisse Group set a $46.00 price target on Cisco Systems and gave the company a “neutral” rating in a report on Thursday, November 14th. William Blair reaffirmed a “market perform” rating on shares of Cisco Systems in a report on Thursday, November 14th. BidaskClub cut Cisco Systems from a “hold” rating to a “sell” rating in a report on Tuesday. KeyCorp lowered their price target on Cisco Systems from $54.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $54.00 price target on shares of Cisco Systems in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $54.69.

In other news, CEO Charles Robbins sold 208,084 shares of Cisco Systems stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $44.83, for a total value of $9,328,405.72. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Irving Tan sold 10,733 shares of Cisco Systems stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $44.81, for a total value of $480,945.73. Following the completion of the sale, the executive vice president now owns 172,199 shares in the company, valued at $7,716,237.19. The disclosure for this sale can be found here. Over the last quarter, insiders sold 388,864 shares of company stock worth $17,474,321. Corporate insiders own 0.03% of the company’s stock.

CSCO traded down $0.02 on Friday, hitting $49.04. 8,966,012 shares of the company were exchanged, compared to its average volume of 18,083,527. The firm has a fifty day simple moving average of $46.53 and a two-hundred day simple moving average of $49.11. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.64 and a current ratio of 1.70. Cisco Systems, Inc. has a 12 month low of $43.40 and a 12 month high of $58.26. The stock has a market capitalization of $202.74 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 2.78 and a beta of 1.23.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.03. Cisco Systems had a return on equity of 35.01% and a net margin of 21.15%. The business had revenue of $13.16 billion for the quarter, compared to analyst estimates of $13.09 billion. During the same period last year, the company earned $0.75 EPS. Cisco Systems’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts expect that Cisco Systems, Inc. will post 2.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.86%. Cisco Systems’s dividend payout ratio is currently 49.12%.

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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