Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 243,206 shares of the network equipment provider’s stock after selling 2,836 shares during the period. Cisco Systems makes up about 1.5% of Jacobs & Co. CA’s investment portfolio, making the stock its 18th biggest holding. Jacobs & Co. CA’s holdings in Cisco Systems were worth $12,583,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CSCO. Moneta Group Investment Advisors LLC increased its holdings in Cisco Systems by 112,307.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 59,519,500 shares of the network equipment provider’s stock worth $2,835,509,000 after purchasing an additional 59,466,550 shares during the last quarter. Norges Bank bought a new position in Cisco Systems during the 4th quarter valued at $2,028,781,000. FMR LLC lifted its position in shares of Cisco Systems by 21.4% during the first quarter. FMR LLC now owns 54,468,315 shares of the network equipment provider’s stock worth $2,847,331,000 after purchasing an additional 9,614,150 shares during the last quarter. Morgan Stanley increased its holdings in Cisco Systems by 17.4% in the fourth quarter. Morgan Stanley now owns 61,788,267 shares of the network equipment provider’s stock valued at $2,943,593,000 after buying an additional 9,160,347 shares during the last quarter. Finally, Providence Capital Advisors LLC raised its stake in Cisco Systems by 5,222.3% during the first quarter. Providence Capital Advisors LLC now owns 7,883,401 shares of the network equipment provider’s stock valued at $150,806,000 after buying an additional 7,735,281 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Insider Buying and Selling at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 3,022 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $56.22, for a total transaction of $169,896.84. Following the completion of the sale, the executive vice president now directly owns 169,396 shares of the company’s stock, valued at approximately $9,523,443.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Deborah L. Stahlkopf sold 3,022 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $56.22, for a total value of $169,896.84. Following the completion of the sale, the executive vice president now owns 169,396 shares of the company’s stock, valued at $9,523,443.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Maria Martinez sold 10,000 shares of Cisco Systems stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $55.18, for a total transaction of $551,800.00. Following the sale, the chief operating officer now owns 399,240 shares of the company’s stock, valued at approximately $22,030,063.20. The disclosure for this sale can be found here. Insiders have sold a total of 54,438 shares of company stock worth $2,948,779 over the last ninety days. Corporate insiders own 0.02% of the company’s stock.

Cisco Systems Trading Up 0.1 %

Shares of CSCO stock opened at $56.11 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $227.52 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 2.50 and a beta of 0.97. The firm’s fifty day simple moving average is $54.20 and its 200 day simple moving average is $51.17. Cisco Systems, Inc. has a 1 year low of $38.60 and a 1 year high of $58.19.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.08. Cisco Systems had a net margin of 22.13% and a return on equity of 33.42%. The firm had revenue of $15.20 billion for the quarter, compared to analyst estimates of $15.05 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 3.58 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.78%. The ex-dividend date is Tuesday, October 3rd. Cisco Systems’s dividend payout ratio is currently 50.81%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CSCO. Barclays lifted their price target on shares of Cisco Systems from $51.00 to $53.00 and gave the company an “equal weight” rating in a report on Thursday, August 17th. Citigroup raised their target price on Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, August 17th. Evercore ISI lifted their price objective on shares of Cisco Systems from $60.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday, August 17th. Oppenheimer reiterated an “outperform” rating and set a $58.00 price objective on shares of Cisco Systems in a research report on Thursday, August 17th. Finally, Raymond James increased their price target on Cisco Systems from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, August 17th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Cisco Systems presently has an average rating of “Hold” and an average price target of $59.43.

Cisco Systems Profile

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. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points that are standalone, controller appliance-based, switch-converged, and Meraki cloud-managed offerings; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.