Saratoga Research & Investment Management lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,933,084 shares of the network equipment provider’s stock after purchasing an additional 8,287 shares during the period. Cisco Systems comprises 4.5% of Saratoga Research & Investment Management’s holdings, making the stock its 8th biggest holding. Saratoga Research & Investment Management’s holdings in Cisco Systems were worth $65,010,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Southeast Asset Advisors Inc. increased its position in shares of Cisco Systems by 0.5% in the first quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock worth $312,000 after acquiring an additional 44 shares in the last quarter. Opes Advisors Inc increased its position in shares of Cisco Systems by 0.6% in the second quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock worth $236,000 after acquiring an additional 44 shares in the last quarter. Leisure Capital Management increased its position in shares of Cisco Systems by 0.6% in the second quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock worth $233,000 after acquiring an additional 48 shares in the last quarter. Ronald Blue & Co. LLC increased its position in shares of Cisco Systems by 0.3% in the second quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock worth $561,000 after acquiring an additional 57 shares in the last quarter. Finally, Banced Corp increased its position in shares of Cisco Systems by 0.4% in the second quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock worth $442,000 after acquiring an additional 59 shares in the last quarter. 75.55% of the stock is currently owned by institutional investors.

Several research firms have recently weighed in on CSCO. Vetr raised shares of Cisco Systems from a “sell” rating to a “hold” rating and set a $38.01 target price on the stock in a research report on Wednesday. Stifel Nicolaus reissued a “hold” rating and issued a $40.00 target price on shares of Cisco Systems in a research report on Thursday, December 14th. Sanford C. Bernstein reissued a “buy” rating and issued a $40.00 target price on shares of Cisco Systems in a research report on Monday, November 27th. Robert W. Baird reissued a “buy” rating and issued a $41.00 target price on shares of Cisco Systems in a research report on Tuesday, December 5th. Finally, UBS Group restated a “buy” rating and set a $39.00 price target on shares of Cisco Systems in a report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-one have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $37.17.

Cisco Systems, Inc. (CSCO) opened at $38.56 on Thursday. Cisco Systems, Inc. has a 52-week low of $29.80 and a 52-week high of $38.99. The stock has a market cap of $190,630.00, a price-to-earnings ratio of 19.98, a P/E/G ratio of 3.49 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The business had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Cisco Systems’s revenue was down 1.7% compared to the same quarter last year. analysts expect that Cisco Systems, Inc. will post 2.21 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Friday, January 5th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Thursday, January 4th. Cisco Systems’s dividend payout ratio (DPR) is currently 60.10%.

In related news, SVP Karen Walker sold 5,786 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $211,131.14. Following the transaction, the senior vice president now owns 176,418 shares of the company’s stock, valued at $6,437,492.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Rebecca Jacoby sold 75,021 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $38.42, for a total transaction of $2,882,306.82. Following the completion of the sale, the senior vice president now directly owns 257,476 shares in the company, valued at approximately $9,892,227.92. The disclosure for this sale can be found here. Insiders have sold 348,643 shares of company stock worth $12,892,271 in the last ninety days. 0.05% of the stock is currently owned by insiders.

COPYRIGHT VIOLATION WARNING: “Saratoga Research & Investment Management Has $65.01 Million Stake in Cisco Systems, Inc. (CSCO)” was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://theolympiareport.com/2017/12/28/saratoga-research-investment-management-has-65-01-million-stake-in-cisco-systems-inc-csco.html.

About Cisco Systems

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

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

Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.