Advisor Partners LLC boosted its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,987 shares of the network equipment provider’s stock after acquiring an additional 3,724 shares during the quarter. Advisor Partners LLC owned 18.98% of Cisco Systems worth $3,161,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CSCO. Vanguard Group Inc. grew its stake in shares of Cisco Systems by 2.2% during the second quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock worth $11,021,378,000 after buying an additional 7,411,891 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Cisco Systems by 12.1% during the second quarter. Nordea Investment Management AB now owns 31,396,260 shares of the network equipment provider’s stock worth $982,703,000 after buying an additional 3,384,768 shares during the last quarter. Boston Partners grew its stake in shares of Cisco Systems by 1.1% during the third quarter. Boston Partners now owns 30,401,385 shares of the network equipment provider’s stock worth $1,022,399,000 after buying an additional 329,474 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Cisco Systems by 11.6% during the second quarter. TIAA CREF Investment Management LLC now owns 27,570,250 shares of the network equipment provider’s stock worth $862,949,000 after buying an additional 2,863,474 shares during the last quarter. Finally, LSV Asset Management grew its stake in shares of Cisco Systems by 0.5% during the second quarter. LSV Asset Management now owns 27,453,460 shares of the network equipment provider’s stock worth $859,293,000 after buying an additional 134,162 shares during the last quarter. 75.60% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Karen Walker sold 5,786 shares of the company’s stock in a transaction dated 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 in the company, valued at $6,437,492.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Rebecca Jacoby sold 75,021 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 257,476 shares in the company, valued at approximately $9,892,227.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 348,643 shares of company stock worth $12,892,271. 0.05% of the stock is owned by company insiders.

A number of analysts have weighed in on the stock. Barclays boosted their target price on shares of Cisco Systems from $37.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday. Jefferies Group boosted their price objective on shares of Cisco Systems to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Deutsche Bank reissued a “buy” rating and issued a $45.00 price objective (up previously from $40.00) on shares of Cisco Systems in a research note on Thursday, November 16th. Bank of America boosted their price objective on shares of Cisco Systems from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, November 16th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $40.00 price objective on shares of Cisco Systems in a research note on Thursday, December 14th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $38.47.

Cisco Systems, Inc. (CSCO) opened at $41.30 on Friday. The stock has a market cap of $204,170.00, a price-to-earnings ratio of 21.40, a P/E/G ratio of 3.67 and a beta of 1.19. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39. Cisco Systems, Inc. has a fifty-two week low of $29.92 and a fifty-two week high of $41.48.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Friday, January 5th will be issued a $0.29 dividend. The ex-dividend date is Thursday, January 4th. This represents a $1.16 annualized dividend and a yield of 2.81%. Cisco Systems’s payout ratio is 60.10%.

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Cisco Systems Company Profile

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).

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

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