Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 9.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 406,638 shares of the network equipment provider’s stock after purchasing an additional 35,166 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Cisco Systems were worth $13,675,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CSCO. Ameriprise Financial Inc. grew its position in Cisco Systems by 23.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 62,709,508 shares of the network equipment provider’s stock worth $2,109,614,000 after acquiring an additional 11,972,070 shares during the last quarter. Vanguard Group Inc. grew its position in Cisco Systems by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock worth $11,021,378,000 after acquiring an additional 7,411,891 shares during the last quarter. American Century Companies Inc. grew its position in Cisco Systems by 54.2% during the 2nd quarter. American Century Companies Inc. now owns 14,362,422 shares of the network equipment provider’s stock worth $449,544,000 after acquiring an additional 5,049,326 shares during the last quarter. Janus Henderson Group PLC grew its position in Cisco Systems by 51.1% during the 2nd quarter. Janus Henderson Group PLC now owns 13,528,059 shares of the network equipment provider’s stock worth $423,475,000 after acquiring an additional 4,577,831 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in Cisco Systems by 36.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 13,415,432 shares of the network equipment provider’s stock worth $419,903,000 after acquiring an additional 3,559,275 shares during the last quarter. 75.42% of the stock is currently owned by institutional investors.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at $40.60 on Tuesday. 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, Inc. has a 1 year low of $30.36 and a 1 year high of $42.98. The firm has a market capitalization of $195,421.38, a P/E ratio of 18.22, a P/E/G ratio of 3.55 and a beta of 1.23.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The company had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. research analysts predict that Cisco Systems, Inc. will post 2.23 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Friday, January 5th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, January 4th. This represents a $1.16 annualized dividend and a dividend yield of 2.86%. Cisco Systems’s dividend payout ratio is presently 60.10%.

In related news, Director Roderick C. Mcgeary sold 15,230 shares of Cisco Systems stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.00, for a total transaction of $578,740.00. Following the sale, the director now directly owns 113,154 shares in the company, valued at $4,299,852. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Prat Bhatt sold 2,606 shares of Cisco Systems stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total value of $95,092.94. Following the sale, the chief accounting officer now owns 89,184 shares in the company, valued at $3,254,324.16. The disclosure for this sale can be found here. Insiders have sold 348,643 shares of company stock worth $12,892,271 over the last 90 days. 0.05% of the stock is currently owned by corporate insiders.

Several research firms recently issued reports on CSCO. Instinet raised their price target on Cisco Systems from $39.53 to $46.00 and gave the stock a “buy” rating in a research report on Monday. Nomura upgraded Cisco Systems from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Monday. Royal Bank of Canada restated a “buy” rating and set a $44.00 price target on shares of Cisco Systems in a research report on Monday. Vetr upgraded Cisco Systems from a “buy” rating to a “strong-buy” rating and set a $44.13 price target on the stock in a research report on Monday. Finally, Goldman Sachs Group began coverage on Cisco Systems in a research report on Wednesday, February 7th. They set a “buy” rating and a $48.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $40.19.

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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).

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

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