Evanston Investments Inc. dba Evanston Advisors raised its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 244,629 shares of the network equipment provider’s stock after acquiring an additional 3,138 shares during the period. Cisco Systems makes up about 2.0% of Evanston Investments Inc. dba Evanston Advisors’ portfolio, making the stock its 17th biggest position. Evanston Investments Inc. dba Evanston Advisors’ holdings in Cisco Systems were worth $8,227,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its stake 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 valued at $11,021,378,000 after acquiring an additional 7,411,891 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Cisco Systems by 23.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 62,709,508 shares of the network equipment provider’s stock valued at $2,109,614,000 after purchasing an additional 11,972,070 shares during the period. Nordea Investment Management AB lifted its stake in shares of Cisco Systems by 8.3% in the 3rd quarter. Nordea Investment Management AB now owns 34,013,570 shares of the network equipment provider’s stock valued at $1,143,876,000 after purchasing an additional 2,617,310 shares during the period. Boston Partners lifted its stake in shares of Cisco Systems by 1.1% in the 3rd quarter. Boston Partners now owns 30,401,385 shares of the network equipment provider’s stock valued at $1,022,399,000 after purchasing an additional 329,474 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of Cisco Systems by 11.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 27,570,250 shares of the network equipment provider’s stock valued at $862,949,000 after purchasing an additional 2,863,474 shares during the period. Institutional investors and hedge funds own 75.42% of the company’s stock.

Cisco Systems, Inc. (CSCO) opened at $41.23 on Wednesday. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39. The firm has a market cap of $200,711.05, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 3.65 and a beta of 1.23. Cisco Systems, Inc. has a 12-month low of $30.36 and a 12-month high of $42.98.

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, 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 during the quarter, compared to analyst estimates of $12.11 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. equities analysts predict that Cisco Systems, Inc. will post 2.23 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Stockholders of record on Friday, January 5th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Thursday, January 4th. Cisco Systems’s payout ratio is 60.10%.

In other news, Director Roderick C. Mcgeary sold 15,230 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.00, for a total transaction of $578,740.00. Following the completion of the sale, the director now owns 113,154 shares of the company’s stock, valued at $4,299,852. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Rebecca Jacoby sold 75,021 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $38.42, for a total transaction of $2,882,306.82. Following the sale, the senior vice president now directly owns 257,476 shares of the company’s stock, 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 valued at $12,892,271 in the last ninety days. Insiders own 0.05% of the company’s stock.

Several research firms recently issued reports on CSCO. Royal Bank of Canada reiterated a “buy” rating and issued a $44.00 target price on shares of Cisco Systems in a research note on Monday. Citigroup boosted their target price on shares of Cisco Systems from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Tuesday. Vetr upgraded shares of Cisco Systems from a “buy” rating to a “strong-buy” rating and set a $44.13 target price for the company in a research note on Monday. ValuEngine upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Instinet boosted their target price on shares of Cisco Systems from $39.53 to $46.00 and gave the company a “buy” rating in a research note on Monday. Eleven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $40.38.

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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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