Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 10,757,298 shares of the network equipment provider’s stock after selling 26,398 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Cisco Systems were worth $361,768,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vantage Financial Partners Ltd. Inc. bought a new stake in Cisco Systems during the second quarter worth approximately $231,000. Barnett & Company Inc. boosted its holdings in Cisco Systems by 1,511.5% during the second quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock worth $101,000 after buying an additional 3,023 shares in the last quarter. Tortoise Investment Management LLC boosted its stake in Cisco Systems by 36.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock worth $104,000 after purchasing an additional 878 shares during the period. Mountain Capital Investment Advisors Inc acquired a new position in Cisco Systems in the 2nd quarter worth approximately $104,000. Finally, Manchester Capital Management LLC boosted its stake in Cisco Systems by 10.7% in the 2nd quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock worth $113,000 after purchasing an additional 350 shares during the period. Hedge funds and other institutional investors own 75.42% of the company’s stock.

A number of equities analysts recently commented on CSCO shares. Oppenheimer reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Cisco Systems in a research note on Friday, October 20th. BMO Capital Markets reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Cisco Systems in a research note on Monday, October 23rd. Berenberg Bank reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Cisco Systems in a research note on Tuesday, October 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a research note on Tuesday, October 24th. Finally, Cowen reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Cisco Systems in a research note on Friday, November 3rd. Eleven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. Cisco Systems presently has an average rating of “Buy” and a consensus target price of $40.47.

In other news, SVP Rebecca Jacoby sold 75,021 shares of the firm’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 transaction, the senior vice president now owns 257,476 shares in the company, valued at approximately $9,892,227.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John T. Chambers sold 250,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the transaction, the insider now owns 712,736 shares in the company, valued at approximately $26,014,864. The disclosure for this sale can be found here. Insiders have sold a total of 348,643 shares of company stock worth $12,892,271 in the last 90 days. 0.05% of the stock is owned by insiders.

Cisco Systems, Inc. (NASDAQ CSCO) opened at $42.09 on Thursday. The firm has a market cap of $208,080.00, a price-to-earnings ratio of 21.81, a PEG ratio of 3.65 and a beta of 1.23. 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 twelve month low of $30.36 and a twelve month high of $42.98.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. During the same quarter in the prior year, the company posted $0.57 EPS. sell-side analysts forecast that Cisco Systems, Inc. will post 2.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Thursday, April 5th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.14%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.29. Cisco Systems’s dividend payout ratio (DPR) is currently 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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