Capital Bank & Trust Co increased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,761,828 shares of the network equipment provider’s stock after purchasing an additional 3,062 shares during the period. Capital Bank & Trust Co’s holdings in Cisco Systems were worth $84,497,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in CSCO. Psagot Investment House Ltd. increased its stake in Cisco Systems by 65.2% during the 3rd quarter. Psagot Investment House Ltd. now owns 807,372 shares of the network equipment provider’s stock valued at $39,892,000 after purchasing an additional 318,519 shares in the last quarter. Colony Group LLC raised its position in shares of Cisco Systems by 0.3% during the 3rd quarter. Colony Group LLC now owns 631,635 shares of the network equipment provider’s stock valued at $31,209,000 after purchasing an additional 1,866 shares during the period. Voya Financial Advisors Inc. raised its holdings in Cisco Systems by 8.5% during the third quarter. Voya Financial Advisors Inc. now owns 89,616 shares of the network equipment provider’s stock valued at $4,377,000 after acquiring an additional 7,053 shares during the period. Merit Financial Group LLC boosted its stake in shares of Cisco Systems by 22.2% in the third quarter. Merit Financial Group LLC now owns 5,684 shares of the network equipment provider’s stock worth $281,000 after acquiring an additional 1,034 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. boosted its stake in shares of Cisco Systems by 1.2% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 337,614 shares of the network equipment provider’s stock worth $16,682,000 after acquiring an additional 3,840 shares during the period. 72.20% of the stock is owned by institutional investors.
In other news, CEO Charles Robbins sold 3,910 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $46.53, for a total value of $181,932.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kelly A. Kramer sold 70,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $41.17, for a total value of $2,881,900.00. Following the completion of the sale, the chief financial officer now owns 308,241 shares in the company, valued at approximately $12,690,281.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,910 shares of company stock worth $3,296,482. 0.03% of the stock is owned by corporate insiders.
Shares of NASDAQ:CSCO traded up $1.13 during trading on Thursday, reaching $38.80. The stock had a trading volume of 8,955,283 shares, compared to its average volume of 49,812,412. The company has a current ratio of 1.81, a quick ratio of 1.75 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $163.70 billion, a P/E ratio of 15.16, a PEG ratio of 2.44 and a beta of 1.23. The firm’s 50-day simple moving average is $42.12 and its 200 day simple moving average is $45.95. Cisco Systems, Inc. has a one year low of $32.40 and a one year high of $58.26.
Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.01. Cisco Systems had a return on equity of 36.40% and a net margin of 21.44%. The firm had revenue of $12 billion for the quarter, compared to the consensus estimate of $11.98 billion. During the same period in the previous year, the business earned $0.73 EPS. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities research analysts forecast that Cisco Systems, Inc. will post 2.93 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Friday, April 3rd will be given a $0.36 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 3.71%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.35. Cisco Systems’s dividend payout ratio is currently 49.12%.
A number of equities research analysts have issued reports on the stock. TheStreet lowered shares of Cisco Systems from a “b” rating to a “c+” rating in a report on Thursday, March 12th. Goldman Sachs Group restated a “hold” rating and set a $48.00 target price on shares of Cisco Systems in a research report on Thursday, February 13th. Credit Suisse Group cut their target price on shares of Cisco Systems from $46.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. ValuEngine raised Cisco Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, Nomura lowered their price objective on shares of Cisco Systems from $47.00 to $43.00 and set a “neutral” rating for the company in a research report on Monday. Twelve investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $52.64.
Cisco Systems Company Profile
Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.
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