Ontario Teachers Pension Plan Board Has $5.43 Million Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Ontario Teachers Pension Plan Board increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 107,540 shares of the network equipment provider’s stock after purchasing an additional 6,719 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Cisco Systems were worth $5,433,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CSCO. Delta Asset Management LLC TN increased its holdings in Cisco Systems by 1.5% during the 4th quarter. Delta Asset Management LLC TN now owns 15,836 shares of the network equipment provider’s stock worth $800,000 after acquiring an additional 237 shares during the period. Pzena Investment Management LLC increased its holdings in Cisco Systems by 0.6% during the 4th quarter. Pzena Investment Management LLC now owns 583,559 shares of the network equipment provider’s stock worth $29,481,000 after acquiring an additional 3,594 shares during the period. JPL Wealth Management LLC bought a new stake in Cisco Systems during the 4th quarter worth approximately $2,646,000. Central Valley Advisors LLC bought a new stake in Cisco Systems during the 4th quarter worth approximately $1,615,000. Finally, InterOcean Capital Group LLC increased its holdings in Cisco Systems by 11.1% during the 4th quarter. InterOcean Capital Group LLC now owns 717,052 shares of the network equipment provider’s stock worth $36,225,000 after acquiring an additional 71,512 shares during the period. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, April 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a research note on Thursday, May 16th. JPMorgan Chase & Co. initiated coverage on shares of Cisco Systems in a research report on Monday, April 22nd. They set a “neutral” rating and a $53.00 price target for the company. UBS Group increased their price target on shares of Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Finally, Citigroup initiated coverage on shares of Cisco Systems in a research report on Friday, April 12th. They set a “neutral” rating and a $52.00 price target for the company. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $56.47.

Insider Buying and Selling

In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the sale, the executive vice president now owns 191,559 shares in the company, valued at $9,579,865.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of Cisco Systems stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction of $150,130.02. Following the completion of the transaction, the executive vice president now directly owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard Scott Herren sold 13,942 shares of Cisco Systems stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the transaction, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at $16,424,550. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,457 shares of company stock worth $1,358,772. Insiders own 0.02% of the company’s stock.

Cisco Systems Stock Performance

NASDAQ CSCO traded up $0.49 on Wednesday, reaching $47.43. 19,895,865 shares of the stock were exchanged, compared to its average volume of 19,438,047. The firm has a market capitalization of $192.05 billion, a PE ratio of 15.92, a PEG ratio of 2.15 and a beta of 0.87. The company has a current ratio of 0.89, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. Cisco Systems, Inc. has a one year low of $46.20 and a one year high of $58.19. The company’s 50-day simple moving average is $48.57 and its two-hundred day simple moving average is $49.40.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.18. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The company had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $12.53 billion. During the same quarter in the previous year, the business posted $0.88 earnings per share. Cisco Systems’s quarterly revenue was down 12.8% on a year-over-year basis. Analysts expect that Cisco Systems, Inc. will post 3.13 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Friday, July 5th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Friday, July 5th. Cisco Systems’s dividend payout ratio is presently 53.87%.

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 in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.