Bartlett & Co. LLC decreased its position in shares of Cisco Systems, Inc. (NASDAQ: CSCO – Get Rating) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,740 shares of the network equipment provider’s stock after selling 2,249 shares during the quarter. Bartlett & Co. LLC’s holdings in Cisco Systems were worth $ 4,039,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in CSCO. BlackRock Inc. lifted its stake in Cisco Systems by 3.5% in the fourth quarter. BlackRock Inc. now owns 350,404,388 shares of the network equipment provider’s stock valued at $ 22,205,126,000 after buying an additional 11,804,677 shares in the last quarter. State Street Corp lifted its stake in Cisco Systems by 3.2% in the fourth quarter. State Street Corp now owns 186,125,154 shares of the network equipment provider’s stock valued at $ 11,794,751,000 after buying an additional 5,730,165 shares in the last quarter. Geode Capital Management LLC lifted its stake in Cisco Systems by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 73,136,734 shares of the network equipment provider’s stock valued at $ 4,623,101,000 after buying an additional 1,380,066 shares in the last quarter. Northern Trust Corp lifted its stake in Cisco Systems by 0.3% in the fourth quarter. Northern Trust Corp now owns 55,173,669 shares of the network equipment provider’s stock valued at $ 3,496,355,000 after buying an additional 183,779 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Cisco Systems by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 50,268,847 shares of the network equipment provider’s stock valued at $ 3,185,537,000 after buying an additional 2,336,314 shares in the last quarter. 73.18% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Charles Robbins sold 12,717 shares of the business’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $ 43.79, for a total value of $ 556,877.43. Following the completion of the sale, the chief executive officer now owns 651,577 shares of the company stock, valued at $ 28,532,556.83. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Prat Bhatt sold 3,700 shares of the company stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $ 43.34, for a total transaction of $ 160,358.00. Following the sale, the senior vice president now directly owns 80,784 shares of the company stock, valued at approximately $ 3,501,178.56. The disclosure for this sale can be found here. In the last three months, insiders sold 25,326 shares of company stock valued at $ 1,103,159. 0.02% of the stock is currently owned by company insiders.
CSCO stock opened at $ 43.39 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.49 and a quick ratio of 1.40. The company has a fifty day moving average price of $ 47.76 and a two-hundred day moving average price of $ 54.02. Cisco Systems, Inc. has a one year low of $ 41.02 and a one year high of $ 64.29. The stock has a market cap of $ 179.68 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 2.23 and a beta of 0.99.
Cisco Systems (NASDAQ: CSCO – Get Rating) last released its quarterly earnings data on Wednesday, May 18th. The network equipment provider reported $ 0.87 EPS for the quarter, topping analysts’ consensus estimates of $ 0.86 by $ 0.01. Cisco Systems had a net margin of 23.28% and a return on equity of 31.22%. During the same quarter in the previous year, the business earned $ 0.75 earnings per share. Research analysts anticipate that Cisco Systems, Inc. will post 2.99 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 27th. Shareholders of record on Wednesday, July 6th will be given a dividend of $ 0.38 per share. The ex-dividend date is Tuesday, July 5th. This represents a $ 1.52 dividend on an annualized basis and a yield of 3.50%. Cisco Systems’s dividend payout ratio (DPR) is 53.33%.
A number of research analysts have weighed in on CSCO shares. Morgan Stanley cut their price target on shares of Cisco Systems from $ 59.00 to $ 46.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 19th. Cowen lowered their price objective on shares of Cisco Systems to $ 58.00 and set a “neutral” rating on the stock in a report on Thursday, May 19th. Bank of America lowered their price objective on shares of Cisco Systems from $ 62.00 to $ 52.00 and set a “buy” rating on the stock in a report on Thursday, May 19th. Oppenheimer lowered their price objective on shares of Cisco Systems from $ 60.00 to $ 50.00 and set an “outperform” rating on the stock in a report on Thursday, May 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their objective price on shares of Cisco Systems from $ 59.00 to $ 51.00 and set a “hold” rating on the stock in a report on Thursday, May 19th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company stock. According to MarketBeat, Cisco Systems has an average rating of “Buy” and a consensus target price of $ 55.05.
Cisco Systems Company Profile: (Get Rating)
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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and / or store data.
Recommended Stories:
Receive News & Ratings for Cisco Systems Daily: – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Cisco Systems and related companies with MarketBeat.com’s FREE daily email newsletter.
.