Cisco Systems, Inc. (CSCO) Position Maintained by West Family Investments Inc.
West Family Investments Inc. maintained its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 120,000 shares of the network equipment provider’s stock at the close of the 2nd quarter. West Family Investments Inc.’s holdings in Cisco Systems were worth $3,495,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of CSCO. Boston Partners lifted its position in shares of Cisco Systems by 304.2% in the 1st quarter. Boston Partners now owns 30,563,666 shares of the network equipment provider’s stock worth $1,033,052,000 after purchasing an additional 23,002,159 shares during the period. Karp Capital Management Corp purchased a new stake in shares of Cisco Systems in the 1st quarter worth about $109,564,000. Acadian Asset Management LLC lifted its position in shares of Cisco Systems by 202.3% in the 2nd quarter. Acadian Asset Management LLC now owns 2,809,005 shares of the network equipment provider’s stock worth $87,922,000 after purchasing an additional 1,879,688 shares during the period. Sei Investments Co. lifted its position in shares of Cisco Systems by 62.6% in the 2nd quarter. Sei Investments Co. now owns 3,679,903 shares of the network equipment provider’s stock worth $115,182,000 after purchasing an additional 1,416,225 shares during the period. Finally, Locust Wood Capital Advisers LLC purchased a new stake in shares of Cisco Systems in the 2nd quarter worth about $31,483,000. 75.22% of the stock is owned by hedge funds and other institutional investors.
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In related news, SVP Karen Walker sold 23,110 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $740,906.60. Following the completion of the sale, the senior vice president now directly owns 192,774 shares of the company’s stock, valued at $6,180,334.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John T. Chambers sold 250,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $31.14, for a total transaction of $7,785,000.00. Following the completion of the sale, the insider now directly owns 729,305 shares of the company’s stock, valued at $22,710,557.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 485,138 shares of company stock valued at $15,347,574. 0.05% of the stock is owned by insiders.
Shares of Cisco Systems, Inc. (NASDAQ CSCO) opened at $33.99 on Monday. The stock has a market cap of $168,311.06, a price-to-earnings ratio of 15.66, a PEG ratio of 2.97 and a beta of 1.15. Cisco Systems, Inc. has a one year low of $29.12 and a one year high of $34.75. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.98 and a current ratio of 3.03.
Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.61. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The firm had revenue of $12.13 billion during the quarter, compared to analyst estimates of $12.07 billion. During the same period in the previous year, the firm earned $0.63 earnings per share. The business’s revenue was down 4.0% on a year-over-year basis. sell-side analysts predict that Cisco Systems, Inc. will post 2.18 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Thursday, October 5th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend was Wednesday, October 4th. Cisco Systems’s dividend payout ratio (DPR) is presently 60.73%.
Several research analysts recently issued reports on the stock. Robert W. Baird reiterated a “buy” rating and issued a $38.00 price target on shares of Cisco Systems in a research note on Friday. Cowen and Company reiterated a “buy” rating and issued a $38.00 price target on shares of Cisco Systems in a research note on Friday, November 3rd. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $36.00 price target on shares of Cisco Systems in a research note on Tuesday, October 31st. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a research note on Tuesday, October 24th. Finally, Berenberg Bank reiterated a “hold” rating and issued a $33.00 price target on shares of Cisco Systems in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $35.26.
About Cisco Systems
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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