Tokio Marine Asset Management Co. Ltd. lessened its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 23.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,528 shares of the network equipment provider’s stock after selling 12,963 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Cisco Systems were worth $1,397,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Cisco Systems by 2.2% during the second quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock worth $11,021,378,000 after buying an additional 7,411,891 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Cisco Systems by 54.2% during the second quarter. American Century Companies Inc. now owns 14,362,422 shares of the network equipment provider’s stock worth $449,544,000 after buying an additional 5,049,326 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Cisco Systems by 51.1% during the second quarter. Janus Henderson Group PLC now owns 13,528,059 shares of the network equipment provider’s stock worth $423,475,000 after buying an additional 4,577,831 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Cisco Systems by 36.1% during the second quarter. Parametric Portfolio Associates LLC now owns 13,415,432 shares of the network equipment provider’s stock worth $419,903,000 after buying an additional 3,559,275 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Cisco Systems by 12.1% during the second quarter. Nordea Investment Management AB now owns 31,396,260 shares of the network equipment provider’s stock worth $982,703,000 after buying an additional 3,384,768 shares in the last quarter. 75.55% of the stock is owned by institutional investors.

CSCO has been the subject of a number of research reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $36.00 target price on shares of Cisco Systems in a report on Wednesday, November 15th. Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 target price for the company. in a report on Monday, September 25th. BidaskClub raised shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a report on Friday. BMO Capital Markets reaffirmed a “hold” rating and set a $32.00 target price on shares of Cisco Systems in a report on Thursday, September 28th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $35.00 target price on shares of Cisco Systems in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $37.66.

In other Cisco Systems news, Director Roderick C. Mcgeary sold 15,230 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.00, for a total value of $578,740.00. Following the transaction, the director now owns 113,154 shares of the company’s stock, valued at $4,299,852. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Rebecca Jacoby sold 75,021 shares of the company’s stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 257,476 shares in the company, valued at approximately $9,892,227.92. The disclosure for this sale can be found here. Insiders sold 348,643 shares of company stock worth $12,892,271 in the last ninety days. 0.05% of the stock is currently owned by corporate insiders.

Cisco Systems, Inc. (NASDAQ CSCO) opened at $39.94 on Tuesday. Cisco Systems, Inc. has a 1 year low of $29.80 and a 1 year high of $39.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81. The company has a market cap of $197,450.00, a PE ratio of 20.69, a price-to-earnings-growth ratio of 3.57 and a beta of 1.19.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The company had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. Cisco Systems’s revenue for the quarter was down 1.7% compared to the same quarter last year. equities research analysts forecast that Cisco Systems, Inc. will post 2.21 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.16 dividend on an annualized basis and a yield of 2.90%. Cisco Systems’s payout ratio is currently 60.10%.

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Cisco Systems 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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