Mn Services Vermogensbeheer B.V. increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 826,236 shares of the network equipment provider’s stock after acquiring an additional 3,900 shares during the quarter. Cisco Systems accounts for 0.7% of Mn Services Vermogensbeheer B.V.’s portfolio, making the stock its 27th biggest position. Mn Services Vermogensbeheer B.V.’s holdings in Cisco Systems were worth $27,786,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CSCO. Barnett & Company Inc. boosted its position in Cisco Systems by 1,511.5% in the second quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock worth $101,000 after purchasing an additional 3,023 shares during the last quarter. Tortoise Investment Management LLC boosted its position in Cisco Systems by 36.1% in the second quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock worth $104,000 after purchasing an additional 878 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in Cisco Systems in the second quarter worth $104,000. Grove Bank & Trust boosted its position in Cisco Systems by 141.3% in the second quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock worth $113,000 after purchasing an additional 2,120 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its position in Cisco Systems by 10.7% in the second quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock worth $113,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 75.55% of the company’s stock.

Several research analysts have weighed in on the company. BMO Capital Markets reissued a “hold” rating and issued a $32.00 price objective on shares of Cisco Systems in a research report on Thursday, September 28th. Piper Jaffray Companies reissued an “overweight” rating and issued a $44.00 price objective on shares of Cisco Systems in a research report on Wednesday. Vetr cut Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 price objective on the stock. in a research report on Monday, September 25th. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research report on Tuesday, September 19th. Finally, Credit Suisse Group reissued a “hold” rating and issued a $35.00 price objective on shares of Cisco Systems in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $37.93.

Cisco Systems, Inc. (NASDAQ:CSCO) opened at $40.87 on Friday. The company has a market capitalization of $202,045.83, a price-to-earnings ratio of 21.18, a PEG ratio of 3.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87. Cisco Systems, Inc. has a 1 year low of $29.84 and a 1 year high of $40.93.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.11 billion. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 EPS. sell-side analysts forecast that Cisco Systems, Inc. will post 2.21 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Friday, January 5th will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, January 4th. This represents a $1.16 dividend on an annualized basis and a yield of 2.84%. Cisco Systems’s dividend payout ratio (DPR) is 60.10%.

In related news, CAO Prat Bhatt sold 2,606 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $95,092.94. Following the sale, the chief accounting officer now owns 89,184 shares of the company’s stock, valued at approximately $3,254,324.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Rebecca Jacoby sold 75,021 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $38.42, for a total value of $2,882,306.82. Following the sale, 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 have sold a total of 348,643 shares of company stock worth $12,892,271 in the last three months. 0.05% of the stock is currently owned by insiders.

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Cisco Systems Company 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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