Premier Asset Management LLC Has $1.29 Million Holdings in Cisco Systems, Inc. (CSCO)
Premier Asset Management LLC raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,133 shares of the network equipment provider’s stock after buying an additional 358 shares during the period. Premier Asset Management LLC’s holdings in Cisco Systems were worth $1,287,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of CSCO. Boston Partners raised its stake in Cisco Systems by 304.2% in the first quarter. Boston Partners now owns 30,563,666 shares of the network equipment provider’s stock valued at $1,033,052,000 after buying an additional 23,002,159 shares in the last quarter. Karp Capital Management Corp acquired a new stake in shares of Cisco Systems during the first quarter worth about $109,564,000. Acadian Asset Management LLC increased its position in shares of Cisco Systems by 202.3% during the second 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 in the last quarter. Mondrian Investment Partners LTD acquired a new stake in shares of Cisco Systems during the first quarter worth about $60,047,000. Finally, Sei Investments Co. increased its position in shares of Cisco Systems by 62.6% during the second 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 in the last quarter. Institutional investors own 75.22% of the company’s stock.
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In other news, SVP Mark D. Chandler sold 65,000 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $32.43, for a total transaction of $2,107,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John T. Chambers sold 250,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $31.14, for a total value of $7,785,000.00. Following the sale, the insider now 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 90 days, insiders have sold 485,138 shares of company stock valued at $15,347,574. Insiders own 0.05% of the company’s stock.
Cisco Systems, Inc. (NASDAQ:CSCO) opened at $33.99 on Friday. The company has a quick ratio of 2.98, a current ratio of 3.03 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $168,608.17, a price-to-earnings ratio of 15.69, a price-to-earnings-growth ratio of 2.98 and a beta of 1.15. Cisco Systems, Inc. has a twelve month low of $29.12 and a twelve month high of $34.75.
Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. The company had revenue of $12.13 billion during the quarter, compared to the consensus estimate of $12.07 billion. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. Cisco Systems’s revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 EPS. equities research analysts anticipate that Cisco Systems, Inc. will post 2.18 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Thursday, October 5th were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $1.16 annualized dividend and a yield of 3.41%. Cisco Systems’s dividend payout ratio (DPR) is presently 60.73%.
A number of analysts have recently commented on CSCO shares. Vetr upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $33.39 target price on the stock in a research report on Monday, July 17th. Stifel Nicolaus set a $34.00 target price on Cisco Systems and gave the stock a “hold” rating in a research report on Tuesday, August 15th. BMO Capital Markets reiterated a “hold” rating and set a $32.00 target price on shares of Cisco Systems in a research report on Thursday, September 28th. JMP Securities reiterated a “market perform” rating on shares of Cisco Systems in a research report on Friday, August 18th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $40.00 target price on shares of Cisco Systems in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have issued a buy rating to the company. Cisco Systems currently has an average rating of “Buy” and a consensus target price of $35.26.
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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