Cisco Systems, Inc. (CSCO) Stake Boosted by Round Table Services LLC

Round Table Services LLC grew its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 35.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,650 shares of the network equipment provider’s stock after purchasing an additional 6,187 shares during the quarter. Round Table Services LLC’s holdings in Cisco Systems were worth $795,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CSCO. Vanguard Group Inc. boosted its stake in shares of Cisco Systems by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock valued at $11,021,378,000 after purchasing an additional 7,411,891 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Cisco Systems by 12.1% in the 2nd quarter. Nordea Investment Management AB now owns 31,396,260 shares of the network equipment provider’s stock valued at $982,703,000 after purchasing an additional 3,384,768 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Cisco Systems by 11.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 27,570,250 shares of the network equipment provider’s stock valued at $862,949,000 after purchasing an additional 2,863,474 shares in the last quarter. LSV Asset Management boosted its stake in shares of Cisco Systems by 0.5% in the 2nd quarter. LSV Asset Management now owns 27,453,460 shares of the network equipment provider’s stock valued at $859,293,000 after purchasing an additional 134,162 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Cisco Systems by 2.4% in the 2nd quarter. Legal & General Group Plc now owns 26,334,633 shares of the network equipment provider’s stock valued at $824,310,000 after purchasing an additional 618,346 shares in the last quarter. 75.55% of the stock is currently owned by institutional investors.

Several research analysts recently issued reports on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $40.00 price target on shares of Cisco Systems in a research report on Thursday, December 14th. Vetr downgraded shares of Cisco Systems from a “hold” rating to a “sell” rating and set a $35.93 price target on the stock. in a research report on Wednesday, November 29th. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $40.00 price target on shares of Cisco Systems in a research note on Monday, November 27th. Robert W. Baird reaffirmed a “buy” rating and issued a $41.00 price target on shares of Cisco Systems in a research note on Tuesday, December 5th. Finally, UBS reaffirmed a “buy” rating and issued a $39.00 price target on shares of Cisco Systems in a research note on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $37.10.

Cisco Systems, Inc. (CSCO) opened at $38.53 on Friday. Cisco Systems, Inc. has a 12-month low of $29.80 and a 12-month high of $38.99. 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 stock has a market capitalization of $190,480.00, a PE ratio of 17.65, a price-to-earnings-growth ratio of 3.46 and a beta of 1.19.

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

The firm 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. This represents a $1.16 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Thursday, January 4th. Cisco Systems’s dividend payout ratio is presently 60.10%.

In other Cisco Systems news, SVP Rebecca Jacoby sold 75,021 shares of Cisco Systems stock in a transaction that occurred on 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 completion of the sale, the senior vice president now directly owns 257,476 shares in the company, valued at $9,892,227.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John T. Chambers sold 250,000 shares of Cisco Systems stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $36.50, for a total value of $9,125,000.00. Following the completion of the sale, the insider now owns 712,736 shares of the company’s stock, valued at $26,014,864. The disclosure for this sale can be found here. Insiders have sold 348,643 shares of company stock worth $12,892,271 over the last three months. Insiders own 0.05% of the company’s stock.

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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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