Troy Asset Management Ltd Boosts Stake in Cisco Systems, Inc. (CSCO)

Troy Asset Management Ltd lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 15.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 117,250 shares of the network equipment provider’s stock after buying an additional 15,250 shares during the quarter. Cisco Systems comprises 0.2% of Troy Asset Management Ltd’s holdings, making the stock its 27th biggest position. Troy Asset Management Ltd’s holdings in Cisco Systems were worth $3,943,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Southeast Asset Advisors Inc. raised its stake in Cisco Systems by 0.5% in the first quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock valued at $312,000 after purchasing an additional 44 shares in the last quarter. Opes Advisors Inc raised its stake in Cisco Systems by 0.6% in the second quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock valued at $236,000 after purchasing an additional 44 shares in the last quarter. Leisure Capital Management raised its stake in Cisco Systems by 0.6% in the second quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock valued at $233,000 after purchasing an additional 48 shares in the last quarter. Ronald Blue & Co. LLC raised its stake in Cisco Systems by 0.3% in the second quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock valued at $561,000 after purchasing an additional 57 shares in the last quarter. Finally, Banced Corp raised its stake in Cisco Systems by 0.4% in the second quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock valued at $442,000 after purchasing an additional 59 shares in the last quarter. 75.55% of the stock is owned by institutional investors.

Cisco Systems, Inc. (NASDAQ CSCO) opened at $38.48 on Wednesday. The stock has a market capitalization of $190,576.63, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 3.49 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81. Cisco Systems, Inc. has a 12 month low of $29.80 and a 12 month high of $38.99.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be paid 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 3.01%. Cisco Systems’s dividend payout ratio (DPR) is presently 60.10%.

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

In other Cisco Systems news, SVP Rebecca Jacoby sold 75,021 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 257,476 shares in the company, valued at approximately $9,892,227.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Prat Bhatt sold 2,606 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total value of $95,092.94. Following the completion of the transaction, the chief accounting officer now owns 89,184 shares of the company’s stock, valued at approximately $3,254,324.16. The disclosure for this sale can be found here. Insiders sold a total of 348,643 shares of company stock valued at $12,892,271 in the last 90 days. Corporate 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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