Trust Co. of Vermont Sells 11,872 Shares of Cisco Systems, Inc. (CSCO)

Trust Co. of Vermont reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 7.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,198 shares of the network equipment provider’s stock after selling 11,872 shares during the quarter. Trust Co. of Vermont’s holdings in Cisco Systems were worth $4,883,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. bought a new position in Cisco Systems in the third quarter worth about $1,396,000. REDW Stanley Financial Advisors LLC bought a new position in Cisco Systems in the third quarter worth about $201,000. Community Financial Services Group LLC raised its holdings in Cisco Systems by 1.6% in the third quarter. Community Financial Services Group LLC now owns 239,910 shares of the network equipment provider’s stock worth $8,069,000 after purchasing an additional 3,761 shares in the last quarter. Cardinal Capital Management raised its holdings in Cisco Systems by 3.0% in the third quarter. Cardinal Capital Management now owns 137,849 shares of the network equipment provider’s stock worth $4,635,000 after purchasing an additional 3,998 shares in the last quarter. Finally, Saratoga Research & Investment Management raised its holdings in Cisco Systems by 0.4% in the third quarter. Saratoga Research & Investment Management now owns 1,933,084 shares of the network equipment provider’s stock worth $65,010,000 after purchasing an additional 8,287 shares in the last quarter. Hedge funds and other institutional investors own 75.55% of the company’s stock.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at $38.59 on Friday. The company has a market capitalization of $190,626.08, a P/E ratio of 19.99, a P/E/G ratio of 3.49 and a beta of 1.19. Cisco Systems, Inc. has a 52-week low of $29.80 and a 52-week 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.

Cisco Systems (NASDAQ:CSCO) last issued 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. The firm had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.11 billion. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. Cisco Systems’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. equities analysts expect that Cisco Systems, Inc. will post 2.21 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Friday, January 5th will be given a $0.29 dividend. The ex-dividend date 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 is currently 60.10%.

In other Cisco Systems news, insider John T. Chambers sold 250,000 shares of the company’s 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 sale, the insider now owns 712,736 shares in the company, valued at approximately $26,014,864. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Rebecca Jacoby sold 75,021 shares of the company’s 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 owns 257,476 shares in the company, valued at approximately $9,892,227.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 348,643 shares of company stock worth $12,892,271. 0.05% of the stock is owned by insiders.

A number of brokerages have commented on CSCO. Vetr upgraded shares of Cisco Systems from a “sell” rating to a “hold” rating and set a $38.01 target price for the company in a report on Wednesday. Stifel Nicolaus restated a “hold” rating and set a $40.00 price target on shares of Cisco Systems in a research note on Thursday, December 14th. Sanford C. Bernstein restated a “buy” rating and set a $40.00 price target on shares of Cisco Systems in a research note on Monday, November 27th. Robert W. Baird restated a “buy” rating and set a $41.00 price target on shares of Cisco Systems in a research note on Tuesday, December 5th. Finally, UBS Group restated a “buy” rating and set a $39.00 price target on shares of Cisco Systems in a research note on Thursday, November 16th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-one have assigned a buy rating to the company. Cisco Systems currently has an average rating of “Buy” and a consensus target price of $37.17.

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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).

Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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