Cisco Systems, Inc. (CSCO) Stake Lessened by Whitnell & Co.

Whitnell & Co. reduced its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 20.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,236 shares of the network equipment provider’s stock after selling 8,900 shares during the quarter. Whitnell & Co.’s holdings in Cisco Systems were worth $1,151,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Richard Bernstein Advisors LLC raised its position in shares of Cisco Systems by 21.2% during the 2nd quarter. Richard Bernstein Advisors LLC now owns 269,441 shares of the network equipment provider’s stock worth $8,434,000 after purchasing an additional 47,211 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in shares of Cisco Systems by 10.4% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 152,990 shares of the network equipment provider’s stock worth $4,789,000 after purchasing an additional 14,395 shares during the last quarter. Eads & Heald Investment Counsel raised its position in shares of Cisco Systems by 15.7% during the 2nd quarter. Eads & Heald Investment Counsel now owns 42,453 shares of the network equipment provider’s stock worth $1,329,000 after purchasing an additional 5,765 shares during the last quarter. Aviva PLC raised its position in shares of Cisco Systems by 6.5% during the 2nd quarter. Aviva PLC now owns 4,769,809 shares of the network equipment provider’s stock worth $149,343,000 after purchasing an additional 289,899 shares during the last quarter. Finally, Callahan Advisors LLC raised its position in shares of Cisco Systems by 0.3% during the 2nd quarter. Callahan Advisors LLC now owns 256,794 shares of the network equipment provider’s stock worth $8,038,000 after purchasing an additional 651 shares during the last quarter. 75.55% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently weighed in on the stock. Piper Jaffray Companies restated an “overweight” rating and set a $44.00 price target on shares of Cisco Systems in a research report on Wednesday. BidaskClub upgraded shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 5th. Bank of America upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and upped their price target for the stock from $38.99 to $46.00 in a research report on Friday, January 5th. They noted that the move was a valuation call. Vetr upgraded shares of Cisco Systems from a “sell” rating to a “hold” rating and set a $38.01 price target for the company in a research report on Wednesday, December 27th. Finally, Stifel Nicolaus restated a “hold” rating and set a $40.00 price target on shares of Cisco Systems in a research report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Cisco Systems presently has a consensus rating of “Buy” and an average target price of $37.93.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at $40.87 on Friday. The company has a market cap of $202,050.00, a PE ratio of 21.18, a price-to-earnings-growth ratio of 3.57 and a beta of 1.19. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39. Cisco Systems, Inc. has a 1-year low of $29.84 and a 1-year high of $40.93.

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

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

In other news, Director Roderick C. Mcgeary sold 15,230 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $38.00, for a total transaction of $578,740.00. Following the completion of the sale, the director now owns 113,154 shares in the company, valued at approximately $4,299,852. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John T. Chambers sold 250,000 shares of the firm’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 transaction of $9,125,000.00. Following the sale, the insider now owns 712,736 shares of the company’s stock, valued at approximately $26,014,864. The disclosure for this sale can be found here. Insiders have sold a total of 348,643 shares of company stock valued at $12,892,271 in the last 90 days. Insiders own 0.05% of the company’s stock.

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About Cisco Systems

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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