ST Germain D J Co. Inc. Has $16.44 Million Stake in Cisco Systems, Inc. (CSCO)

ST Germain D J Co. Inc. increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 10.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 488,751 shares of the network equipment provider’s stock after acquiring an additional 46,804 shares during the period. Cisco Systems comprises about 2.1% of ST Germain D J Co. Inc.’s portfolio, making the stock its 18th biggest position. ST Germain D J Co. Inc.’s holdings in Cisco Systems were worth $16,437,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CSCO. First PREMIER Bank boosted its holdings in Cisco Systems by 10.2% during the second quarter. First PREMIER Bank now owns 11,841 shares of the network equipment provider’s stock worth $371,000 after buying an additional 1,093 shares in the last quarter. West Oak Capital LLC lifted its holdings in shares of Cisco Systems by 5.8% in the second quarter. West Oak Capital LLC now owns 5,322 shares of the network equipment provider’s stock valued at $167,000 after purchasing an additional 294 shares in the last quarter. Pioneer Trust Bank N A OR lifted its holdings in shares of Cisco Systems by 0.4% in the second quarter. Pioneer Trust Bank N A OR now owns 130,435 shares of the network equipment provider’s stock valued at $4,083,000 after purchasing an additional 530 shares in the last quarter. Catawba Capital Management VA lifted its holdings in shares of Cisco Systems by 1.0% in the second quarter. Catawba Capital Management VA now owns 165,507 shares of the network equipment provider’s stock valued at $5,180,000 after purchasing an additional 1,684 shares in the last quarter. Finally, Curbstone Financial Management Corp lifted its holdings in shares of Cisco Systems by 1.6% in the second quarter. Curbstone Financial Management Corp now owns 37,067 shares of the network equipment provider’s stock valued at $1,160,000 after purchasing an additional 575 shares in the last quarter. 75.55% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CAO Prat Bhatt sold 2,606 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction 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 $3,254,324.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Karen Walker sold 5,786 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $211,131.14. Following the transaction, the senior vice president now directly owns 176,418 shares of the company’s stock, valued at approximately $6,437,492.82. The disclosure for this sale can be found here. Insiders have sold 348,643 shares of company stock valued at $12,892,271 in the last ninety days. 0.05% of the stock is currently owned by company insiders.

Cisco Systems, Inc. (NASDAQ:CSCO) opened at $40.87 on Friday. 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 firm has a market cap of $202,050.00, a P/E ratio of 21.18, a PEG ratio of 3.57 and a beta of 1.19. Cisco Systems, Inc. has a 52-week low of $29.84 and a 52-week high of $40.93.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders 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 dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, January 4th. Cisco Systems’s dividend payout ratio is presently 60.10%.

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

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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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