Cisco Systems, Inc. (CSCO) Shares Bought by Country Trust Bank

Country Trust Bank boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,238,110 shares of the network equipment provider’s stock after acquiring an additional 3,376 shares during the period. Cisco Systems accounts for 1.9% of Country Trust Bank’s investment portfolio, making the stock its 17th biggest holding. Country Trust Bank’s holdings in Cisco Systems were worth $41,638,000 at the end of the most recent reporting period.

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

In other Cisco Systems news, Director Roderick C. Mcgeary sold 15,230 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.00, for a total transaction of $578,740.00. Following the sale, the director now directly owns 113,154 shares of the company’s stock, valued at $4,299,852. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Prat Bhatt sold 2,606 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $95,092.94. Following the sale, the chief accounting officer now directly owns 89,184 shares in the company, valued at $3,254,324.16. 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 ninety days. Insiders own 0.05% of the company’s stock.

Shares of Cisco Systems, Inc. (CSCO) opened at $40.87 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87. The firm has a market cap of $202,050.00, a PE ratio of 21.18, a price-to-earnings-growth ratio of 3.63 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 issued its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The firm had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.11 billion. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. sell-side analysts predict that Cisco Systems, Inc. will post 2.21 EPS for the current fiscal year.

The company 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 dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.16 annualized dividend and a yield of 2.84%. Cisco Systems’s dividend payout ratio is 60.10%.

CSCO has been the subject of a number of research analyst reports. Oppenheimer reaffirmed a “buy” rating and set a $36.00 price objective on shares of Cisco Systems in a research report on Friday, October 20th. ValuEngine raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Jefferies Group reissued a “buy” rating and issued a $37.00 target price on shares of Cisco Systems in a research note on Friday, October 6th. Piper Jaffray Companies reissued a “buy” rating and issued a $36.00 target price on shares of Cisco Systems in a research note on Thursday, October 12th. Finally, KeyCorp set a $33.00 target price on shares of Cisco Systems and gave the company a “buy” rating in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Cisco Systems currently has a consensus rating of “Buy” and an average price target of $37.93.

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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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