Empirical Finance LLC Has $2.57 Million Position in Cisco Systems, Inc. (CSCO)

Empirical Finance LLC boosted its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,294 shares of the network equipment provider’s stock after buying an additional 1,971 shares during the period. Cisco Systems makes up about 0.9% of Empirical Finance LLC’s holdings, making the stock its 17th biggest position. Empirical Finance LLC’s holdings in Cisco Systems were worth $2,566,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Richard Bernstein Advisors LLC boosted 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 in the last quarter. Stratos Wealth Partners LTD. boosted 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 in the last quarter. Eads & Heald Investment Counsel boosted 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 in the last quarter. Aviva PLC boosted 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 in the last quarter. Finally, Callahan Advisors LLC boosted 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 in the last quarter. Hedge funds and other institutional investors own 75.55% of the company’s stock.

In related news, SVP Karen Walker sold 5,786 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total value of $211,131.14. Following the completion of the transaction, the senior vice president now owns 176,418 shares of the company’s stock, valued at approximately $6,437,492.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Prat Bhatt sold 2,606 shares of the business’s stock in a transaction dated 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 directly 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 three months. 0.05% of the stock is currently owned by corporate insiders.

CSCO has been the topic of several research analyst reports. Oppenheimer restated a “buy” rating and set a $36.00 target price on shares of Cisco Systems in a research report on Friday, October 20th. Wells Fargo & Co restated an “outperform” rating and set a $42.00 target price on shares of Cisco Systems in a research report on Tuesday, November 14th. ValuEngine upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Vetr upgraded shares of Cisco Systems from a “sell” rating to a “hold” rating and set a $38.01 target price on the stock in a research report on Wednesday, December 27th. Finally, Jefferies Group restated a “buy” rating and set a $37.00 target price on shares of Cisco Systems in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Cisco Systems has a consensus rating of “Buy” and an average price target of $37.93.

Cisco Systems, Inc. (NASDAQ:CSCO) opened at $40.87 on Friday. The stock has a market capitalization of $202,050.00, a price-to-earnings ratio of 21.18, a PEG ratio of 3.63 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87. Cisco Systems, Inc. has a one year low of $29.84 and a one year high of $40.93.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. The business 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 was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 EPS. research analysts forecast that Cisco Systems, Inc. will post 2.21 earnings per share for the current fiscal 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 paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.84%. The ex-dividend date is Thursday, January 4th. Cisco Systems’s payout ratio is 60.10%.

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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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