Cisco Systems, Inc. (CSCO) Stake Increased by Golub Group LLC

Golub Group LLC lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 32.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,150 shares of the network equipment provider’s stock after acquiring an additional 10,230 shares during the quarter. Golub Group LLC’s holdings in Cisco Systems were worth $1,418,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. bought a new stake in Cisco Systems during the 2nd quarter valued at approximately $231,000. Barnett & Company Inc. boosted its stake in Cisco Systems by 1,511.5% during the 2nd quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock valued at $101,000 after purchasing an additional 3,023 shares during the period. Tortoise Investment Management LLC boosted its stake in Cisco Systems by 36.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock valued at $104,000 after purchasing an additional 878 shares during the period. Mountain Capital Investment Advisors Inc bought a new stake in Cisco Systems during the 2nd quarter valued at approximately $104,000. Finally, Manchester Capital Management LLC boosted its stake in Cisco Systems by 10.7% during the 2nd quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock valued at $113,000 after purchasing an additional 350 shares during the period. Institutional investors own 75.60% of the company’s stock.

In related news, Director Roderick C. Mcgeary sold 15,230 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was 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 directly owns 113,154 shares of the company’s stock, valued at approximately $4,299,852. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Karen Walker sold 5,786 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total value of $211,131.14. Following the sale, the senior vice president now directly owns 176,418 shares of the company’s stock, valued at $6,437,492.82. The disclosure for this sale can be found here. Over the last three months, insiders sold 348,643 shares of company stock valued at $12,892,271. 0.05% of the stock is currently owned by insiders.

Several analysts recently weighed in on CSCO shares. Vetr downgraded Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 target price for the company. in a research note on Monday, September 25th. Oppenheimer restated a “buy” rating and set a $36.00 target price on shares of Cisco Systems in a research note on Monday, September 25th. ValuEngine upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. BMO Capital Markets restated a “hold” rating and set a $32.00 target price on shares of Cisco Systems in a research note on Thursday, September 28th. Finally, Jefferies Group restated a “buy” rating and set a $37.00 target price on shares of Cisco Systems in a research note on Friday, October 6th. Twelve investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $38.47.

Cisco Systems, Inc. (CSCO) opened at $41.20 on Thursday. Cisco Systems, Inc. has a twelve month low of $29.92 and a twelve month high of $41.32. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $203,680.00, a P/E ratio of 21.35, a PEG ratio of 3.67 and a beta of 1.19.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The business had revenue of $12.14 billion during the quarter, compared to analysts’ expectations of $12.11 billion. During the same period in the prior year, the firm posted $0.61 EPS. Cisco Systems’s quarterly revenue was down 1.7% compared to the same quarter last year. research analysts predict that Cisco Systems, Inc. will post 2.21 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Friday, January 5th will be issued a $0.29 dividend. The ex-dividend date is Thursday, January 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.82%. Cisco Systems’s payout ratio is presently 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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