Cisco Systems, Inc. (CSCO) Stake Boosted by Radnor Capital Management LLC

Radnor Capital Management LLC grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 10.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 73,493 shares of the network equipment provider’s stock after purchasing an additional 6,765 shares during the period. Cisco Systems makes up about 1.1% of Radnor Capital Management LLC’s portfolio, making the stock its 16th biggest position. Radnor Capital Management LLC’s holdings in Cisco Systems were worth $3,575,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CSCO. Morgan Stanley increased its stake in shares of Cisco Systems by 15.9% in the 2nd quarter. Morgan Stanley now owns 50,957,358 shares of the network equipment provider’s stock valued at $2,192,694,000 after purchasing an additional 7,009,359 shares during the last quarter. Charles Schwab Investment Advisory Inc. bought a new position in shares of Cisco Systems in the 2nd quarter valued at $279,790,000. Summit Trail Advisors LLC increased its stake in shares of Cisco Systems by 4,313.3% in the 1st quarter. Summit Trail Advisors LLC now owns 4,814,373 shares of the network equipment provider’s stock valued at $4,814,000 after purchasing an additional 4,705,284 shares during the last quarter. Putnam Investments LLC increased its stake in shares of Cisco Systems by 44.9% in the 2nd quarter. Putnam Investments LLC now owns 7,610,821 shares of the network equipment provider’s stock valued at $327,494,000 after purchasing an additional 2,359,159 shares during the last quarter. Finally, Royal London Asset Management Ltd. bought a new position in shares of Cisco Systems in the 2nd quarter valued at $90,333,000. Institutional investors own 69.37% of the company’s stock.

Several equities analysts have recently issued reports on CSCO shares. Deutsche Bank lifted their price target on Cisco Systems from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, November 15th. UBS Group set a $56.00 price objective on Cisco Systems and gave the stock a “buy” rating in a research report on Wednesday, September 26th. BidaskClub upgraded Cisco Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 25th. Zacks Investment Research upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Wednesday, October 3rd. Finally, Raymond James boosted their price objective on Cisco Systems from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Thursday, November 15th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $50.87.

Shares of CSCO opened at $45.82 on Friday. The stock has a market cap of $220.74 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 2.68 and a beta of 1.15. Cisco Systems, Inc. has a 12 month low of $37.35 and a 12 month high of $49.47. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.05 and a current ratio of 2.11.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 14th. The network equipment provider reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.03. The firm had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $12.86 billion. Cisco Systems had a return on equity of 25.58% and a net margin of 2.52%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. On average, equities research analysts forecast that Cisco Systems, Inc. will post 2.7 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Friday, January 4th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Thursday, January 3rd. Cisco Systems’s payout ratio is presently 56.41%.

In other Cisco Systems news, EVP Mark D. Chandler sold 4,373 shares of Cisco Systems stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $44.89, for a total transaction of $196,303.97. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Prat Bhatt sold 33,950 shares of Cisco Systems stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $44.86, for a total value of $1,522,997.00. Following the transaction, the senior vice president now directly owns 90,207 shares in the company, valued at $4,046,686.02. The disclosure for this sale can be found here. Insiders have sold a total of 441,793 shares of company stock worth $20,874,547 over the last ninety days. Company insiders own 0.03% of the company’s stock.

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Cisco Systems Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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