Cisco Systems, Inc. (NASDAQ:CSCO) Shares Acquired by Prudent Man Advisors LLC

Prudent Man Advisors LLC raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 56.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,121 shares of the network equipment provider’s stock after buying an additional 14,124 shares during the period. Cisco Systems makes up 0.8% of Prudent Man Advisors LLC’s portfolio, making the stock its 19th biggest position. Prudent Man Advisors LLC’s holdings in Cisco Systems were worth $2,024,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSCO. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Cisco Systems by 102,306.1% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,610,509,846 shares of the network equipment provider’s stock valued at $83,327,779,000 after buying an additional 1,608,937,176 shares during the period. State Street Corp raised its position in Cisco Systems by 2.2% in the first quarter. State Street Corp now owns 184,879,450 shares of the network equipment provider’s stock worth $9,664,544,000 after acquiring an additional 4,061,022 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Cisco Systems by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 78,378,278 shares of the network equipment provider’s stock valued at $4,088,864,000 after acquiring an additional 1,641,294 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Cisco Systems by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 70,960,104 shares of the network equipment provider’s stock valued at $3,674,524,000 after purchasing an additional 399,565 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Cisco Systems by 17.4% in the 4th quarter. Morgan Stanley now owns 61,788,267 shares of the network equipment provider’s stock worth $2,943,593,000 after purchasing an additional 9,160,347 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,022 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $56.22, for a total transaction of $169,896.84. Following the completion of the sale, the executive vice president now directly owns 169,396 shares in the company, valued at $9,523,443.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.02% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Tigress Financial lifted their price target on shares of Cisco Systems from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Friday, September 22nd. Jefferies Financial Group boosted their target price on Cisco Systems from $54.00 to $59.50 and gave the stock a “buy” rating in a research report on Thursday, August 17th. Evercore ISI increased their price target on Cisco Systems from $60.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday, August 17th. StockNews.com began coverage on shares of Cisco Systems in a research note on Thursday, October 5th. They set a “buy” rating for the company. Finally, DZ Bank downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Cisco Systems presently has a consensus rating of “Hold” and a consensus price target of $58.38.

Cisco Systems Stock Down 0.2 %

NASDAQ:CSCO traded down $0.08 during trading hours on Monday, reaching $47.68. The company’s stock had a trading volume of 3,612,770 shares, compared to its average volume of 18,347,885. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.27. The company has a market cap of $193.34 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 2.37 and a beta of 0.98. Cisco Systems, Inc. has a one year low of $45.56 and a one year high of $58.19. The business’s 50-day moving average is $53.38 and its 200-day moving average is $52.32.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.20. Cisco Systems had a return on equity of 34.92% and a net margin of 23.40%. The business had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same quarter in the prior year, the firm posted $0.77 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts predict that Cisco Systems, Inc. will post 3.57 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Thursday, January 4th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Wednesday, January 3rd. Cisco Systems’s dividend payout ratio is currently 47.13%.

Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.