Waverton Investment Management Ltd Grows Stake in Cisco Systems, Inc. (CSCO)

Waverton Investment Management Ltd lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 59.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 67,037 shares of the network equipment provider’s stock after acquiring an additional 25,000 shares during the period. Waverton Investment Management Ltd’s holdings in Cisco Systems were worth $3,261,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CSCO. Forbes J M & Co. LLP raised its stake in Cisco Systems by 0.5% in the 2nd quarter. Forbes J M & Co. LLP now owns 217,760 shares of the network equipment provider’s stock valued at $9,370,000 after purchasing an additional 1,163 shares during the last quarter. Peachtree Investment Advisors Inc. raised its stake in Cisco Systems by 2.7% in the 2nd quarter. Peachtree Investment Advisors Inc. now owns 44,093 shares of the network equipment provider’s stock valued at $1,897,000 after purchasing an additional 1,175 shares during the last quarter. Intl Fcstone Inc. raised its stake in Cisco Systems by 8.7% in the 3rd quarter. Intl Fcstone Inc. now owns 15,027 shares of the network equipment provider’s stock valued at $731,000 after purchasing an additional 1,202 shares during the last quarter. Flagship Harbor Advisors LLC raised its stake in Cisco Systems by 4.7% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 27,206 shares of the network equipment provider’s stock valued at $1,170,000 after purchasing an additional 1,215 shares during the last quarter. Finally, Bogart Wealth LLC raised its stake in Cisco Systems by 2.3% in the 2nd quarter. Bogart Wealth LLC now owns 55,611 shares of the network equipment provider’s stock valued at $2,392,000 after purchasing an additional 1,241 shares during the last quarter. 69.37% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on CSCO. Zacks Investment Research cut Cisco Systems from a “buy” rating to a “hold” rating in a report on Friday, October 26th. Robert W. Baird restated an “outperform” rating and issued a $53.00 price target on shares of Cisco Systems in a report on Thursday, November 29th. Nomura cut Cisco Systems from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a report on Friday. Piper Jaffray Companies set a $53.00 price target on Cisco Systems and gave the company an “overweight” rating in a report on Monday, October 1st. Finally, Loop Capital restated a “hold” rating and issued a $47.00 price target on shares of Cisco Systems in a report on Monday, August 20th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $50.87.

Shares of NASDAQ:CSCO opened at $45.82 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.11 and a quick ratio of 2.05. Cisco Systems, Inc. has a 1 year low of $37.35 and a 1 year high of $49.47. The stock has a market cap of $220.74 billion, a PE ratio of 19.58, a PEG ratio of 2.68 and a beta of 1.15.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 14th. The network equipment provider reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.03. Cisco Systems had a return on equity of 25.58% and a net margin of 2.52%. The business had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $12.86 billion. During the same quarter in the previous year, the business earned $0.61 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, sell-side analysts forecast that Cisco Systems, Inc. will post 2.7 EPS for the current year.

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

In related news, Director Steven M. West sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $47.98, for a total transaction of $1,199,500.00. Following the transaction, the director now directly owns 10,007 shares of the company’s stock, valued at approximately $480,135.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Charles Robbins sold 217,420 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $47.28, for a total value of $10,279,617.60. The disclosure for this sale can be found here. Insiders have sold a total of 441,793 shares of company stock valued at $20,874,547 in the last quarter. Company insiders own 0.03% of the company’s stock.

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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 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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