Mitsubishi UFJ Trust & Banking Corp Acquires 240,723 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Mitsubishi UFJ Trust & Banking Corp grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 5.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,905,638 shares of the network equipment provider’s stock after acquiring an additional 240,723 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.12% of Cisco Systems worth $228,799,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Wellington Management Group LLP lifted its holdings in shares of Cisco Systems by 38.3% during the 1st quarter. Wellington Management Group LLP now owns 94,598,864 shares of the network equipment provider’s stock valued at $3,718,681,000 after purchasing an additional 26,179,953 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Cisco Systems by 103.2% during the 2nd quarter. Nordea Investment Management AB now owns 48,175,664 shares of the network equipment provider’s stock worth $2,249,322,000 after acquiring an additional 24,469,149 shares during the last quarter. Public Investment Fund acquired a new position in shares of Cisco Systems during the 1st quarter worth approximately $490,881,000. APG Asset Management N.V. raised its stake in Cisco Systems by 225.0% in the 1st quarter. APG Asset Management N.V. now owns 11,069,036 shares of the network equipment provider’s stock valued at $532,232,000 after acquiring an additional 7,663,550 shares during the period. Finally, Advisor Group Holdings Inc. acquired a new stake in Cisco Systems during the 1st quarter valued at $64,944,000. Institutional investors own 71.28% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Robert W. Baird reissued a “hold” rating and issued a $48.00 price objective on shares of Cisco Systems in a research report on Monday, August 10th. Goldman Sachs Group restated a “neutral” rating and set a $45.00 price objective on shares of Cisco Systems in a research report on Thursday, August 13th. Oppenheimer initiated coverage on Cisco Systems in a research report on Thursday, May 28th. They issued a “buy” rating and a $46.00 target price on the stock. Barclays cut Cisco Systems to a “hold” rating in a report on Thursday, July 9th. Finally, Morgan Stanley reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Cisco Systems in a report on Thursday, August 13th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $48.68.

In related news, CAO Prat Bhatt sold 2,873 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $42.11, for a total transaction of $120,982.03. Following the transaction, the chief accounting officer now owns 82,006 shares in the company, valued at $3,453,272.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles Robbins sold 7,806 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $42.10, for a total transaction of $328,632.60. The disclosure for this sale can be found here. Insiders have sold 60,166 shares of company stock worth $2,528,248 over the last three months. Insiders own 0.03% of the company’s stock.

Shares of CSCO traded down $0.18 during mid-day trading on Wednesday, hitting $40.42. The stock had a trading volume of 24,310,495 shares, compared to its average volume of 25,953,932. The firm has a market cap of $171.12 billion, a P/E ratio of 15.54, a PEG ratio of 2.30 and a beta of 0.84. Cisco Systems, Inc. has a 52 week low of $32.40 and a 52 week high of $50.28. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.72 and a quick ratio of 1.67. The business has a fifty day moving average price of $43.56 and a 200-day moving average price of $43.16.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.74 by $0.06. Cisco Systems had a net margin of 22.75% and a return on equity of 34.75%. During the same quarter in the previous year, the company earned $0.83 earnings per share. As a group, research analysts expect that Cisco Systems, Inc. will post 2.8 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.44 annualized dividend and a yield of 3.56%. Cisco Systems’s payout ratio is currently 49.32%.

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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