Nomura Asset Management Co. Ltd. Boosts Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.1% during the fourth quarter, Holdings Channel reports. The firm owned 3,188,172 shares of the network equipment provider’s stock after acquiring an additional 66,812 shares during the quarter. Cisco Systems makes up about 0.7% of Nomura Asset Management Co. Ltd.’s investment portfolio, making the stock its 24th biggest position. Nomura Asset Management Co. Ltd.’s holdings in Cisco Systems were worth $161,066,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSCO. Charles Schwab Investment Management Inc. lifted its stake in shares of Cisco Systems by 9.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 73,439,747 shares of the network equipment provider’s stock worth $3,672,445,000 after purchasing an additional 6,345,954 shares during the period. FMR LLC lifted its stake in shares of Cisco Systems by 3.2% in the 3rd quarter. FMR LLC now owns 57,102,221 shares of the network equipment provider’s stock valued at $3,069,815,000 after purchasing an additional 1,790,717 shares during the last quarter. Northern Trust Corp raised its stake in shares of Cisco Systems by 3.8% in the third quarter. Northern Trust Corp now owns 50,549,422 shares of the network equipment provider’s stock valued at $2,717,537,000 after acquiring an additional 1,847,682 shares during the period. Norges Bank bought a new position in Cisco Systems during the 4th quarter valued at about $2,528,939,000. Finally, Invesco Ltd. grew its holdings in shares of Cisco Systems by 3.7% in the third quarter. Invesco Ltd. now owns 33,536,256 shares of the network equipment provider’s stock worth $1,802,909,000 after purchasing an additional 1,181,327 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 8,016 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $48.24, for a total transaction of $386,691.84. Following the sale, the executive vice president now owns 180,705 shares in the company, valued at $8,717,209.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the transaction, the senior vice president now owns 58,121 shares in the company, valued at $2,906,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deborah L. Stahlkopf sold 8,016 shares of Cisco Systems stock in a transaction on Friday, May 17th. The stock was sold at an average price of $48.24, for a total transaction of $386,691.84. Following the completion of the transaction, the executive vice president now owns 180,705 shares in the company, valued at approximately $8,717,209.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,457 shares of company stock worth $1,358,772. 0.02% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CSCO. Piper Sandler reiterated a “neutral” rating and set a $52.00 price target (up from $51.00) on shares of Cisco Systems in a report on Thursday, May 16th. BNP Paribas upgraded shares of Cisco Systems from an “underperform” rating to a “neutral” rating and set a $50.00 target price for the company in a report on Monday, May 13th. Deutsche Bank Aktiengesellschaft increased their price target on Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, April 9th. StockNews.com downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday. Finally, UBS Group lifted their price objective on shares of Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $56.47.

Cisco Systems Price Performance

CSCO traded down $0.18 during trading on Friday, hitting $46.42. The company’s stock had a trading volume of 11,934,560 shares, compared to its average volume of 19,358,230. The firm has a market capitalization of $187.02 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 2.76 and a beta of 0.87. Cisco Systems, Inc. has a twelve month low of $46.20 and a twelve month high of $58.19. The business’s fifty day simple moving average is $48.45 and its 200 day simple moving average is $49.37. The company has a current ratio of 0.89, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.70 by $0.18. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The business had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $12.53 billion. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. On average, equities research analysts forecast that Cisco Systems, Inc. will post 3.13 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Friday, July 5th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $1.60 annualized dividend and a yield of 3.45%. Cisco Systems’s dividend payout ratio (DPR) is presently 53.87%.

About Cisco Systems

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.