Cisco Systems, Inc. (CSCO) Stake Cut by SSI Investment Management Inc.

SSI Investment Management Inc. lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,655 shares of the network equipment provider’s stock after selling 25 shares during the period. SSI Investment Management Inc.’s holdings in Cisco Systems were worth $443,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. State Street Corp increased its position in shares of Cisco Systems by 2.8% in the fourth quarter. State Street Corp now owns 218,577,771 shares of the network equipment provider’s stock worth $6,605,412,000 after buying an additional 5,886,055 shares during the period. Bank of New York Mellon Corp increased its position in shares of Cisco Systems by 9.2% in the third quarter. Bank of New York Mellon Corp now owns 123,367,471 shares of the network equipment provider’s stock worth $3,913,216,000 after buying an additional 10,435,264 shares during the period. FMR LLC increased its position in shares of Cisco Systems by 1.4% in the fourth quarter. FMR LLC now owns 104,252,187 shares of the network equipment provider’s stock worth $3,150,500,000 after buying an additional 1,462,365 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Cisco Systems by 5.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 69,860,968 shares of the network equipment provider’s stock worth $2,215,990,000 after buying an additional 3,555,286 shares during the period. Finally, Northern Trust Corp increased its position in shares of Cisco Systems by 1.1% in the third quarter. Northern Trust Corp now owns 66,252,626 shares of the network equipment provider’s stock worth $2,101,533,000 after buying an additional 735,340 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at 34.28 on Tuesday. The company has a market capitalization of $171.67 billion, a PE ratio of 17.67 and a beta of 1.36. Cisco Systems, Inc. has a 52 week low of $25.81 and a 52 week high of $34.53. The company has a 50 day moving average price of $33.05 and a 200 day moving average price of $31.26.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, February 15th. The network equipment provider reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Cisco Systems had a net margin of 21.73% and a return on equity of 17.50%. The firm had revenue of $11.60 billion for the quarter, compared to analysts’ expectations of $11.55 billion. During the same quarter last year, the firm earned $0.57 EPS. On average, equities research analysts expect that Cisco Systems, Inc. will post $2.38 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Thursday, April 6th will be given a dividend of $0.29 per share. The ex-dividend date is Tuesday, April 4th. This represents a $1.16 annualized dividend and a dividend yield of 3.38%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.26. Cisco Systems’s dividend payout ratio (DPR) is currently 49.52%.

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CSCO has been the topic of a number of recent analyst reports. BMO Capital Markets reissued an “outperform” rating and set a $33.00 price target on shares of Cisco Systems in a research report on Thursday, January 12th. Royal Bank of Canada boosted their price target on Cisco Systems from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, February 16th. William Blair reissued an “outperform” rating on shares of Cisco Systems in a research report on Thursday, February 16th. Pacific Crest reissued an “overweight” rating and set a $33.00 price target on shares of Cisco Systems in a research report on Thursday, December 29th. Finally, Vetr upgraded Cisco Systems from a “buy” rating to a “strong-buy” rating and set a $34.50 price objective for the company in a report on Thursday, December 15th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $33.97.

In other Cisco Systems news, SVP Karen Walker sold 1,793 shares of Cisco Systems stock in a transaction that occurred on Friday, December 23rd. The shares were sold at an average price of $30.41, for a total transaction of $54,525.13. Following the transaction, the senior vice president now owns 183,275 shares of the company’s stock, valued at approximately $5,573,392.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Prat Bhatt sold 15,672 shares of Cisco Systems stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $34.27, for a total transaction of $537,079.44. Following the transaction, the senior vice president now directly owns 77,174 shares in the company, valued at approximately $2,644,752.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 373,600 shares of company stock worth $12,723,418. Insiders own 0.11% of the company’s stock.

Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

5 Day Chart for NASDAQ:CSCO

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