Cisco Systems, Inc. (CSCO) Position Increased by D.A. Davidson & CO.

D.A. Davidson & CO. increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 10.8% during the third quarter, Holdings Channel reports. The fund owned 499,870 shares of the network equipment provider’s stock after buying an additional 48,755 shares during the period. D.A. Davidson & CO.’s holdings in Cisco Systems were worth $15,849,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CSCO. Vanguard Group Inc. raised its position in Cisco Systems by 2.1% in the second quarter. Vanguard Group Inc. now owns 317,302,573 shares of the network equipment provider’s stock worth $9,103,410,000 after buying an additional 6,634,140 shares in the last quarter. Bank of New York Mellon Corp raised its position in 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 in the last quarter. Price T Rowe Associates Inc. MD raised its position in 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 in the last quarter. Northern Trust Corp raised its position in 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Cisco Systems by 11.2% in the second quarter. Dimensional Fund Advisors LP now owns 39,348,078 shares of the network equipment provider’s stock worth $1,128,791,000 after buying an additional 3,972,418 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

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

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at 32.31 on Wednesday. The stock’s 50 day moving average price is $30.67 and its 200 day moving average price is $30.75. Cisco Systems, Inc. has a 12 month low of $25.65 and a 12 month high of $32.31. The company has a market capitalization of $162.19 billion, a PE ratio of 15.46 and a beta of 1.36.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 25th. Investors of record on Friday, January 6th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, January 4th. This represents a $1.04 annualized dividend and a dividend yield of 3.22%. Cisco Systems’s dividend payout ratio (DPR) is presently 49.52%.

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CSCO has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $33.00 price target on shares of Cisco Systems in a research report on Thursday, January 12th. Pacific Crest reiterated an “overweight” rating and set a $33.00 price objective on shares of Cisco Systems in a research note on Thursday, December 29th. Vetr upgraded shares of Cisco Systems from a “buy” rating to a “strong-buy” rating and set a $34.50 price objective on the stock in a research note on Thursday, December 15th. Drexel Hamilton reiterated a “buy” rating and set a $36.00 price objective on shares of Cisco Systems in a research note on Tuesday. Finally, RBC Capital Markets reiterated an “outperform” rating and set a $35.00 price objective on shares of Cisco Systems in a research note on Wednesday, November 30th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the stock. Cisco Systems has an average rating of “Buy” and a consensus target price of $33.41.

In related news, SVP Karen Walker sold 1,793 shares of the stock in a transaction on Friday, December 23rd. The stock was sold at an average price of $30.41, for a total transaction of $54,525.13. Following the sale, the senior vice president now directly owns 183,275 shares of the company’s stock, valued at $5,573,392.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company 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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