Keybank National Association OH Cuts Stake in Cisco Systems, Inc. (CSCO)

Keybank National Association OH lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.8% during the fourth quarter, Holdings Channel reports. The fund owned 2,754,968 shares of the network equipment provider’s stock after selling 49,796 shares during the period. Keybank National Association OH’s holdings in Cisco Systems were worth $83,255,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its position in shares of Cisco Systems by 7.0% in the third quarter. Proficio Capital Partners LLC now owns 3,211 shares of the network equipment provider’s stock valued at $102,000 after buying an additional 210 shares during the last quarter. Orrstown Financial Services Inc. boosted its position in shares of Cisco Systems by 89.3% in the third quarter. Orrstown Financial Services Inc. now owns 3,243 shares of the network equipment provider’s stock valued at $103,000 after buying an additional 1,530 shares during the last quarter. Reilly Financial Advisors LLC boosted its position in shares of Cisco Systems by 9.5% in the third quarter. Reilly Financial Advisors LLC now owns 3,289 shares of the network equipment provider’s stock valued at $104,000 after buying an additional 286 shares during the last quarter. Edmond DE Rothschild Monaco purchased a new position in shares of Cisco Systems during the third quarter valued at $111,000. Finally, West Oak Capital LLC boosted its position in shares of Cisco Systems by 19.1% in the third quarter. West Oak Capital LLC now owns 4,052 shares of the network equipment provider’s stock valued at $129,000 after buying an additional 651 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

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

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at 34.28 on Tuesday. The firm has a market cap of $171.67 billion, a PE ratio of 17.67 and a beta of 1.36. The stock’s 50 day moving average is $33.05 and its 200 day moving average is $31.26. Cisco Systems, Inc. has a 12 month low of $25.81 and a 12 month high of $34.53.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Thursday, April 6th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Tuesday, April 4th. 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 several recent research reports. Oppenheimer Holdings Inc. set a $34.00 price target on shares of Cisco Systems and gave the company a “buy” rating in a research report on Tuesday, January 24th. Zacks Investment Research raised shares of Cisco Systems from a “sell” rating to a “hold” rating in a research report on Monday, February 20th. Goldman Sachs Group Inc reissued a “neutral” rating and set a $32.00 price target on shares of Cisco Systems in a research report on Thursday, December 29th. Vetr raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $31.84 price target on the stock in a research report on Wednesday, February 1st. Finally, Wells Fargo & Co reissued an “overweight” rating on shares of Cisco Systems in a research report on Saturday, January 28th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty have given a buy rating to the company’s stock. Cisco Systems has a consensus rating of “Buy” and a consensus price target of $33.97.

In other Cisco Systems news, SVP Prat Bhatt sold 15,672 shares of Cisco Systems stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $34.27, for a total value of $537,079.44. Following the completion of the sale, the senior vice president now owns 77,174 shares in the company, valued at approximately $2,644,752.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John T. Chambers sold 295,538 shares of Cisco Systems stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $34.06, for a total value of $10,066,024.28. Following the completion of the sale, the insider now owns 1,220,581 shares of the company’s stock, valued at approximately $41,572,988.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 373,600 shares of company stock valued at $12,723,418. 0.11% of the stock is currently owned by company insiders.

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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