Nicholas Co. Inc. WI boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,596,895 shares of the network equipment provider’s stock after buying an additional 8,685 shares during the period. Cisco Systems accounts for about 1.8% of Nicholas Co. Inc. WI’s portfolio, making the stock its 17th largest position. Nicholas Co. Inc. WI’s holdings in Cisco Systems were worth $78,478,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of CSCO. Proficio Capital Partners LLC increased its stake 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 period. Orrstown Financial Services Inc. increased its stake 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 period. Reilly Financial Advisors LLC increased its stake 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 period. Edmond DE Rothschild Monaco bought a new stake in shares of Cisco Systems during the third quarter valued at about $111,000. Finally, Morgan Dempsey Capital Management LLC increased its stake in shares of Cisco Systems by 19.5% in the third quarter. Morgan Dempsey Capital Management LLC now owns 4,080 shares of the network equipment provider’s stock valued at $129,000 after buying an additional 667 shares during the period. Institutional investors own 75.24% of the company’s stock.
Cisco Systems, Inc. (NASDAQ:CSCO) opened at 34.08 on Monday. Cisco Systems, Inc. has a 52 week low of $25.81 and a 52 week high of $34.53. The firm has a 50-day moving average price of $33.51 and a 200-day moving average price of $31.35. The stock has a market cap of $170.67 billion, a P/E ratio of 17.57 and a beta of 1.36.
Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, February 15th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.01. Cisco Systems had a return on equity of 17.50% and a net margin of 21.73%. The firm had revenue of $11.60 billion for the quarter, compared to the consensus estimate of $11.55 billion. During the same quarter in the prior year, the business earned $0.57 EPS. On average, equities research analysts predict that Cisco Systems, Inc. will post $2.38 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Thursday, April 6th will be issued a dividend of $0.29 per share. This is an increase from Cisco Systems’s previous quarterly dividend of $0.26. The ex-dividend date is Tuesday, April 4th. This represents a $1.16 annualized dividend and a yield of 3.40%. Cisco Systems’s dividend payout ratio is currently 49.52%.
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Several analysts recently issued reports on the company. Vetr raised Cisco Systems from a “sell” rating to a “hold” rating and set a $34.51 price target on the stock in a report on Monday, March 20th. Deutsche Bank AG raised their price target on Cisco Systems from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday. Sanford C. Bernstein set a $37.00 price target on Cisco Systems and gave the stock a “buy” rating in a report on Thursday, February 23rd. Jefferies Group LLC reissued a “buy” rating on shares of Cisco Systems in a report on Tuesday, March 21st. Finally, Zacks Investment Research raised Cisco Systems from a “sell” rating to a “hold” rating in a report on Monday, February 20th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $34.14.
In other news, SVP Prat Bhatt sold 15,672 shares of the stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $34.27, for a total value of $537,079.44. Following the transaction, the senior vice president now owns 77,174 shares of the company’s stock, valued at approximately $2,644,752.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John T. Chambers sold 295,538 shares of the stock in a transaction on 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 transaction, the insider now directly owns 1,220,581 shares in the company, valued at approximately $41,572,988.86. The disclosure for this sale can be found here. In the last three months, insiders sold 371,807 shares of company stock worth $12,668,893. 0.11% of the stock is currently owned by company insiders.
About Cisco Systems
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).
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