Northwest Bancshares Inc. Has $1.20 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Northwest Bancshares Inc. trimmed its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 6.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,304 shares of the network equipment provider’s stock after selling 1,718 shares during the quarter. Northwest Bancshares Inc.’s holdings in Cisco Systems were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Mirador Capital Partners LP raised its stake in shares of Cisco Systems by 1.7% in the second quarter. Mirador Capital Partners LP now owns 11,977 shares of the network equipment provider’s stock worth $656,000 after purchasing an additional 199 shares during the last quarter. Weil Company Inc. raised its stake in shares of Cisco Systems by 0.5% in the second quarter. Weil Company Inc. now owns 38,992 shares of the network equipment provider’s stock worth $2,134,000 after purchasing an additional 201 shares during the last quarter. Pinnacle Holdings LLC raised its stake in shares of Cisco Systems by 1.0% in the second quarter. Pinnacle Holdings LLC now owns 19,758 shares of the network equipment provider’s stock worth $1,081,000 after purchasing an additional 201 shares during the last quarter. Baystate Wealth Management LLC raised its stake in shares of Cisco Systems by 2.0% in the second quarter. Baystate Wealth Management LLC now owns 10,228 shares of the network equipment provider’s stock worth $600,000 after purchasing an additional 202 shares during the last quarter. Finally, Keel Point LLC raised its stake in shares of Cisco Systems by 3.7% in the second quarter. Keel Point LLC now owns 5,708 shares of the network equipment provider’s stock worth $312,000 after purchasing an additional 202 shares during the last quarter. 73.31% of the stock is currently owned by institutional investors.

In other Cisco Systems news, CEO Charles Robbins sold 18,955 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $50.04, for a total transaction of $948,508.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kelly A. Kramer sold 70,000 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $46.72, for a total value of $3,270,400.00. Following the transaction, the chief financial officer now directly owns 277,548 shares of the company’s stock, valued at $12,967,042.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 193,130 shares of company stock valued at $9,359,179. 0.03% of the stock is owned by corporate insiders.

Several analysts have recently commented on CSCO shares. Raymond James reissued an “overweight” rating on shares of Cisco Systems in a research note on Friday, August 16th. Robert W. Baird set a $54.00 price objective on Cisco Systems and gave the stock a “buy” rating in a research note on Friday, September 13th. KeyCorp lowered their price objective on Cisco Systems from $60.00 to $56.00 and set an “overweight” rating for the company in a research note on Thursday, August 15th. Citigroup lowered their price objective on Cisco Systems from $65.00 to $57.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, Bank of America reaffirmed a “buy” rating and issued a $62.00 target price on shares of Cisco Systems in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $56.60.

NASDAQ CSCO traded up $0.48 on Wednesday, hitting $46.87. 5,226,615 shares of the stock traded hands, compared to its average volume of 20,847,318. The business’s fifty day moving average is $48.23 and its two-hundred day moving average is $53.29. Cisco Systems, Inc. has a 12 month low of $40.25 and a 12 month high of $58.26. The firm has a market capitalization of $201.74 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 2.29 and a beta of 1.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 1.51.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.01. Cisco Systems had a return on equity of 32.43% and a net margin of 22.39%. The business had revenue of $13.43 billion during the quarter, compared to analyst estimates of $13.39 billion. During the same period in the prior year, the company earned $0.70 earnings per share. Cisco Systems’s revenue was up 4.5% compared to the same quarter last year. Analysts expect that Cisco Systems, Inc. will post 3.05 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Friday, October 4th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.99%. The ex-dividend date is Thursday, October 3rd. Cisco Systems’s dividend payout ratio (DPR) is 49.12%.

Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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

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