Candriam Luxembourg S.C.A. grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,556,669 shares of the network equipment provider’s stock after acquiring an additional 72,742 shares during the quarter. Cisco Systems accounts for 0.8% of Candriam Luxembourg S.C.A.’s portfolio, making the stock its 19th largest holding. Candriam Luxembourg S.C.A.’s holdings in Cisco Systems were worth $75,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of CSCO. Nicolet Bankshares Inc. grew its stake in shares of Cisco Systems by 4.5% in the 3rd quarter. Nicolet Bankshares Inc. now owns 4,977 shares of the network equipment provider’s stock valued at $246,000 after purchasing an additional 215 shares during the period. United Capital Management of KS Inc. raised its holdings in shares of Cisco Systems by 1.1% in the 3rd quarter. United Capital Management of KS Inc. now owns 20,885 shares of the network equipment provider’s stock worth $998,000 after buying an additional 223 shares in the last quarter. Cable Hill Partners LLC lifted its position in shares of Cisco Systems by 1.7% during the 3rd quarter. Cable Hill Partners LLC now owns 13,931 shares of the network equipment provider’s stock worth $688,000 after buying an additional 227 shares during the period. Sigma Investment Counselors Inc. lifted its position in shares of Cisco Systems by 4.0% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 5,919 shares of the network equipment provider’s stock worth $292,000 after buying an additional 230 shares during the period. Finally, St. Johns Investment Management Company LLC lifted its position in shares of Cisco Systems by 0.9% during the 3rd quarter. St. Johns Investment Management Company LLC now owns 27,336 shares of the network equipment provider’s stock worth $1,351,000 after buying an additional 233 shares during the period. 72.62% of the stock is owned by institutional investors.
Shares of CSCO stock opened at $48.80 on Wednesday. The stock’s fifty day moving average is $46.91 and its 200-day moving average is $48.95. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.64 and a current ratio of 1.70. The stock has a market capitalization of $207.96 billion, a PE ratio of 19.44, a PEG ratio of 2.85 and a beta of 1.23. Cisco Systems, Inc. has a 52 week low of $43.40 and a 52 week high of $58.26.
Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 13th. The network equipment provider reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.03. Cisco Systems had a return on equity of 35.01% and a net margin of 21.15%. The company had revenue of $13.16 billion during the quarter, compared to analyst estimates of $13.09 billion. During the same period last year, the company posted $0.75 earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year. As a group, analysts forecast that Cisco Systems, Inc. will post 2.94 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Thursday, January 2nd. Cisco Systems’s dividend payout ratio is currently 49.12%.
A number of brokerages have weighed in on CSCO. Wells Fargo & Co reiterated a “buy” rating and issued a $58.00 price target (down from $60.00) on shares of Cisco Systems in a research report on Thursday, November 14th. William Blair reiterated a “market perform” rating on shares of Cisco Systems in a research note on Thursday, November 14th. Edward Jones raised Cisco Systems from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Goldman Sachs Group set a $48.00 target price on shares of Cisco Systems and gave the company a “neutral” rating in a research note on Thursday, November 14th. Finally, Credit Suisse Group set a $46.00 target price on shares of Cisco Systems and gave the company a “neutral” rating in a research note on Thursday, November 14th. Thirteen equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $54.69.
In other Cisco Systems news, EVP Irving Tan sold 10,733 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $44.81, for a total value of $480,945.73. Following the completion of the transaction, the executive vice president now directly owns 172,199 shares of the company’s stock, valued at $7,716,237.19. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kelly A. Kramer sold 70,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $45.19, for a total transaction of $3,163,300.00. Following the completion of the transaction, the chief financial officer now directly owns 352,587 shares of the company’s stock, valued at $15,933,406.53. The disclosure for this sale can be found here. In the last three months, insiders have sold 388,864 shares of company stock worth $17,474,321. Insiders own 0.03% of the company’s stock.
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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