Nexus Investment Management Inc. increased its stake in Cisco Systems Inc. (NASDAQ:CSCO) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 604,240 shares of the network equipment provider’s stock after buying an additional 2,200 shares during the period. Cisco Systems comprises about 3.5% of Nexus Investment Management Inc.’s holdings, making the stock its 10th largest position. Nexus Investment Management Inc.’s holdings in Cisco Systems were worth $19,167,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CSCO. VNBTrust National Association increased its stake in Cisco Systems by 0.3% in the third quarter. VNBTrust National Association now owns 7,010 shares of the network equipment provider’s stock valued at $222,000 after buying an additional 20 shares during the last quarter. Mercer Capital Advisers Inc. increased its stake in Cisco Systems by 0.7% in the second quarter. Mercer Capital Advisers Inc. now owns 4,760 shares of the network equipment provider’s stock valued at $137,000 after buying an additional 35 shares during the last quarter. Moody Lynn & Lieberson LLC increased its stake in Cisco Systems by 0.6% in the second quarter. Moody Lynn & Lieberson LLC now owns 13,890 shares of the network equipment provider’s stock valued at $399,000 after buying an additional 83 shares during the last quarter. Crawford Investment Counsel Inc. increased its stake in Cisco Systems by 1.1% in the second quarter. Crawford Investment Counsel Inc. now owns 8,601 shares of the network equipment provider’s stock valued at $247,000 after buying an additional 95 shares during the last quarter. Finally, Hayek Kallen Investment Management increased its stake in Cisco Systems by 1.4% in the second quarter. Hayek Kallen Investment Management now owns 7,206 shares of the network equipment provider’s stock valued at $207,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 74.22% of the company’s stock.

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

Shares of Cisco Systems Inc. (NASDAQ:CSCO) traded up 1.23% during midday trading on Tuesday, reaching $30.54. The company had a trading volume of 15,181,326 shares. Cisco Systems Inc. has a 12-month low of $22.46 and a 12-month high of $31.95. The stock’s 50 day moving average is $30.34 and its 200-day moving average is $30.31. The stock has a market capitalization of $153.30 billion, a PE ratio of 14.61 and a beta of 1.38.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. Cisco Systems had a return on equity of 17.50% and a net margin of 21.73%. The business earned $12.35 billion during the quarter, compared to analysts’ expectations of $12.34 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, equities research analysts predict that Cisco Systems Inc. will post $2.37 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. Shareholders of record on Friday, January 6th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, January 4th. This represents a $1.04 dividend on an annualized basis and a yield of 3.45%. Cisco Systems’s payout ratio is presently 49.52%.

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A number of equities analysts have recently weighed in on CSCO shares. Barclays PLC upped their target price on Cisco Systems from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, August 15th. Drexel Hamilton reiterated a “buy” rating and issued a $36.00 target price on shares of Cisco Systems in a report on Tuesday, August 16th. Wells Fargo & Co. reiterated an “outperform” rating and issued a $36.50 target price (up previously from $34.00) on shares of Cisco Systems in a report on Monday, September 19th. Jefferies Group reiterated a “buy” rating and issued a $35.00 target price on shares of Cisco Systems in a report on Monday, August 29th. Finally, Vetr downgraded Cisco Systems from a “buy” rating to a “hold” rating and set a $32.71 target price on the stock. in a report on Monday, September 5th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $32.78.

In other news, SVP Mark D. Chandler sold 62,910 shares of the stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $31.40, for a total value of $1,975,374.00. Following the completion of the sale, the senior vice president now owns 286,628 shares of the company’s stock, valued at $9,000,119.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Chris Dedicoat sold 60,000 shares of the stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $30.87, for a total value of $1,852,200.00. Following the completion of the sale, the executive vice president now directly owns 214,605 shares of the company’s stock, valued at approximately $6,624,856.35. The disclosure for this sale can be found here. 0.11% of the stock is 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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