Cisco Systems, Inc. (CSCO) is Staley Capital Advisers Inc.’s 10th Largest Position
Staley Capital Advisers Inc. reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 997,705 shares of the network equipment provider’s stock after selling 2,450 shares during the period. Cisco Systems makes up about 3.2% of Staley Capital Advisers Inc.’s investment portfolio, making the stock its 10th largest position. Staley Capital Advisers Inc.’s holdings in Cisco Systems were worth $31,647,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Emerald Acquisition Ltd. acquired a new position in Cisco Systems during the second quarter valued at about $247,452,000. Vanguard Group Inc. boosted its position in Cisco Systems by 2.1% in the second quarter. Vanguard Group Inc. now owns 317,302,573 shares of the network equipment provider’s stock valued at $9,103,410,000 after buying an additional 6,634,140 shares during the last quarter. FMR LLC boosted its position in Cisco Systems by 6.8% in the second quarter. FMR LLC now owns 99,188,718 shares of the network equipment provider’s stock valued at $2,845,725,000 after buying an additional 6,312,071 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in Cisco Systems by 178.7% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 9,791,742 shares of the network equipment provider’s stock valued at $280,925,000 after buying an additional 6,278,187 shares during the last quarter. Finally, APG Asset Management N.V. boosted its position in Cisco Systems by 64.2% in the third quarter. APG Asset Management N.V. now owns 13,131,236 shares of the network equipment provider’s stock valued at $416,523,000 after buying an additional 5,133,977 shares during the last quarter. Hedge funds and other institutional investors own 74.20% of the company’s stock.
Cisco Systems, Inc. (NASDAQ:CSCO) opened at 30.38 on Wednesday. The firm has a market cap of $152.50 billion, a price-to-earnings ratio of 14.54 and a beta of 1.38. The firm’s 50-day moving average price is $30.15 and its 200-day moving average price is $30.48. Cisco Systems, Inc. has a 12 month low of $22.46 and a 12 month high of $31.95.
Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 16th. The network equipment provider reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. The business had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.34 billion. Cisco Systems had a return on equity of 17.50% and a net margin of 21.73%. Cisco Systems’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 EPS. Equities research analysts predict that Cisco Systems, Inc. will post $2.37 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Shareholders of record on Friday, January 6th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, January 4th. This represents a $1.04 dividend on an annualized basis and a yield of 3.42%. Cisco Systems’s payout ratio is 49.52%.
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Several research analysts have issued reports on CSCO shares. Wells Fargo & Company reiterated an “outperform” rating and issued a $36.50 price objective (up previously from $34.00) on shares of Cisco Systems in a research report on Monday, September 19th. Oppenheimer Holdings, Inc. set a $34.00 price objective on Cisco Systems and gave the stock a “buy” rating in a research report on Wednesday, November 2nd. Vetr cut Cisco Systems from a “buy” rating to a “hold” rating and set a $32.05 price objective for the company. in a research report on Tuesday, September 13th. JMP Securities restated a “market perform” rating on shares of Cisco Systems in a research report on Wednesday, October 5th. Finally, Jefferies Group restated an “in-line” rating and issued a $31.37 price target (down previously from $35.00) on shares of Cisco Systems in a research report on Tuesday, November 15th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $32.77.
In other Cisco Systems news, SVP Karen Walker sold 1,793 shares of the stock in a transaction on Friday, December 23rd. The stock was sold at an average price of $30.41, for a total value of $54,525.13. Following the transaction, the senior vice president now directly owns 183,275 shares in the company, valued at approximately $5,573,392.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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).
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