West Family Investments Inc. Maintains Stake in Cisco Systems, Inc. (CSCO)
West Family Investments Inc. held its position in Cisco Systems, Inc. (NASDAQ:CSCO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 120,000 shares of the network equipment provider’s stock at the end of the fourth quarter. Cisco Systems comprises 0.6% of West Family Investments Inc.’s investment portfolio, making the stock its 29th largest position. West Family Investments Inc.’s holdings in Cisco Systems were worth $3,626,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dubuque Bank & Trust Co. raised its stake in Cisco Systems by 44.6% in the third quarter. Dubuque Bank & Trust Co. now owns 340,949 shares of the network equipment provider’s stock valued at $10,815,000 after buying an additional 105,162 shares during the last quarter. Franklin Street Advisors Inc. NC raised its stake in Cisco Systems by 3.0% in the third quarter. Franklin Street Advisors Inc. NC now owns 359,679 shares of the network equipment provider’s stock valued at $11,409,000 after buying an additional 10,602 shares during the last quarter. Bailard Inc. raised its stake in Cisco Systems by 40.4% in the third quarter. Bailard Inc. now owns 231,621 shares of the network equipment provider’s stock valued at $7,347,000 after buying an additional 66,612 shares during the last quarter. First Personal Financial Services raised its stake in Cisco Systems by 9.8% in the third quarter. First Personal Financial Services now owns 121,998 shares of the network equipment provider’s stock valued at $3,870,000 after buying an additional 10,896 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Cisco Systems by 81.6% in the third quarter. Oregon Public Employees Retirement Fund now owns 1,703,905 shares of the network equipment provider’s stock valued at $54,048,000 after buying an additional 765,452 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cisco Systems, Inc. (NASDAQ:CSCO) traded up 0.03% during trading on Friday, hitting $32.84. 9,840,580 shares of the company traded hands. The stock has a market cap of $164.46 billion, a price-to-earnings ratio of 16.93 and a beta of 1.36. Cisco Systems, Inc. has a one year low of $25.81 and a one year high of $34.53. The firm has a 50 day moving average price of $33.65 and a 200-day moving average price of $31.59.
Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, February 15th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, beating 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 business earned $11.60 billion during the quarter, compared to the consensus estimate of $11.55 billion. During the same quarter last year, the firm posted $0.57 EPS. Analysts predict that Cisco Systems, Inc. will post $2.38 EPS for the current year.
The firm also recently declared 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 3.53%. Cisco Systems’s dividend payout ratio (DPR) is currently 49.52%.
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Several analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Cisco Systems from a “hold” rating to a “sell” rating in a report on Tuesday. Vetr upgraded shares of Cisco Systems from a “buy” rating to a “strong-buy” rating and set a $37.32 price target for the company in a research note on Tuesday, April 11th. Deutsche Bank AG restated a “buy” rating and issued a $42.00 price target on shares of Cisco Systems in a research note on Monday, April 10th. Cowen and Company restated an “outperform” rating and issued a $39.00 price target on shares of Cisco Systems in a research note on Thursday, April 6th. Finally, Berenberg Bank started coverage on shares of Cisco Systems in a research note on Tuesday, April 4th. They issued a “hold” rating and a $35.00 price target for the company. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $34.23.
In other Cisco Systems news, EVP Chris Dedicoat sold 34,597 shares of the firm’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $34.12, for a total transaction of $1,180,449.64. Following the completion of the sale, the executive vice president now owns 229,344 shares of the company’s stock, valued at approximately $7,825,217.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven M. West purchased 3,027 shares of the business’s stock in a transaction on Wednesday, February 22nd. The shares were acquired at an average cost of $33.92 per share, with a total value of $102,675.84. Following the acquisition, the director now directly owns 3,700 shares in the company, valued at $125,504. The disclosure for this purchase can be found here. Insiders have sold a total of 371,807 shares of company stock valued at $12,668,893 in the last ninety days. Insiders own 0.11% of the company’s stock.
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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