Mn Services Vermogensbeheer B.V. Has $25.74 Million Position in Cisco Systems, Inc. (CSCO)
Mn Services Vermogensbeheer B.V. increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 513.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 822,336 shares of the network equipment provider’s stock after acquiring an additional 688,321 shares during the period. Cisco Systems comprises approximately 0.7% of Mn Services Vermogensbeheer B.V.’s investment portfolio, making the stock its 29th largest holding. Mn Services Vermogensbeheer B.V.’s holdings in Cisco Systems were worth $25,739,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in Cisco Systems by 5.1% during the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 28,911 shares of the network equipment provider’s stock worth $905,000 after acquiring an additional 1,400 shares in the last quarter. Financial & Investment Management Group Ltd. bought a new stake in Cisco Systems during the second quarter worth about $204,000. Liberty Capital Management Inc. raised its holdings in Cisco Systems by 4.5% during the second quarter. Liberty Capital Management Inc. now owns 15,527 shares of the network equipment provider’s stock worth $483,000 after acquiring an additional 675 shares in the last quarter. Buffington Mohr McNeal raised its holdings in Cisco Systems by 10.2% during the second quarter. Buffington Mohr McNeal now owns 6,566 shares of the network equipment provider’s stock worth $206,000 after acquiring an additional 606 shares in the last quarter. Finally, Jacobs & Co. CA raised its holdings in Cisco Systems by 2.7% during the second quarter. Jacobs & Co. CA now owns 248,301 shares of the network equipment provider’s stock worth $7,771,000 after acquiring an additional 6,442 shares in the last quarter. Institutional investors and hedge funds own 75.38% of the company’s stock.
Shares of Cisco Systems, Inc. (NASDAQ:CSCO) traded up 0.48% on Friday, hitting $33.75. The stock had a trading volume of 15,464,652 shares. Cisco Systems, Inc. has a 1-year low of $29.12 and a 1-year high of $34.60. The firm has a 50-day moving average of $32.39 and a 200 day moving average of $32.37. The company has a market capitalization of $167.13 billion, a PE ratio of 17.76 and a beta of 1.21.
Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.61. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The firm had revenue of $12.13 billion for the quarter, compared to analysts’ expectations of $12.07 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities analysts anticipate that Cisco Systems, Inc. will post $2.43 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Thursday, October 5th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Wednesday, October 4th. Cisco Systems’s payout ratio is 60.73%.
Several analysts recently issued reports on the company. Berenberg Bank set a $33.00 target price on Cisco Systems and gave the stock a “hold” rating in a report on Saturday, July 1st. Sanford C. Bernstein set a $38.00 target price on Cisco Systems and gave the stock a “buy” rating in a report on Saturday, July 1st. Stifel Nicolaus set a $34.00 target price on Cisco Systems and gave the stock a “hold” rating in a report on Tuesday, August 15th. JMP Securities reiterated a “market perform” rating on shares of Cisco Systems in a report on Friday, August 18th. Finally, Vetr lowered Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 target price on the stock. in a report on Monday, September 25th. Fifteen investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $35.38.
In related news, SVP Mark D. Chandler sold 65,000 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $32.43, for a total transaction of $2,107,950.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Prat Bhatt sold 25,638 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total transaction of $821,954.28. Following the transaction, the chief accounting officer now owns 119,996 shares in the company, valued at approximately $3,847,071.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 485,138 shares of company stock worth $15,347,574. Corporate 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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